Unique 13 unit apartment complex located at Chipman Park in the center of Middlebury. Three separate buildings consisting of a mix of 1, 2 & 3 bedroom apartments. This turn-key opportunity for the smart investor yields an attractive cap rate, low maintenance buildings and excellent occupancy history. Owned and impeccably maintained by the current owner for over 40 years. This is a rare opportunity to purchase this complex that is located just off the Middlebury College campus and blocks to the center of Town. Solid CAP rate and never any vacancy.

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Tax Information

Tax Year2021

Building

Year Built1964
Building ConstructionWood Frame, Vinyl Siding
StyleMulti-Family
Units13
# of 1 Bedrooms6
# of 2 Bedrooms6
# of 3+ Bedrooms1
BasementStorage Space
FoundationConcrete

Exterior

RoofShingle

Amenities

PricePerSqFt226.45

Basic Information

Virtual TourView Tour
StatusSLD
List Price$2,300,000
Date Price Change08/02/2021
MLS Number4875516
MLS StatusClosed
Sale Date12/01/2021

Interior

FloorsHardwood, Tile, Vinyl
Interior AmenitiesTrash Removal

Utilities

Heat SystemElectric
WaterPublic
Water HeaterElectric Water Heater, Owned Water Heater
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable Available

Location

TownMiddlebury
StateVT
Zip05753
CountyAddison
ZoningRes
Address84 Benedict Lane
Flood Zone Y/NUnknown

Property

Acreage0.96
GarageNo
Parking Spaces
Lot DescriptionCity Lot
Square Feet8,832
APX Fin AG Sqft8,832
RoadsPublic
AreaVT-Addison

Other

Taxes$19,295.28
Seasonal Y/NNo
Operating Expenses31915
Date Listed08/02/2021
View Count107

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 May 20, 2026 8:22 PM EDT

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