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Listed by Taylor White • KW Vermont - Cambridge • Phone: 802-760-9815
$179,000
Est. payment /mo
4 Beds
2 Baths
1,492 SqFt
Active
60 School ST Plainfield, VT 05667
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,492 sqft
Price per Sqft $119
MLS Listing ID 5047698
Bedrooms 4
Full Baths 2
Construction Status Existing
Year Built 1890
Annual Tax Amount $2,787
Tax Year 2024
Lot Size 4,356 Sqft
Acres 0.1
Property Description
Unlock a rare cash-flowing duplex investment in Plainfield, Vermont with long term tenants already in place for each unit and immediate income potential. Photos show one unit vacant. This well-maintained multi-family property presents an exceptional opportunity for investors seeking strong returns in the Vermont rental market, or for owner-occupants looking to offset a majority of their mortgage while building long-term wealth through real estate.The building features two spacious 2-bedroom, 1-bath apartments in an efficient upstairs/downstairs layout. Each unit offers a comfortable and functional floor plan with generous natural light, warm wood trim, large eat-in kitchens, and spacious living areas. The primary bedrooms include oversized closets with built-in shelving, providing excellent storage for tenants. Both apartments enjoy private balconies overlooking the scenic Winooski River and surrounding greenery, adding desirable outdoor space and attractive views. Flood insurance annual premium currently paid is $2530. One of the most compelling aspects of this property is its stable income stream, with long-term tenants already in place, offering consistency and likely reduced turnover for the next owner. With a projected 12% capitalization rate, this property stands out as an exceptional investment opportunity in Vermont. Outside, provides convenient off-street parking. The property is located just steps from Plainfield's charming Main Street, with easy access to local shops, cafés, and community amenities. The location also offers quick access to Barre, Montpelier, and 50 minutes to the Burlington area. Whether you're looking to expand your real estate investment portfolio, secure a high-yield Vermont rental property, or house-hack with rental income, this duplex checks all the boxes: strong cash flow, desirable location, cosmetically updated, long-term tenants, and excellent return potential. 48 hour notice is required for any showings.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Residential
Rooms
Basement Entrance Interior
Basement Interior Stairs, Unfinished
Interior
Cooling None
Flooring Carpet, Laminate
Exterior
Utilities Available Other
Roof Type Metal
Building
Story 2
Sewer Public
Architectural Style Duplex
Construction Status Existing
Schools
Elementary Schools Twinfield Union School
Middle Schools Twinfield Union School
High Schools Twinfield Usd #33
School District Twinfield Usd 33
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