Multifamily Property for Sale in Barre, VT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Barre, VT 05641

Description

Marcus & Millichap is pleased to present the 3 Park Portfolio – Barre, VT The 51 unit manufactured housing community portfolio located across three communities in Barre, VT offers investors a rare opportunity to acquire cash-flowing, stabilized with upside through infill, responsible rent increases, and utility billbacks, portfolio in a high-demand market with strong demographics and limited affordable housing supply. These communities are situated proximate to the Burlington–South Burlington MSA, Vermont’s most populous region. The area benefits from consistent housing demand, low vacancy rates, and one of the strongest rental markets in the state. Burlington is anchored by institutions such as the University of Vermont and UVM Medical Center and is known for its high quality of life, progressive planning, and stable economy. Manufactured housing in this region serves a broad demographic range including working-class families, retirees, and residents priced out of the traditional housing market. The portfolio totals 51 units across three parks, with 49 tenants. There are 42 tenant-owned-homes (TOH), 4 rented park-owned homes (POH), 3 apartment units, and 2 vacant mobile home lots. Across the portfolio, average lot rent is $554/month. The POH rent averages $1,221/month. The apartment rent average is $1,006/month. Washington North and Pleasant View each have 1 vacant lot presenting immediate infill opportunity. The average expense ratio across the portfolio is approximately 45%, supporting strong net operating income performance and immediate cash flow. The properties are served by a mix of public and private utility infrastructure. Pleasant View and East Barre MHPs are on city water and sewer, while Washington North operates on private well and septic systems. All systems are actively maintained, with metering and billback improvements recently installed at East Barre. Trash is tenants responsibility at all parks. Road maintenance is managed by the park owner. The p

Market Context

This multifamily in Barre, VT is listed for sale. It is offered at an approximate 7.8% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 54 days. Compare it against other multifamily listings for sale in Barre, VT — <a href="/search/sale/multifamily/vermont/barre">view the full market</a>.

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