340 Pleasant St · Bennington, VT 05201

$215,000

3 bd · 2.0 ba · 1,300 sqft · MultiFamily public records · 51 Days on market

Built 1930 3,049 sqft lot ↓ 3% since listing

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Schools +5.0/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 2 units. confirmed

Listing remarks

Downtown Bennington duplex offering an excellent opportunity for first-time homebuyers, owner-occupants, or investors. The first-floor unit has been completely renovated with a new kitchen, updated bathroom, and new flooring throughout. Recent improvements include a repointed foundation, fully completed siding, a new roof, and a gravel driveway. Live in one unit and help offset your mortgage with rental income from the other, or continue using the property as an investment. Appears well suited for FHA, VA, USDA, and conventional financing. Conveniently located near shopping, dining, schools, medical facilities, and other everyday amenities in downtown Bennington. Bennington continues to ben

Key facts

• New kitchen
• New flooring
• Completely renovated

Tags

• COMPLETELY RENOVATED
• NEW KITCHEN
• UPDATED BATHROOM
• NEW FLOORING
• REPOINTED FOUNDATION
• FULLY SIDED EXTERIOR

Property features AI

Finance

• Financial info: Two-unit building (one 2-bed unit and one 1-bed unit)

Exterior

• Parking: Gravel driveway
• Utilities: Public sewer; Public water; Circuit breaker electrical service; Fiber optic internet available; Telephone service available; Electric service by Green Mountain Power; Fuel delivery from Greene's Oil
• Home design: Multi-family property; Existing construction; Beige exterior color; Built in 1930
• Construction: Wood frame construction; Shingle roof; Unfinished basement (stairs access)
• Exterior features: Corner lot; Level lot; Neighborhood setting; Near hospital; Gravel driveway; Shingle roof

Interior

• Kitchen: Water heater owned
• Bedrooms: One 2-bedroom unit (level 1); One 1-bedroom unit (level 2)
• Flooring: Vinyl plank; Wood
• Bathrooms: Two full bathrooms (one in each unit)
• Heating & cooling: Oil-fired forced air heating; No central cooling
• Interior features: Unfinished basement with interior access via stairs

What this means for you Summary

Snapshot

• This is a 2 × 3-bed/2.0-bath units multifamily listed at $215k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive. Per door: $603/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $215k).
• Recommended offer: $209k (3.0% below list) — sets the bar for market timing.
• Cap rate 15.4% vs local median 5.4% in Bennington — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 64/100 on livability (#63 in VT) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, cost of living A; Watch: employment C-, crime D, schools F.
• Market conditions: 65 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 59 units permitted in Bennington County in 2024 (0 in 5+ unit buildings).
• At $3,787/mo this rent would consume 76% of the median local household income ($60k/yr) (locally 982% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Bennington County population projected at -23% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $60k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 51 days — a 3% lower offer ($209k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo; built in 1930 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 51 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1930 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.76% ✓
• Cap rate: 15.40%
• Cash-on-cash: 32.54%
• DSCR: 2.45
• GRM: 4.7

CMA / ARV

• ARV (on-the-fly): $80,600
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
210 Division St	0.23mi	3/1.0	1,220 (-6%)	22mo	$60,000	$49	56
315 County St	0.51mi	3/2.0	1,286 (-1%)	22mo	$80,000	$62	56
400 South St	0.50mi	3/3.0	1,461 (+12%)	10mo	$278,000	$190	43

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 17.3%
• Equity multiple: 1.70×
• Total profit: $42,213
• Equity at exit: $32,057

10-year hold

• IRR: 25.9%
• Equity multiple: 3.27×
• Total profit: $136,645
• Equity at exit: $18,589

Cash invested: $60,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 41 Moderately Tenant-Leaning
• State Vermont: 41 Moderately Tenant-Leaning · D+15
• County: — inherits STATE
• City: — inherits STATE

Just-cause in Burlington (2022); strong habitability.

