39 Main St Plainfield, VT 05667
Estimated payment $2,005/month
About This Home
Excellent Investment Opportunity, Seller Will Finance 20% – 5-Unit Multifamily in the Heart of Plainfield, VT If you're looking for a promising investment property in Central Vermont, this five-unit multifamily in downtown Plainfield is a standout opportunity; currently four out of five units are rented with a 15% CAP rate based on a five unit pro-forma and expenses as reported by the Seller.. With a strong unit mix—two 1-bedroom, two 2-bedroom, and one 4-bedroom apartments—this property offers broad rental appeal and strong income potential. Perfectly positioned just a stone's throw from local restaurants and the popular Rail Trail, tenants will enjoy the convenience of in-town living in a charming village setting. And with Montpelier just a 15-minute drive away, this location is ideal for commuters seeking a peaceful home base with quick access to the capital city. Whether you're expanding your portfolio or getting started in multifamily ownership, this well-located property offers space, versatility, and long-term upside. Don’t miss out—schedule your private showing today!
Listing Agent
KW Vermont-Stowe Brokerage Phone: 646-841-4747 License #081.0134141 Listed on: 05/22/2025
Co-Listing Agent
Michael Brancoforte
KW Vermont-Stowe Brokerage Phone: 646-841-4747 License #082.0135335
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,054
Year Built
- Built in 1890
Lot Details
- 3,485 Sq Ft Lot
- River Front
Home Design
- Stone Foundation
- Wood Frame Construction
- Slate Roof
- Metal Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- Property has 2.5 Levels
Bedrooms and Bathrooms
- 10 Bedrooms
- 5 Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Location
- Flood Zone Lot
- City Lot
Schools
- Twinfield Union Elementary And Middle School
- Twinfield
Utilities
- No Cooling
- Heating System Uses Propane
- Propane
- Phone Available
- Cable TV Available
Community Details
Overview
- 5 Units
Building Details
- Gross Income $69,420
- Net Operating Income $48,653
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 | -- | $165,000 | $27,000 | $138,000 |
| 2023 | $3,012 | $165,000 | $27,000 | $138,000 |
| 2022 | $4,222 | $165,000 | $27,000 | $138,000 |
| 2021 | $4,339 | $165,000 | $27,000 | $138,000 |
| 2020 | $4,160 | $165,000 | $27,000 | $138,000 |
| 2019 | $0 | $165,000 | $27,000 | $138,000 |
| 2018 | $0 | $165,000 | $27,000 | $138,000 |
| 2017 | $0 | $165,000 | $27,000 | $138,000 |
| 2016 | $0 | $165,000 | $27,000 | $138,000 |
| 2015 | -- | $1,650 | $0 | $0 |
| 2014 | -- | $1,650 | $0 | $0 |
| 2013 | -- | $1,650 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | Price Changed | $305,000 | -4.7% | $106 / Sq Ft |
| 05/22/2025 05/22/25 | For Sale | $320,000 | -- | $111 / Sq Ft |
Source: PrimeMLS
MLS Number: 5042421
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