12 Parsonage Rd

Starksboro, VT 05487

$350,000
Last Sold Price
3
Beds
3
Baths
1,970 Sq. Ft.
$178 / Sq. Ft.
1,970
Sq. Ft.
$178
per Sq. Ft.
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Closed 9/17/24
Closed 9/17/24

Description

Discover an exceptional investment opportunity with this well-maintained 3 unit building. This property offers three 1 bedroom/1 bathroom units, making it an ideal choice for savvy investors seeking consistent rental income and impressive returns. With its strategic location halfway between Burlington and Middlebury, excellent tenant history, and eco-friendly features, this apartment building presents an enticing prospect for both seasoned investors and home buyers struggling with low inventory trends....Discover an exceptional investment opportunity with this well-maintained 3 unit building. This property offers three 1 bedroom/1 bathroom units, making it an ideal choice for savvy investors seeking consistent rental income and impressive returns. With its strategic location halfway between Burlington and Middlebury, excellent tenant history, and eco-friendly features, this apartment building presents an enticing prospect for both seasoned investors and home buyers struggling with low inventory trends. Another standout feature of this apartment building is its large landscaped yard, providing tenants with a beautiful outdoor space to relax and enjoy. In addition to its excellent location and tenant demand, this property boasts solar panels, which provide economical electricity to tenants, reduce their utility costs, and generate a revenue stream for the owner, enhancing the property's overall profitability and appeal to environmentally-conscious renters. Speaking of revenue streams, there is also a couple coin op washer/dryers in the basement common area for tenants to use. This apartment building is not just a property; it's a gateway to a lucrative investment opportunity. The combination of its prime location, strong tenant demand, and additional revenue streams makes it a compelling choice for investors looking to diversify their portfolio. The generous 11% cap rate further underscores its investment potential, making it a standout option in today's real estate market.
  1. Listed by Flex Realty Group • Flex Realty

Sold By Pursuit Real Estate

Property Details for 12 Parsonage Road

Parking
Parking Spaces 6+
Zoning
res
LISTING UPDATED: 04/03/2025 04:02 PM

Property Details for 12 Parsonage Road

StatusClosed
MLS #5009063
Days on Market5
Taxes$4,416 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1850
Lot Size1.00 AC / 43,560 SF
CountyAddison County
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Location

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Building Information for 12 Parsonage Road

Stories2Residences3Year Built1850Building Size-Lot Size1.00 AC / 43,560 SF

Payment Calculator

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$2,130 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,762

Property Taxes

$368

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 12 Parsonage Road

Summary
Location and General Information
  • City: Starksboro
  • County: VT-Addison
  • Latitude: 44.224440311575428
  • Longitude: -73.057012728836057
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Road
  • Zip Code: 05487
Taxes and HOA Information
  • SPAN Number: 615-193-10072
  • Tax Year: 2023
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Crushed Stone
Property
Lot Information
  • Lot - Sqft: 43560.0
  • Lot Features: Corner, Landscaped, Level
  • Lot Size Acres: 1.0
  • Square Feet Apx Finished Above Grade: 1970.0
  • Square Feet Apx Finished AG Source: Assessor
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 2738.0
  • Square Feet Apx Total Finished: 1970.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 768.0
  • Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Concrete, Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1850
Utilities
  • Electric Company: GMP
  • Cable Company: Xfinity
  • Fuel Company: Jackman's of Bristol
  • Electric: 100 Amp, Circuit Breaker(s), Pre-Wired for Renewables
  • Sewer: Private, Septic
  • Water Source: Public
  • Utilities: Cable - Available
  • Separate Utilities: Yes
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Wood Siding
  • Features - Exterior: Deck, Porch - Covered
  • Roof: Metal, Shingle - Asphalt
Interior Features
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Exterior Access, Full, Unfinished
  • Flooring: Carpet, Laminate, Vinyl
  • Heating: Propane, Direct Vent
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $41,520.00
  • Net Income: $28,798.00
  • Operating Expense Incl: Insurance, Maintenance, Other, Snow Removal, Trash, Utilities, Water
  • Operating Expense: $11,354
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 3
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Lease Term: Annual
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rooms: 4
  • Unit 1 Rental Amount: $925.00
  • Unit 1 Tenant Pays: Electric, Heat
  • Unit 1 Info: Ceiling Fan, CO Detector, Deck, Heat - Gas, Hot Water, Range - Electric, Refrigerator, Smoke Detector
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 4
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $1,350.00
  • Unit 2 Info: CO Detector, Heat - Gas, Hot Water, Porch, Range - Gas, Smoke Detector
  • Unit 2 Tenant Pays: Electric, Heat
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 4
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $950.00
  • Unit 3 Info: Porch, Range - Electric, Refrigerator, Smoke Detector
  • Unit 3 Tenant Pays: Electric, Heat

Property History for 12 Parsonage Road

DateEvent & SourcePriceAppreciation
Sep 17, 2024

Sold (Public Record)

Public Record #1541048026

$350,000

+7.1% / yr

Sep 17, 2024

Sold

New England Real Estate Network #5009063

$350,000—
Aug 14, 2024

Temporarily Off Market

New England Real Estate Network #5009065

—
Aug 14, 2024

Pending

New England Real Estate Network #5009063

—
Aug 14, 2024

Pending

New England Real Estate Network #5009065

—
Aug 9, 2024

Listed (Active)

New England Real Estate Network #5009063

$258,000—
Aug 9, 2024

Listed (Active)

New England Real Estate Network #5009065

$258,000—
Jun 4, 2018

Sold (Public Record)

Public Record #624177535

$228,000—
DateEvent & SourcePrice
09/17/2024

Sold (Public Record)

Public Record #1541048026

$350,000

+7.1% / yr

09/17/2024

Sold

New England Real Estate Network #5009063

$350,000
08/14/2024

Temporarily Off Market

New England Real Estate Network #5009065

—
08/14/2024

Pending

New England Real Estate Network #5009063

—
08/14/2024

Pending

New England Real Estate Network #5009065

—
08/09/2024

Listed (Active)

New England Real Estate Network #5009063

$258,000
08/09/2024

Listed (Active)

New England Real Estate Network #5009065

$258,000
06/04/2018

Sold (Public Record)

Public Record #624177535

$228,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12 Parsonage Road

Taxable ValueLand$76,500Additions$301,300Total$377,800
Tax Record2024$5,690 ($474 / month)
Home Facts
Total Finished SqFt1,970 SqFtAbove Grade Finished SqFt1,970 SqFtStories2Lot Size43,560 SqFtStyleOffice BuildingYear Built1850CountyADDISONAPN(193) 10072

Schools near 12 Parsonage Road

This home is within Mt. Abraham Unified School District.
Rating
School
Type
Grades
Distance
Robinson School
Public - PK to 6
Mount Abraham Uhsd #28
Public - 7 to 12
Rating
School
Distance
Robinson School
PublicPK to 6

Mount Abraham Uhsd #28
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Flex Realty

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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. Data last updated 04/05/2026 01:32 PM