1963 Forestdale Rd, Brandon, VT 05733

Rarely available turnkey triplex (3x 2BR/1BA) in the vibrant artisan town of Brandon, Vermont. Fully leased and recently updated throughout, the property delivers a 10%+ cap rate and $43,917 NOI on $59,400 of gross annual rent, with all three units on active long-term leases.

Each unit has its own in-unit washer/dryer, and tenants cover all utilities, keeping operating expenses low (approximately $15,483/yr). The 1+ acre lot includes a detached garage/barn that generates additional rental income and offers room for future housing development - the town is supportive of added housing.

This is an ideal opportunity for an investor seeking stable cash flow or a buyer looking to house-hack. Brandon offers historic architecture, a walkable downtown, a vibrant arts community, and a central location between Rutland and Middlebury, supporting steady rental demand.

Vermont multifamily remains overlooked by professional investors relative to other markets, creating strong value. The state faces a structural housing shortage (a statewide shortfall exceeding 10,000 units per the Vermont Housing Finance Agency), while high replacement costs make new construction economically unviable - protecting existing inventory and supporting durable, above-average returns.