Property Details
Basic Information
- MLS Number: 5069106
- List Price: $863,000
- Lot Description: Level
- Date Listed: 11/10/2025
- Units: 8
- Description: 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.
Building
- Acreage: 2
- Square Feet: 4,103
- Year Built: 1954
- Zoning: Mixed use
- Roof: Metal
- Building Construction: Concrete Exterior
- Foundation: Block
Location
- County: Orange
- Town: Fairlee
Finance
- Taxes: $6,125.34
Interior Features
Basement
- Basement: Gravel, Insulated, Unfinished, Exterior Access, Basement Stairs
Exterior Features
Exterior Features
- Exterior Color: Yellow
Utilities and Appliances
Utilities and Appliances
- Utilities: Cable at Site, Propane, Satellite, Phone
Community
Schools
- Elementary School: Samuel Morey Elementary
- High School: Rivendell Academy
Amenities
- Other Amenities: Basement
Other Details
Water
- Water: Drilled Well