$2,500,000
PENDING $300K PRICE DROP

690-720 W Milton Rd Milton, VT 05468

Estimated payment $14,818/month

Total Views 7,400
16 Beds
8 Baths
7,680 Sq Ft
$326 Price per Sq Ft

Highlights

  • 10 Acre Lot
  • Forced Air Heating System
  • Level Lot
  • Wooded Lot

About This Home

Turnkey Investment Opportunity! This rare 10-acre multifamily portfolio includes five duplexes, each offering over 1,500 sq. ft. of heated space plus full basements. Each sub-unit features 2 bedrooms and 1 bath, ideal for consistent occupancy and easy management. The property is fully rented, with a resident manager on-site and all tenants on month-to-month agreements, allowing for immediate rent growth or repositioning. Well-maintained and privately owned since the 1970s, the complex has strong rental history and long-term tenants. Major improvements include new furnaces (2015–2016), oil tanks (2015–2017), vinyl siding (2007), steel roofs (2008), updated water system (2021), septic upgrade (2022), new well pump (2023), and new rear decks (2024–2025). The 11' x 11' pump house was rebuilt this month, ensuring smooth operations. Located in a quiet rural setting yet minutes to local amenities, schools, and major routes, this well-cared-for property offers the best of both worlds—privacy for tenants and convenience for management. With low vacancy history, strong demand, and room for future development or rent optimization, this is a rare chance to acquire a high-performing, low-maintenance portfolio positioned for long-term appreciation and reliable returns. With solid infrastructure, flexible tenancy, this is a proven, cash-flowing asset with significant upside potential for a stable, long-held multifamily property in a strong rental market.

Listing Agent

Blake Gintof

Signature Properties of Vermont Brokerage Email: jarahr@signaturepropertiesvt.com License #081.0134224 Listed on: 11/07/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,714

Year Built

  • Built in 1970

Lot Details

  • 10 Acre Lot
  • Property fronts a private road
  • Level Lot
  • Wooded Lot

Parking

  • Gravel Driveway

Home Design

  • Concrete Foundation
  • Block Foundation
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Property has 1 Level

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Schools

  • Milton Elementary School
  • Milton Jr High Middle School
  • Milton Senior High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Oil
  • Separate Meters
  • Private Water Source
  • Shared Water Source
  • Drilled Well
  • Septic Tank
  • Private Sewer
  • Cable TV Available

Community Details

Overview

  • 10 Units

Building Details

  • Gross Income $139,200
  • Net Operating Income $107,998

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,714

Year Built

Built in 1970

Lot Details

10 Acres

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1970
  • Display On Internet: Cable Internet
  • Architectural Style: Ranch
  • ResoLotFeatures: Country Setting, Level, Wooded
  • Road Frontage Type: Public
  • Attribution Contact: jarahr@signaturepropertiesvt.com
  • MLS Status: (30) Under Contract - Pending
  • Above Grade Finished Sq Ft: 7680.0
  • Unit Levels: One
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Basement_Access_Type: Interior
  • Separate_Utilities: Yes
  • Above_Grade_Unfinished_Area_Source: Assessor
  • Below_Grade_Unfinished_Area_Source: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 16
  • Basement: Full, Interior Entry, Interior Stairs, Unfinished
  • Basement YN: Yes

Exterior Features

  • Driveway: Gravel
  • Roof: Metal
  • Easements: Unknown
  • Construction Type: Wood Frame, Vinyl Siding
  • Foundation Details: Block, Concrete

Garage/Parking

  • Attached Garage: No

Utilities

  • Electric: Circuit Breakers
  • Sewer: 1000 Gallon, Private Sewer, Septic Tank
  • Heating: Oil, Forced Air, Hot Air
  • Cooling: None
  • Utilities: Cable, Phone Connected
  • Water Source: Drilled Well, Private, Shared

Schools

  • Elementary School: Milton Elementary School
  • High School: Milton Senior High School
  • Middle Or Junior School: Milton Jr High School

Lot Info

  • Surveyed: Unknown
  • Zoning: Res
  • Lot Size Acres: 10.0
  • Lot Size Sq Ft: 435600.0

Multi Family

  • Gross Income: 139200.0
  • Number Of Units Total: 10
  • Net Operating Income: 107998.27
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 21714.33

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2026 02/09/26 Pending -- -- --
12/03/2025 12/03/25 Price Changed $2,500,000 -10.7% $326 / Sq Ft
11/07/2025 11/07/25 For Sale $2,800,000 -- $365 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5068967

PrimeMLS
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