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Battell Block 10 Merchants Row 41 Unit Apartment Building $9,565,000 ($233,293/Unit) 7.52% Cap Rate Middlebury, VT 05753

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INVESTMENT HIGHLIGHTS

  • Cash flowing Crown Jewel Property
  • Energy Efficient heating and cooling systems
  • Ample Natrual Light

EXECUTIVE SUMMARY

The Battell Block in Middlebury is the cornerstone of the downtown. It offers tenants quick access to local amenities and is only a 5-minute walk to the Middlebury College campus. Enjoy a stroll down Main Street to the local bank, library, the Marquis movie theater, shops, restaurants and colleges. With quick access to Route 7 and other major highways, sidewalk seating, and the town park directly across the street, Battell Block is truly the best located property in town. 

The historic Battell Block building has long been a landmark presiding over downtown Middlebury and the Otter Creek. It was originally built with the vision of being a 'major commercial center' and has since been modernized, with 28,000 +/- SF of commercial space and 33 newly renovated loft, one- and two-bedroom apartments. The Battell Block Residences pay homage to the original historic motifs, while providing fresh, modern upscale apartments and convenient downtown living. With apartments overlooking beautiful downtown Middlebury and the dramatic Otter Creek, the Battell Block Residences and Commercial Spaces offer a true taste of Middlebury, both past and present.

PROPERTY FACTS

Price $9,565,000
Price Per Unit $233,293
Sale Type Investment
Cap Rate 7.52%
No. Units 41
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.96 AC
Building Size 68,200 SF
No. Stories 3
Year Built/Renovated 1900/2017
Parking Ratio 0.01/1,000 SF
Zoning Commercial - Commercial

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 7 - 352 - 465
1+1 15 - 490 - 1,766
2+1 8 - 741 - 1,520
2+2 1 - 1,068
Walk Score®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
387-120-10185
Land Assessment
$381,000
Improvements Assessment
$4,072,300
Total Assessment
$4,453,300
  • Listing ID: 37270555

  • Date on Market: 8/14/2025

  • Last Updated:

  • Address: 10 Merchants Row, Middlebury, VT 05753

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