OFF MARKET

Listed by Nick Riina • 802 Real Estate. Bought with KW Vermont.

Off Market Mar 2018 for $232K

—

Est. refi paymentEst. refi $1,461/mo

•

1,900

sq ft

38-40 Ritchie Ave, Milton, VT 05468

About this home

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.

Multi-familyProperty Type

1981Year Built

0.29 acresLot Size

$122Price/Sq.Ft.

Listed by Nick Riina • 802 Real Estate

Bought with Jonathon Templeton • KW Vermont

Redfin checked: 2 minutes ago

•Source:PrimeMLS #4674338

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 05468, VT

Last updated July 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

101.1%

+0.7% MoM

Median sale price

$510K

$65K MoM

Avg. days on market

34d

4 days MoM

Recently sold homes

3 MoM

New listings for sale

NEW 4 HRS AGO
$339,900
2 beds2 baths1,040 sq ft
7 Willys Ln #106, Milton, VT 05468
3D WALKTHROUGH
$379,000
3 beds2.5 baths1,584 sq ft
38 Middle Rd, Milton, VT 05468
$375,000
3 beds1 bath1,148 sq ft
105 Sandy Birch Rd, Milton, VT 05468
$424,900
3 beds2.5 baths1,760 sq ft
236A Ledgewood Ln, Milton, VT 05468
FOR SALE BY OWNER
$476,000
3 beds2 baths1,512 sq ft
10 Andrea Ln, Milton, VT 05468
3D WALKTHROUGH
$630,000
3 beds3 baths2,387 sq ft
115 Horseshoe Cir, Milton, VT 05468
$498,000
3 beds2 baths2,176 sq ft
106 Route 7 N, Milton, VT 05468
$649,900
4 beds2.5 baths1,800 sq ft
Oakledge Way Lot 2, Milton, VT 05468
$849,900
4 beds2.5 baths2,000 sq ft
Oakledge Way Lot 1, Milton, VT 05468
$90,000
3 beds1 bath924 sq ft
25 Owen Ct, Milton, VT 05468
See all

Provided by Redfin

Sale history for 38-40 Ritchie Ave

Date

Event

Price

PrimeMLS #4674338

Mar 13, 2018

Sold

$232,000

$122/sq ft

Jan 30, 2018

Pending

—

Jan 24, 2018

Listed

$235,000

$124/sq ft

PrimeMLS #3025350

Jul 7, 2006

Sold

$199,000

$105/sq ft

Feb 9, 2006

Listed

$215,000

$113/sq ft

PrimeMLS #3094083

Jul 23, 2004

Sold

$179,900

$95/sq ft

Mar 19, 2004

Listed

$179,900

$95/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,795 (−3.7%)

$78,700 + $193,800

$272,500

2024

$3,942 (+11.3%)

$78,700 + $193,800

$272,500

2023

$3,541 (−28.3%)

$78,700 + $193,800

$272,500

2022

$4,939 (+8.9%)

$78,700 + $193,800

$272,500

2021

$4,534 (+2.2%)

$71,240 + $129,950

$201,190

2020

$4,437 (+4.8%)

$71,240 + $129,950

$201,190

2019

$4,235 (−2.1%)

$71,240 + $129,950

$201,190

2018

$4,326 (+3.9%)

$71,300 + $128,980

$200,280

2017

$4,164 (+3.5%)

$71,300 + $128,980

$200,280

2016

$4,025 (+0.2%)

$71,300 + $128,980

$200,280

2015

$4,018 (+4.5%)

$71,300 + $128,980

$200,280

2014

$3,845 (+1,124.4%)

$71,300 + $128,980

$200,280

2011

$314

Tax history for 38-40 Ritchie Ave

Year

Property tax

Land + Additions

Assessment*

2025

$3,795 (−3.7%)

$78,700 + $193,800

$272,500

2024

$3,942 (+11.3%)

$78,700 + $193,800

$272,500

2023

$3,541 (−28.3%)

