Last Sold Price
4 beds1,737 sqft$134/sqft
38-40 Ritchie Ave, Milton, VT 05468

Description

Chittenden County Investment Opportunity - side by side townhouse style duplex with ample parking located on a quiet street. Both units feature 2 bedrooms, private entrances, 1 full bath, and two stories of living. The kitchens are large enough to accomadate a dining room table with a private side deck. Recent upgrades include vinyl plank flooring and newer bathrooms. Private backyard, each unit rents for $1,150 per month with separate heat and electricity. 7.38% cap rate.Chittenden County Investment Opportunity - side by side townhouse style duplex with ample parking located on a quiet street. Both units feature 2 bedrooms, private entrances, 1 full bath, and two stories of living. The kitchens are large enough to accomadate a dining room table with a private side deck. Recent upgrades include vinyl plank flooring and newer bathrooms. Private backyard, each unit rents for $1,150 per month with separate heat and electricity. 7.38% cap rate.
LISTING CLOSED: 03/13/2018 12:00 AM

  1. Listed by Nick Riina • Rossi & Riina Real Estate

Sold By KW Vermont

Property Details for 38-40 Ritchie Avenue

Status
MLS #
4674338
Days on Market
6
Taxes
$4,165 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1981
Lot Size
0.29 AC / 12,632 SF
Zoning
R1

Recent comparable sales

Median sold price

$300,000

Avg days on market

28

Sale-to-list ratio

96.6%

[Milton, VT]

