Rarely available turnkey triplex, 3x 2BR/1BA, located in the vibrant Artisan Town of Brandon — known for its historic architecture, thriving arts scene, and central location. Experience the perfect blend of investment potential and small-town charm with this well-managed and updated triplex.
The property is listed at a 10%+ Cap Rate at current annualized NOI of $43,000, offering immediate and robust returns in addition to strong upside from under-market rents and rent growth. Perfect for a high cash flow addition to your portfolio, or a “house hack” where you live in one unit for free while the other two cover your mortgage and expenses.
Each unit has been tastefully updated and features its own washer/dryer — a rare amenity. Residents pay all their own utilities. The backyard is over an acre and features a detached garage/barn, which can be rented for additional income. Additional land on the parcel can be developed to provide more housing, and the town is supportive.
Situated in a town celebrated for its walkability, local galleries, and community events, this property benefits from Brandon’s growing reputation as a destination for both residents and visitors alike.
Annualized Financials
Built for Cash Flow
Vermont’s Housing Supply Imbalance
Vermont’s pastoral charm comes with one of the most acute housing shortages in the nation. Act 250 (1970) and town-by-town zoning made new development extraordinarily difficult, while net migration has accelerated demand over the last five years. The Vermont Housing Finance Agency estimates a shortfall of over 10,000 housing units statewide.
Deep Value for Investors
Vermont remains overlooked by professional investors due to its rural footprint and low population density — creating one of the strongest multifamily value plays in the United States. Class B multifamily cap rates in Vermont rank among the highest in the country, and replacement-cost economics make new construction unviable, protecting existing inventory.
Brandon — Artisan Town in the Center of It All
Brandon is celebrated for its historic architecture, walkable downtown, vibrant arts community, and central location between Rutland and Middlebury. The town’s growing reputation as both a residential and visitor destination underpins steady rental demand and long-term appreciation.
Schedule a Private Showing
Contact Michael Gilman, Managing Broker, to arrange a private tour or request the full financial package.