60 School Street Plainfield VT Multi Family For Sale $179000

List Price: $179,000 | $120 per sq.ft. Multi Family A 2 Unit Multi Family Home
With 0 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Friday Jun 20, 2025 | MLS# 5047698

Address: 60 School Street Plainfield VT
Listed by Taylor White KW Vermont - Cambridge Phone: 802-760-9815
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. Operating Expenses : Heat,Insurance,Sewer,Snow Removal,Trash,Water/Sewer

Annual Expenses

Taxes: $2,788

Income
Gross Income | $34,800
NetIncome | $18,811

Appliances : Electric Water Heater | Tank Water Heater

UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 746
Level: 1
Tenant Pays : Electric,Internet Service
Rent : 1550.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 746
Level: 2
Tenant Pays : Electric,Internet Service
Rent : 1450.00 Monthly
Lease Term : Month to Month
Signed Lease : Yes

Construction: Wood Frame | Vinyl Siding
Year Built: 1890
Style: Duplex
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 2143
Above Grade Sq.Ft.: 1492
Basement: Interior Stairs | Unfinished

Exterior Color: Yellow
Roof: Metal
Seasonal: No

Heating: Propane | Direct Vent
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Other
Electric Meters: 2
Water: Public
Sewer: Public

Land Information
River Frontage
Lot size: 0.1 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: Yes
Road Frontage: 121
Driveway: Common/Shared | Crushed Stone

Additional Information
Docs Available : Deed
Row For Other Parcel: U
Taxes $2,788
Assesed Value Not Reported

Schools
School District: Twinfield USD 33
Elementary School: Twinfield Union School
Middle School: Twinfield Union School
High School: Twinfield USD #33

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942
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