$78,700 + $193,800

$272,500

2022

$4,939 (+8.9%)

$78,700 + $193,800

$272,500

2021

$4,534 (+2.2%)

$71,240 + $129,950

$201,190

2020

$4,437 (+4.8%)

$71,240 + $129,950

$201,190

2019

$4,235 (−2.1%)

$71,240 + $129,950

$201,190

2018

$4,326 (+3.9%)

$71,300 + $128,980

$200,280

2017

$4,164 (+3.5%)

$71,300 + $128,980

$200,280

2016

$4,025 (+0.2%)

$71,300 + $128,980

$200,280

2015

$4,018 (+4.5%)

$71,300 + $128,980

$200,280

2014

$3,845 (+1,124.4%)

$71,300 + $128,980

$200,280

2011

$314

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

12,632

Year renovated

2020

Sq. Ft.

1,900

Year built

1981

Style

Multi-Family (2-4 Unit)

County

Chittenden County

APN

39612313992

Parking Spaces

—

Basement

Yes

Accessible

HOA Dues

—

Garage

Features

Views

Last updated by owner on Jun 12, 2026.

Old Towne Residential District

The purpose of the Old Towne Residential District is to foster the development of compact residential neighborhoods that offer higher density housing and high quality of life in the town core by: Accommodating new residential neighborhoods and infill in areas that are served by public infrastructure and transit, and that are close to schools, shopping, services and public recreation facilities.; Avoiding and mitigating potential conflicts between land uses so that the offsite impacts of nearby commercial uses do not adversely affect residents’ quality of life.; Stabilizing existing residential neighborhoods, and retaining existing and creating additional owner-occupied housing.; Developing an interconnected network of complete streets and pathways that disperse and calm traffic, and safely accommodate pedestrians and bicyclists.; Encouraging quality and efficient construction with durable, lowmaintenance materials and distinctive designs.

Permitted uses

Include but are not limited to:

Housing-Single unit
Housing-Multiple units
Fire house
Police station
Recreation
Park & open space

Property details

Interior

Basement Information
Basement: Yes
Basement Access: Interior

Multi-Unit Information
Unit Lease Term: Annual
Total Units: 2
# of 2 Bedroom Units: 2
# of Baths (full): 2
Water: Public
Sewer: Public
Electric: Circuit Breaker(s)
Construction: Wood Frame
Foundation: Block
Exterior: Vinyl
Roof: Shingle
Driveway: Gravel
Heating: Wall Furnace
Heat Fuel: Gas - Liquid Propane Bottle
Cooling: None
Water Heater: Owned
Basement Description: Full

Unit 1 Information
Unit 1 Approximate Sq. Ft.: 864
Unit 1 Baths: 1
Unit 1 Bedrooms: 2
Unit 1 Lease Term: Annual
Unit 1 Level Number: 38
Unit 1 Rooms: 4
Unit 1 Style: townhouse

Unit 2 Information
Unit 2 Approximate Sq. Ft.: 864
Unit 2 Baths: 1
Unit 2 Bedrooms: 2
Unit 2 Level Number: 40
Unit 2 Rooms: 4
Unit 2 Style: townhouse

Exterior

Building Information
Construction Status: Existing
Approximate Sq. Ft. Total Finished: 1737
Approximate Sq. Ft. Total: 1737
Color: yellow

Lot, Zoning, & Easement Information
Easements: Yes
Subdivision

Income Information
Net Income: $17,334

Survey Information
Surveyed: Unknown

Other Property & Lot Information
Year Built: 1981

Financial

Tax Information
Tax Year: 2018
Taxes Expenses: 4164
Gross Amount Tax: 4164.63
SPAN Number: 396-123-13992

Other Tax Information
Page Deed: 384-385

Utilities

Trash Information
Trash Expenses: 633

Electric Information
Electric Company: GMP

Water Information
Water Expenses: 1200

Other Utilities Information
Cable Company: Comcast
Fuel Company: Choice
Phone Company: Comcast
Utility Expenses: 0
Yes

Location

School Information
School District: Milton
Elementary School: Milton Elementary School
Elementary School: Milton Elementary School
Middle/Jr School: Milton Jr High School

Road Information
Road Frontage: Yes
Road Frontage Length: 20
Paved

Other Location Information
Directions: 189 to Exit 17, take Route 7 north for 5.4 miles, Ritchie Ave on your left, property on your left - see sign.

