1675 US Route 5 South
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19 photos

$863,000

1675 US Route 5 South
Fairlee, VT 05045
Listed by Loren Wehmeyer · Tesla Realty Group, LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1954

About this home

Excellent investment opportunity in the Upper Valley! This well-maintained multifamily property features two buildings on one parcel, offering a total of eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit, providing a diverse range of housing options with strong rental demand. Conveniently located just 22 minutes from Hanover, NH, this property combines accessibility with a country setting. The buildings sit on a spacious lot with a large backyard, creating privacy and outdoor enjoyment for tenants. Recent upgrades (2020) include new windows, all-new plumbing supply lines, pressure tank, water softener, added insulation, four new kitchens, four new Rinnai heaters, and improvements to a relatively new septic system, ensuring efficient and low-maintenance operation for years to come. Tenants pay their own electric, and six of the eight units pay their own heat, keeping owner expenses minimal. The property also features on-site coin-operated laundry for tenant convenience. This is a turnkey investment with a strong income stream and proven rental history—perfect for investors seeking stable returns in a desirable Upper Valley location. Listing agent has an ownership interest in the property.

Property details

MLS #
5069106
Property type
Residential Income
Subdivision
N/A
Status
Active
Days on market
275
On market date
N/A
Stories
N/A
Garage spaces
N/A
Lot size
2 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
Lyme Elementary School
5.41 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
198
Student:teacher ratio
8.6:1
District
Lyme School District
Middle
None found nearby
High
None found nearby

Mortgage calculator

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Est. monthly payment
$5,347/mo
$172,600 down
$690,400 loan
Principal & interest$4,478
Property tax (est.)$719
Home insurance (est.)$150

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