9 comparable properties found

$311,000 | 10-12 Lamoille Terrace, Milton, VT 05468
1/49
1

$311,000

Sold 05/15/26

4
Bedrooms
1,800
Square Feet
0.59
Acres
$170,000 | 11 Mansfield Road, Milton, VT 05468
1/25
2

$170,000

Sold 05/29/25

4
Bedrooms
1,508
Square Feet
0.1
Acres
$300,000 | 70 Railroad Street, Milton, VT 05468
1/31
3

$300,000

Sold 10/11/24

3
Bedrooms
1,422
Square Feet
0.53
Acres
$539,900 | 21 Railroad Street, Milton, VT 05468
1/36
4

$539,900

Sold 05/04/26

4
Bedrooms
3,200
Square Feet
0.25
Acres
$198,000 | 425 Taylor Street, Milton, VT 05468
1/33
5

$198,000

Sold 06/05/26

3
Bedrooms
1,568
Square Feet
Unavailable
Acres
$445,000 | 77 Hobbs Road, Milton, VT 05468
1/33
6

$445,000

Sold 04/17/26

4
Bedrooms
1,920
Square Feet
0.5
Acres
$300,000 | 103-107 Orchard Row, Milton, WI 53563
7

$300,000

Sold 07/11/25

4
Bedrooms
1,600
Square Feet
0.24
Acres
$305,000 | 224 West Milton Road, Milton, NY 12020
1/32
8

$305,000

Sold 03/05/25

4
Bedrooms
1,560
Square Feet
1.64
Acres
$277,070 | 68 Railroad Street, Milton, VT 05468
1/41
9

$277,070

Sold 07/28/26

3
Bedrooms
1,396
Square Feet
0.44
Acres

Location

Add your commute

Building Information for 38-40 Ritchie Avenue

Stories2Residences2Year Built1981Building Size-Lot Size0.29 AC / 12,632 SF

Payment Calculator

$1,526 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,179

Property Taxes

$347

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 38-40 Ritchie Avenue

Summary
Location and General Information
  • City: Milton
  • County: VT-Chittenden
  • Directions: 189 to Exit 17, take Route 7 north for 5.4 miles, Ritchie Ave on your left, property on your left - see sign.
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Avenue
  • Zip: 05468
Taxes and HOA Information
  • Tax Expenses: $4,164.00
  • SPAN Number: 396-123-13992
  • Tax - Gross Amount: $4,164.63
  • Tax Year: 2018
  • Taxes TBD: No
School Information
  • School - High: Milton Senior High School
  • School - District: Milton
  • School - Elementary: Milton Elementary School
  • School - Middle/Jr: Milton Jr High School
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 12632.0
  • Lot Size Acres: 0.29
  • Road Frontage Length: 20.0
  • Square Feet Apx Finished Above Grade: 873.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 864.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 1737.0
  • Square Feet Apx Total Finished: 1737.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 0.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Easements: Yes
  • Flood Zone: No
  • Foundation: Block
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1981
Utilities
  • Electric Company: GMP
  • Cable Company: Comcast
  • Fuel Company: Choice
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Total Gas Meters: 2
  • Total Electric Meters: 2
  • Separate Utilities: Yes
Interior and Exterior Features
Exterior Features
  • Color: yellow
  • Roads: Paved
  • Roof: Shingle
  • Total Ranges: 2
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Full
  • Total Full Baths: 2
  • Heat Fuel: Gas - LP/Bottle
  • Heating: Wall Furnace
  • Cooling: None
  • Total Refrigerators: 2
  • Total Rooms Above Ground: 4
  • Total Stories: 2
  • Total Water Heaters: 2
Multi Family
Income & Expenses Information
  • Gross Income: $27,600.00
  • Expenses - Annual: $10,265.00
  • Expenses - Insurance: $1,988.00
  • Expenses - Management: $.00
  • Expenses - Heat: $0
  • Expense - Utility: $0
  • Expenses - Maintenance: $1,200
  • Expenses - Snow: $1,080
  • Net Income: $17,334.00
  • Expenses - Trash: $633.00
  • Expenses - Water: $1,200.00
  • Expenses - Miscellaneous: $.00
  • Operating Expense Incl: Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $10,265
Multi-Family Information
  • Total Units: 2
  • Total 1 BR Units: 0
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 0
  • Total Heat Units: 2
Unit Information
Unit 1
  • Unit 1 Style: townhouse
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Rental Agremnt: Yes
  • Unit 1 Lease Term: Annual
  • Unit 1 Level Number: 38
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Apx Sqft: 864.0
  • Unit 1 Rooms: 4
  • Unit 1 Rental Amount: $1,150.00
  • Unit 1 Tenant Pays: Electric, Heat
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Style: townhouse
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 4
  • Unit 2 Rental Agremnt: Yes
  • Unit 2 Status: Leased
  • Unit 2 Level Number: 40
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Apx Sqft: 864.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,150.00
  • Unit 2 Tenant Pays: Electric, Heat
Rental
Rent Information
  • Total Leases: 2

Property History for 38-40 Ritchie Avenue

DateEvent & SourcePriceAppreciation
Mar 13, 2018

Sold

New England Real Estate Network #4674338

$232,000
Jan 30, 2018

Pending

New England Real Estate Network #4674338

Jan 24, 2018

Listed (Active)

New England Real Estate Network #4674338

$235,000
DateEvent & SourcePrice
03/13/2018

Sold

New England Real Estate Network #4674338

$232,000
01/30/2018

Pending

New England Real Estate Network #4674338

01/24/2018

Listed (Active)

New England Real Estate Network #4674338

$235,000

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

Public Records for 38-40 Ritchie Avenue

Taxable ValueLand$78,700Additions$193,800Total$272,500
Tax Record2023$4,913 ($409 / month)
Home Facts
Beds2Total Finished SqFt873 SqFtAbove Grade Finished SqFt873 SqFtUnfinished Basement SqFt116 SqFtStories1Lot Size12,632 SqFtStyleSingle Family ResidenceYear Built1981CountyCHITTENDENAPN(123) 132010.001000

Schools near 38-40 Ritchie Avenue

This home is within Milton School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Milton Elementary School
PublicPK to 4

Milton Middle School
Public5 to 8

Milton Senior High School
Public9 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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 38-40 Ritchie Avenue, Milton, VT 05468
$232,000
4
1,737
12,632
$232,000
2
873
12,632
5
1,728
$303,400
4
873
54,450
$455,000
3
1,485
21,780
$129,000
2
850
21,780

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Rossi & Riina Real Estate

Copyright 2026 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 08/13/2026 04:14 PM