1675 Highway 5

Fairlee, VT 05045

$863,000
Price
—
Beds
4,103 Sq. Ft.
$210 / Sq. Ft.
4,103
Sq. Ft.
$210
per Sq. Ft.

Description

Excellent investment opportunity in the Upper Valley! This well-maintained multifamily property features two buildings on one parcel, offering a total of eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit, providing a diverse range of housing options with strong rental demand. Conveniently located just 22 minutes from Hanover, NH, this property combines accessibility with a country setting. The buildings...Excellent investment opportunity in the Upper Valley! This well-maintained multifamily property features two buildings on one parcel, offering a total of eight residential units and two rented storage spaces. The unit mix includes four studios, three one-bedroom apartments, and one two-bedroom unit, providing a diverse range of housing options with strong rental demand. Conveniently located just 22 minutes from Hanover, NH, this property combines accessibility with a country setting. The buildings sit on a spacious lot with a large backyard, creating privacy and outdoor enjoyment for tenants. Recent upgrades (2020) include new windows, all-new plumbing supply lines, pressure tank, water softener, added insulation, four new kitchens, four new Rinnai heaters, and improvements to a relatively new septic system, ensuring efficient and low-maintenance operation for years to come. Tenants pay their own electric, and six of the eight units pay their own heat, keeping owner expenses minimal. The property also features on-site coin-operated laundry for tenant convenience. This is a turnkey investment with a strong income stream and proven rental history—perfect for investors seeking stable returns in a desirable Upper Valley location. Listing agent has an ownership interest in the property.
  1. Listed by Loren Wehmeyer • Tesla Realty Group, LLC

Property Details for 1675 Highway 5

Zoning
Mixed use
LISTING UPDATED: 11/10/2025 06:15 PM

Property Details for 1675 Highway 5

StatusActive
MLS #5069106
Days on Market40
Taxes$6,125 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1954
Lot Size2.00 AC / 87,120 SF
CountyOrange County

Location

Listing Courtesy of Tesla Realty Group, LLC
Add your commute

Building Information for 1675 Highway 5

Stories1Residences8Year Built1954Building Size-Lot Size2.00 AC / 87,120 SF

Payment Calculator

$4,775 per month

30 year fixed, 6.28% Interest

Principal and Interest

$4,264

Property Taxes

$510

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1675 Highway 5

Summary
Location and General Information
  • City: Fairlee
  • County: VT-Orange
  • Directions: Located south of Fairlee, between Oak Lane and Newton's. The GPS may say East Thetford or the GPS may say Fairlee. Both will bring you to the correct location (1675 US Route 5 South). The buildings are yellow.
  • Latitude: 43.888002000001002
  • Longitude: -72.173434999999998
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Zip Code: 05045
Taxes and HOA Information
  • SPAN Number: 219-071-10625
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Garage Capacity: .00
  • Driveway: Gravel
Property
Lot Information
  • Lot Features: Level
  • Lot Size Acres: 2.0
  • Road Frontage Length: 300.0
Property and Assessments
  • Current Use: No
  • Assessment Amount: $334,400
  • Assessment Year: 2025
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1954
Utilities
  • Electric Company: Green Mountain Power
  • Cable Company: Comcast
  • Fuel Company: Eastern/Dead River
  • Electric: Circuit Breaker(s)
  • Sewer: Septic
  • Water Source: Drilled Well
  • Utilities: Cable at Site, Phone, Propane, Satellite
  • Total Gas Meters: 6
  • Total Electric Meters: 9
  • Separate Utilities: Varies
  • Internet: High Speed Intrnt Avail
Interior and Exterior Features
Exterior Features
  • Color: Yellow
  • Construction Materials: Concrete Exterior
  • Roof: Metal
  • Total Ranges: 8
Interior Features
  • Appliances: Electric Water Heater, Water Heater off Boiler
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Basement Stairs, Exterior Access, Gravel, Insulated, Unfinished
  • Total Full Baths: 8
  • Heating: Propane, Oil, Baseboard, Hot Water, Individual
  • Cooling: None
  • Total Refrigerators: 8
  • Total Rooms Above Ground: 9
  • Total Stories: 1
  • Total Water Heaters: 3
  • Trash: Dumpster
Multi Family
Income & Expenses Information
  • Gross Income: $97,050.00
  • Net Income: $75,211.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Sewer, Snow Removal, Trash, Utilities, Water, Water/Sewer
  • Operating Expense: $21,839
Multi-Family Information
  • Total Units: 8
  • Total 1 BR Units: 7
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 0
  • Total Heat Units: 7
Rental
Rent Information
  • Total Leases: 10

