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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. †
Property Location
51 Andover Street Ludlow
Property Details
List Price 399,000
Bedrooms 5
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 3
Year Built 1900
MLS# 5097396
Lot Size 0.17 Acres
Taxes $4,206
Type Multi-Family
Days on Market 12 Days
Tax Year 2025
Units 3
Stories 1/2/1900
Road Frontage
Annual Income $47,700
Style
Water Frontage
Annual Expenses $0
Finished 2,370 Sqft
Construction No, Existing
Zoning Residential
Above Grade 2,370 Sqft
Seasonal No
Total Rooms 5
Below Grade 0 Sqft
List Date Jun 30th, 2026
Gross Income $47,700
Operating Expenses $0
Net Income $34,207
Expenses Includes
Unit 1 2 Beds, 1 Baths, 1,140 SqFt, $1,550/Monthly
Unit 2 2 Beds, 1 Baths, 1,100 SqFt, $1,500/Monthly
Unit 3 1 Beds, 1 Baths, 375 SqFt, $925/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior
Disability Features
Foundation
House Color
Floors Carpet
Building Certifications
Roof Slate
HERS Index
Directions
Lot Description, Near Skiing
Garage & Parking No
Road Frontage
Water Access
Driveway Paved
Water Type
Flood Zone No
Water Body
Zoning Residential
School District NA
Middle
Elementary
High
Heat Fuel , Electric, Oil
Excluded
Heating/Cool None, Baseboard
Negotiable
Sewer Public
Parcel Access ROW
Water
ROW for Other Parcel
Water Heater
Financing
Cable Co
Documents
Electric Circuit Breaker
Tax ID 363-112-12746
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† The remarks published on this webpage originate from Listed By The Nancy Jenkins Team of Nancy Jenkins Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
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