List Price: $475,000 | $115 per sq.ft. Multi Family
Price Change! Reduced by $75,000 down 16% on July 22nd 2026
A 8 Unit Multi Family Home
With 2 One Bedroom Units , 3 - Two Bedroom Units ,3 - Three Bedroom Units
Date Listed Thursday Apr 30, 2026 | MLS# 5086282
Price Change! Reduced by $75,000 down 16% on July 22nd 2026
A 8 Unit Multi Family Home
With 2 One Bedroom Units , 3 - Two Bedroom Units ,3 - Three Bedroom Units
Date Listed Thursday Apr 30, 2026 | MLS# 5086282
To see this Listing
Address: 33 Oak Street Brattleboro VT
Listed by Kate Barry EXP Realty Phone: 603-547-0852
Description:
This is a rare opportunity to take over a multi-family redevelopment project in the heart of Brattleboro. Situated on a 0.40-acre site, the property features a vacant three-story building that has already been gutted and fully remediated for lead paint. With municipal zoning approvals already in place to expand from 8 to 13 units and full architectural plans included with the sale, the time-consuming planning and permitting phase is behind you. Upon completion, the complex will offer roughly 11,183 square feet of high-demand housing in a neighborhood characterized by strong rental demand and near-zero vacancy. The financial incentives lined up for this project provide substantial non-dilutive equity. The purchase includes access to $317,500 in VHIP funds ($130,000 for the 8 original units and $187,500 for the 5 expansion units), a $125,000 Downtown State Tax Credit that can be utilized directly or sold to a lender at 90% face value, and an estimated $60,000 in weatherization incentives. A recent appraisal strongly supports a robust finished valuation, offering a clear path to equity. The project is also well-suited for a phased renovation approach, allowing units to be completed and leased in stages to generate immediate cash flow during construction. The seller is motivated and open to creative financing options for qualified buyers. This is a unique chance to transform a prime downtown parcel into a vibrant, high-yield community asset with enthusiastic neighborhood backing. Complete project documentation, including architectural plans as well as as-is and as-completed appraisals, is available in a shared data room. Proof of funds or a commercial pre-approval is required prior to scheduling a showing or receiving the full diligence file.
Annual Expenses
Taxes: $11,956
Taxes: $11,956
Income
Construction: Wood Frame
Year Built: 1860
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 9232
Above Grade Sq.Ft.: 4116
Basement: Dirt Floor | Full
Year Built: 1860
Style: Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 9232
Above Grade Sq.Ft.: 4116
Basement: Dirt Floor | Full
Roof: Corrugated | Metal | Slate
Seasonal: No
Seasonal: No
Heating: Oil | Hot Water
Cooling: None
Electric: Circuit Breaker(s) | Knob and Tube
Utilities: None
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s) | Knob and Tube
Utilities: None
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Level
Lot size: 0.4 acres
Zoned: RM / M)
Surveyed: Unk
Flood Zone: No
Road Frontage: 82
Driveway: Gravel
City Lot | Level
Lot size: 0.4 acres
Zoned: RM / M)
Surveyed: Unk
Flood Zone: No
Road Frontage: 82
Driveway: Gravel
Additional Information
Taxes $11,956
Assesed Value Not Reported
Taxes $11,956
Assesed Value Not Reported
Schools