Public facts

Beds: 4
Baths: 2.0
Sq. Ft.: 1,900
Stories: 1.0
Parking Spaces: —
Basement: Yes
Accessible: No
Lot Size: 0.29 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1981
Year Renovated: 2020
County: Chittenden County
APN: 39612313992
HOA Dues: —
Garage: No
Features: Views

Home facts updated by owner on Jun 12, 2026

Other

Expense Information
Net Income: 17334
Annual Expenses: 10265
Operating Expenses Include: Insurance, Maintenance, Other, Snow, Trash, Water/Sewer
Miscellaneous Expenses: 0
Management Expenses: 0
Maintenance Expenses: 1200
Insurance Expenses: 1988
Heat Expenses: 0
Snow Expenses: 1080

Around this home

Schools

Milton Elementary School

Public PreK-4 • Assigned • 0.4mi

5/10

Milton Middle School

Public 5-8 • Assigned • 0.6mi

4/10

Milton Senior High School

Public 9-12 • Assigned • 0.6mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 91° expected this year, 15 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

4/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Milton, VT • 05468

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.6 hours in June and 2.6 hours in December, placing it below the U.S. average for solar exposure.

8.6 hrs

2.6 hrs

JuneDecember

Provided by Shadowmap

Sell confidently with a local market expert in Milton. 3 minutes to get started.

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New listings for sale in 05468

NEW 4 HRS AGO

$339,900

2 beds2 baths1,040 sq ft

7 Willys Ln #106, Milton, VT 05468

3D WALKTHROUGH

$379,000

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38 Middle Rd, Milton, VT 05468

$375,000

3 beds1 bath1,148 sq ft

105 Sandy Birch Rd, Milton, VT 05468

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3 beds2.5 baths1,760 sq ft

236A Ledgewood Ln, Milton, VT 05468

FOR SALE BY OWNER

$476,000

3 beds2 baths1,512 sq ft

10 Andrea Ln, Milton, VT 05468

3D WALKTHROUGH

$630,000

3 beds3 baths2,387 sq ft

115 Horseshoe Cir, Milton, VT 05468

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3 beds2 baths2,176 sq ft

106 Route 7 N, Milton, VT 05468

$649,900

4 beds2.5 baths1,800 sq ft

Oakledge Way Lot 2, Milton, VT 05468

$849,900

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Home values near 38-40 Ritchie Ave

Data from public records.

Address	Redfin Estimate
30 Ritchie Ave, Milton, VT 5 Beds \| 1.5 Baths \| 1728 Sq. Ft.	$307,997
45 Ritchie Ave, Milton, VT 2 Beds \| 1 Baths \| 1536 Sq. Ft.	$410,419

Address	Redfin Estimate
114 Ritchie Ave Apt 116, Milton, VT 6 Beds \| 3 Baths \| 3500 Sq. Ft.	—
9 Ritchie Ave, Milton, VT 3 Beds \| 2 Baths \| 1950 Sq. Ft.	$426,980

Address	Redfin Estimate
22 Ritchie Ave Apt 18, Milton, VT 8 Beds \| 4 Baths \| 3944 Sq. Ft.	$703,352
22 Ritchie Ave Apt 101, Milton, VT 2 Beds \| 1 Baths \| 826 Sq. Ft.	$228,141

Property information provided by PrimeMLS when last listed in 2018. This data may not show owner updates. Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 05468, VT

Sale history for 38-40 Ritchie Ave

Tax history for 38-40 Ritchie Ave

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 05468

Home values near 38-40 Ritchie Ave

More real estate resources