Methodology + full state rankings →

ZIP-level market 05201

• Home prices YoY: -19.3%
• Active inventory: 65
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $3,787 medium
• Mortgage (P&I): −$1,127
• Tax from tax record: −$142 /mo · $1,705/yr
• Insurance: −$90
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$795
• Net cashflow: $1,206

Break-even live

Break-even rent $2,260

Max offer price $215,000

Occupancy floor 63%

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	3	2	$3,788
Total (2 units)			$3,787

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
34 West Rd Bennington, VT	2.0	1.0	1590	$2,100	$1.32	19d	1	1.43mi

Listing history 18 events

1. 2026-06-19
   days on market $215,000 Active 51 DOM
2. 2026-06-18
   days on market $215,000 Active 50 DOM
3. 2026-06-17
   days on market $215,000 Active 49 DOM
4. 2026-06-16
   days on market $215,000 Active 48 DOM
5. 2026-06-15
   days on market $215,000 Active 47 DOM
6. 2026-06-14
   days on market $215,000 Active 45 DOM
7. 2026-06-12
   days on market $215,000 Active 44 DOM
8. 2026-06-09
   days on market $215,000 Active 41 DOM
9. 2026-06-08
   days on market $215,000 Active 40 DOM
10. 2026-06-07
    days on market $215,000 Active 39 DOM
11. 2026-06-07
    days on market $215,000 Active 38 DOM
12. 2026-06-04
    pricedays on market $215,000 Active 35 DOM
13. 2026-06-02
    days on market $229,000 Active 34 DOM
14. 2026-06-01
    days on market $229,000 Active 33 DOM
15. 2026-05-31
    days on market $229,000 Active 32 DOM
16. 2026-05-31
    days on market $229,000 Active 31 DOM
17. 2026-05-13
    price $229,000
18. 2026-04-29
    listed $235,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VT · Partial reset (capped growth)

• Current annual tax: $1,705 · $142/mo
• Projected year-2 tax: $2,895 · $241/mo
• Expected delta: +$1,190/yr (+$99/mo · 69.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone AE · 71% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥92°F today · 17 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 6% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 0 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $45,444
• − Mortgage interest: −$12,043
• − Property taxes: −$1,705
• − Insurance: −$6,194
• − Repairs & maintenance: −$3,636
• − Management: −$3,636
• − Depreciation: −$6,255
• Taxable income: $11,976
• Est. tax owed @ 24.0%: −$2,874
• After-tax cash flow: $11,598/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

No district data.

Livability — Bennington

• Score: 64/100
• State rank: #63
• US rank: #14446

Category grades

Amenities F Commute F Cost of living A Crime D Employment C- Housing A+ Health & safety A+ User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bennington, VT
• County: Bennington County · 14,998 people
• City population: 14,998
• Metro: Bennington, VT
• Population (ZIP): 14,998
• Household income: $59,798
• Rent vs Own: 39.1% rent · 60.9% own
• Severe rent burden: 982.0

Population outlook (Bennington County) Hauer SSP2

• Today (2025): 34,407 people
• By 2030: 32,975 · -4.2%
• By 2040: 29,711 · -13.6%
• By 2050: 26,638 · -22.6%
• By 2075: 21,318 · -38.0%
• By 2100: 16,086 · -53.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Lithuanian 10% Slovak 7% Romanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Bennington

• 2024 margin: Strong D (+22.5) · D 60.0% · R 37.5% · Other 2.6%
• 2008→2024 swing: -10.9pp toward R · 2008: 33.4pp · 2024: 22.5pp
• All cycles: 2024: D+22.5 2020: D+27.3 2016: D+22.1 2012: D+33.3 2008: D+33.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -60.78%
• Current HPI: 254.5149
• Rent YoY: —
• Metro: Bennington, VT
• State GDP YoY: —
• F500 in state: 0

Price history

-2.6% since first listed

2 events — show timeline

• 2026-05-13 Price Changed $229,000 PrimeMLS
• 2026-04-29 Listed $235,000 PrimeMLS

Property tax history

+6.9%/yr

Latest (2024): $1,705 · +9.6% YoY. Source: county tax records.