$327,000
SOLD DEC 6, 2024

66-68 South St Proctor, VT 05765

10 Beds
4 Baths
4,220 Sq Ft
0.39 Acres

Recently Sold

$77 Per Sq Ft

17% Below List Price

21 Days on Market

About This Home

As of December 2024

Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an “as is” 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property

Last Agent to Sell the Property

Michael Gilman

3GEN Real Estate Inc License #081.0134330 Listed on: 09/11/2024

Last Buyer's Agent

Michael Gilman

3GEN Real Estate Inc License #081.0134330 Listed on: 09/11/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,136

Year Built

  • Built in 1900

Lot Details

  • 0.39 Acre Lot
  • Lot Sloped Up

Parking

  • Gravel Driveway

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3-Story Property

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Internet Available
  • Cable TV Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,136

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Construction: Existing
  • Seasonal: Unknown
  • Total Stories: 3
  • Price Per Sq Ft: 77.49
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5660
  • Sq Ft - Apx Total Finished: 4220
  • Year Built: 1900
  • Remarks Public: Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at an “as is” 10%+ cap. This stately immense property, at over 6,000 square feet, was formerly a home owned by an executive of the famed Proctor Marble Corporation. It was converted into 4 unique apartments, which have enjoyed near perpetual 100% occupancy due to their desirability. You will be hard pressed to find larger apartments then this 4plex in the region. With an average square footage over 1,000 and multiple floors for two of them. Property would be ideal for owner occupancy or to rent for significant income The building has been professionally managed and renovated. With a Net Operating Income of over $41,000, this investment is projected to yield over a 13%-year 1 cash on cash return based on current numbers, and cash returns can go to 20%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. This property is located within proximity to such iconic sites such as the Vermont Marble Museum, Wilson Castle, Beaver Pond, Proctor Free Library, outdoor ice-skating and roller rink, Carriage Trails, as well as the Proctor Pool. This Property is available as a package with another Proctor 4plex - 50-52 Gorham Bridge Rd MLS#5013870. Listing Broker is a member of the LLC selling the property
  • List Agent: 291709
  • Display On Internet: Internet - Cable
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Sidewalks
  • Road Frontage Type: Paved, Public
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Full
  • Sq Ft - Apx Finished AG: 4220
  • Sq Ft - Apx Unfinished BG: 1440

Exterior Features

  • Driveway: Gravel
  • Foundation: Stone
  • Road Frontage: Yes
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame, Vinyl Siding

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Heating: Oil, Baseboard, Forced Air
  • Utilities: Cable
  • Water Source: Public

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 16988
  • Lot Acres: 0.39
  • Surveyed: Unknown
  • Zoning: res
  • Deed Book: 126
  • Deed Page: 12
  • Deed Recorded Type: Warranty

Multi Family

  • Total Units: 4
  • Total1 Bedroom Units: 1
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 5135.63
  • Tax Year: 2023

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/06/2024 12/06/24 Sold $327,000 -17.2% $77 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/11/2024 09/11/24 For Sale $395,000 +89.0% $94 / Sq Ft
06/14/2022 06/14/22 Sold $209,000 0.0% $70 / Sq Ft
03/17/2022 03/17/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $209,000 -- $70 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2024

    Michael Gilman

    3GEN Real Estate Inc

    (917) 710-0899

    2 in this area

    12 Total Sales

    Michael Gilman
    Section Image
  • Mike Kalil

    Seller's Agent in 2022

    Mike Kalil

    Watson Realty & Associates

    (802) 342-8899

    3 in this area

    120 Total Sales

    Mike Kalil
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 5013869

PrimeMLS

APN: (157) 480068

Vermont Rutland County Proctor 05765

66-68 South St, Proctor, VT

This home is located at 66-68 South St, Proctor, VT 05765 and is currently priced at $327,000, approximately $77 per square foot. This property was built in 1900. 66-68 South St is a home located in Rutland County with nearby schools including Proctor Elementary School and Proctor Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

PrimeMLS Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Nearby Homes