51 Andover Street Ludlow VT 05149 Multi Family $399,000

$399,000 | $168 per sq.ft. A 3 Unit Multi Family Home, in Ludlow VT With 1 - One Bedroom Units | 2 - Two Bedroom Units MLS# 5097396

Listed by The Nancy Jenkins Team Nancy Jenkins Real Estate on June 30th 2026
51 Andover Street Ludlow VT 05149

DESCRIPTION

Minutes from Okemo Mountain and the heart of Ludlow, this well-maintained triplex offers the perfect blend of Vermont lifestyle and strong investment performance. Listed at just over an 8.5% cap rate, the property features three units consisting of two 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Residents enjoy easy access to skiing, hiking, restaurants, shops, and the nearby park, making this an attractive location year-round. Thoughtfully maintained with a slate roof that is professionally inspected annually, a new Trex deck, and low-maintenance exterior finishes, ownership is designed to be as hassle-free as possible. Ample parking on both sides of the property provides added convenience for tenants and guests. Whether you're looking to expand your portfolio, live in one unit and rent the others, or capitalize on the area's four-season appeal, this property offers a rare opportunity in one of Vermont's premier recreational destinations. 3D Virtual Tours Available Upon Request.
Gross Income : $47700
Net Income: $

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UNIT 1 INFORMATION Beds: 2 Baths: 1 Rooms: 0 Sq.Ft.: 1140 Level: 1 Rent : 1550.00 Monthly Lease Term : Annual Signed Lease : Yes	UNIT 2 INFORMATION Beds: 2 Baths: 1 Rooms: 0 Sq.Ft.: 1100 Level: 2 Rent : 1500.00 Monthly Lease Term : Annual Signed Lease : Yes	UNIT 3 INFORMATION Beds: 1 Baths: 1 Sq.Ft.: 375 Rent : 925.00 Monthly Lease Term : Annual Signed Lease : Yes

CONSTRUCTION

Wood Frame | Year Built: 1900
No. of Floors:2.5
Total Sq.Ft. Finished: 2370
Above Grade Sq.Ft.: 2370
Apx Below Grade Unfinished Sq.Ft.: 979
Price Per SQ.FT. 168.35
Basement: Unfinished
Heating: Oil | Baseboard | Electric
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available
Electric Meters: 4

Style: Multi-Family
Roof: Slate
Water: Public
Sewer: Public
Seasonal: No

LAND LOT INFORMAITION

Lot Description: Ski Area | In Town | Near Skiing
Lot size: 0.17 acres
Zoned: Residential
Surveyed: Unk
Flood Zone: No
Driveway: Paved

PROPERTY INFORMATION

Taxes $4,206

AREA INFORMATION

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