30 Union St Springfield, VT 05156
Estimated payment $1,386/month
Highlights
- Cape Cod Architecture
- Corner Lot
- Baseboard Heating
About This Home
Well maintained 3plex located in a desirable quaint residential Springfield neighborhood with a NOI of over $28,000 and listed at over a 12%+ cap rate. This property features a desirable mix of spacious 2x2br/1ba and 1x1br/1ba, and a 5 car driveway. This building has been recently renovated and updated, and is 100% occupied. Current gross income is north of $44,000
A new owner can step into to this turnkey and property starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Or live in one unit while renting the others. Either way, you can take advantage of 100% bonus depreciation on this asset.
Springfield is undergoing significant growth and investment, and this is an excellent opportunity to acquire a high cash flow property at a low valuation. The property is also available with a 34 Union St, a 4plex next door (see MLS#5028828) as discount. Listing Broker is a member of the LLC selling the property. Reach out directly for property OM and financials.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,275
Year Built
- Built in 1940
Lot Details
- 5,663 Sq Ft Lot
- Corner Lot
Parking
- Gravel Driveway
Home Design
- Cape Cod Architecture
- Stone Foundation
- Vinyl Siding
Interior Spaces
- 2,655 Sq Ft Home
- Property has 2 Levels
- Basement
- Interior Basement Entry
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Baseboard Heating
- Cable TV Available
Community Details
Overview
- 3 Units
Building Details
- Gross Income $45,300
- Net Operating Income $28,168
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,274 | $64,300 | $18,500 | $45,800 |
| 2023 | $918 | $64,300 | $18,500 | $45,800 |
| 2022 | $2,001 | $62,000 | $18,500 | $43,500 |
| 2021 | $2,335 | $62,500 | $14,800 | $47,700 |
| 2020 | $2,308 | $62,500 | $14,800 | $47,700 |
| 2019 | $2,216 | $62,500 | $14,800 | $47,700 |
| 2018 | $2,241 | $62,500 | $14,800 | $47,700 |
| 2016 | $3,080 | $105,700 | $24,000 | $81,700 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2025 07/29/25 | For Sale | $220,000 | -- | $83 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $350,000 | -- |
Source: PrimeMLS
MLS Number: 5053938
APN: 606-190-10868
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