Property History for 1675 Highway 5

DateEvent & SourcePriceAppreciation
Nov 10, 2025

Listed (Active)

New England Real Estate Network #5069106

$863,000—
Feb 4, 2019

Sold (Public Record)

Public Record #638946029

$185,000

-3.0% / yr

Jan 31, 2019

Sold

New England Real Estate Network #4719381

$185,000—
Sep 19, 2018

Listed (Active)

New England Real Estate Network #4719381

$194,900—
Sep 10, 2018

Expired

New England Real Estate Network #4653904

—
Aug 14, 2017

Listed (Active)

New England Real Estate Network #4653904

$224,900—
Mar 1, 2017

Expired

New England Real Estate Network #4472363

—
Feb 22, 2016

Listed (Active)

New England Real Estate Network #4472363

$297,500—
Mar 11, 2009

Sold (Public Record)

Public Record #594364399

$250,000—
Mar 11, 2009

Sold

New England Real Estate Network #2732450

$250,000—
Jul 11, 2008

Price Change

New England Real Estate Network #2732450

$289,900—
Jul 11, 2008

Listed (Active)

New England Real Estate Network #2732450

$275,000—
DateEvent & SourcePrice
11/10/2025

Listed (Active)

New England Real Estate Network #5069106

$863,000
02/04/2019

Sold (Public Record)

Public Record #638946029

$185,000

-3.0% / yr

01/31/2019

Sold

New England Real Estate Network #4719381

$185,000
09/19/2018

Listed (Active)

New England Real Estate Network #4719381

$194,900
09/10/2018

Expired

New England Real Estate Network #4653904

—
08/14/2017

Listed (Active)

New England Real Estate Network #4653904

$224,900
03/01/2017

Expired

New England Real Estate Network #4472363

—
02/22/2016

Listed (Active)

New England Real Estate Network #4472363

$297,500
03/11/2009

Sold (Public Record)

Public Record #594364399

$250,000
03/11/2009

Sold

New England Real Estate Network #2732450

$250,000
07/11/2008

Price Change

New England Real Estate Network #2732450

$289,900
07/11/2008

Listed (Active)

New England Real Estate Network #2732450

$275,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1675 Highway 5

Taxable ValueLand$97,500Additions$236,900Total$334,400
Home Facts
Lot Size87,120 SqFtStyleMulti-Family Res (5+ Units)CountyORANGEAPN(071) 0000803039000

Schools near 1675 Highway 5

This home is within Rivendell Interstate School District.
Rating
School
Type
Grades
Distance
Samuel Morey Elementary School
Public - PK to 5
Rivendell Academy
Public - 6 to 12
Rating
School
Distance
Samuel Morey Elementary School
PublicPK to 5

Rivendell Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1675 Highway 5, Fairlee, VT 05045

1675 Highway 5 is a multi-family home for sale in Fairlee, VT 05045. This property was listed for sale on November 10, 2025 by Tesla Realty Group, LLC, it's currently listed at $863,000. It has been on the market for a total of 40 days and was last sold on February 4, 2019. This listing's school district is Rivendell Interstate School District. Nearby schools include Samuel Morey Elementary School and Rivendell Academy. 1675 Highway 5 is a 0-bed, 8-bath, 4,103 sqft multi-family home built in 1954.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tesla Realty Group, LLC

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/20/2025 03:38 PM