Sold
Last Sold Price
5 beds4 baths3,294 sqft$93/sqft
50-52 Gorham Bridge Rd, Proctor, VT 05765
Multi FamilyProperty Type
0.68 acresLot Size
1920Year Built
$93/sq ftPrice per sq ft

Description

Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ per year if rents are brought to market....Rarely available, high cash flow 4plex, in the charming artisan town of Proctor, listed at close to a 10% cap, with significant upside from below market rents. This combination of value-add and high cash flow in a stunning highly sought after location is rare to find. The building has been professionally managed and renovated. The investment is projected to yield over a 11% year 1 cash on cash return based on current numbers, and cash returns can go to 21%+ 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. One unit has been left vacant for showings or immediate owner occupancy. Property is available as a package with another Proctor 4plex - 66-68 South St MLS#5013869. Listing Broker is a member of the LLC selling the property.

    Sold By A Non PrimeMLS Agency

    • Listed by: Michael Gilman • 3GEN Real Estate Inc
    Listing closed: 12/31/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 5013870

    Location

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    Payment Calculator

    $1,882 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $1,576

    Property Taxes

    $306

    HOA Dues

    $0

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    Property Information for 50-52 Gorham Bridge Road

    Property Details
    • Taxes: $3,670 / year
    • MLS Type: Multi Family
    • Zoning: res
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1920
    • Lot Size: 0.68 AC / 29,620 SF
    Summary
    Location and General Information
    • City: Proctor
    • County: VT-Rutland
    • Latitude: 43.671998000001004
    • Longitude: -73.039721999999998
    • Road Frontage: TBD
    • Seasonal: Unknown
    • State: VT
    • Street Designation: Road
    • Zip Code: 05765
    Taxes and HOA Information
    • SPAN Number: 49815710493
    • Tax Year: 2023
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Gravel
    Property
    Lot Information
    • Lot - Sqft: 29621.0
    • Lot Features: View
    • Lot Size Acres: 0.68
    • Square Feet Apx Finished Above Grade: 3294.0
    • Square Feet Apx Finished AG Source: Appraiser
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Total: 4878.0
    • Square Feet Apx Total Finished: 3294.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished Below Grade: 1584.0
    • Square Feet Apx Unfinished BG Source: Appraiser
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • Foundation: Stone
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1920
    Utilities
    • Electric: Circuit Breaker(s)
    • Sewer: Public
    • Water Source: Public
    • Utilities: Cable
    • Internet: Internet - Cable
    Interior and Exterior Features
    Exterior Features
    • Construction Materials: Wood Frame
    • Roof: Shingle - Asphalt
    Interior Features
    • Basement: Yes
    • Basement Access Type: Walkout
    • Basement Description: Unfinished
    • Heating: Oil, Baseboard
    • Cooling: None
    • Total Stories: 2
    Multi Family
    Multi-Family Information
    • Total Units: 4
    • Total 1 BR Units: 3
    • Total 2 BR Units: 1
    • Total 3+ BR Units: 0
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 1
    Unit 2
    • Unit 2 Baths: 1
    • Unit 2 Bedrooms: 1
    Unit 3
    • Unit 3 Baths: 1
    • Unit 3 Bedrooms: 2
    Unit 4
    • Unit 4 Baths: 1
    • Unit 4 Bedrooms: 1

    Property History for 50-52 Gorham Bridge Road

    DateEvent & SourcePriceAppreciation
    Dec 31, 2024

    Sold

    New England Real Estate Network #5013870

    $305,000—
    Oct 1, 2024

    Pending

    New England Real Estate Network #5013870

    —
    Sep 11, 2024

    Listed (Active)

    New England Real Estate Network #5013870

    $325,000—
    DateEvent & SourcePrice
    12/31/2024

    Sold

    New England Real Estate Network #5013870

    $305,000
    10/01/2024

    Pending

    New England Real Estate Network #5013870

    —
    09/11/2024

    Listed (Active)

    New England Real Estate Network #5013870

    $325,000

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

    Public Records for 50-52 Gorham Bridge Road

    Taxable ValueLand$22,420Additions$112,840Total$135,260
    Tax Record2018$3,932 ($328 / month)
    Home Facts
    Baths4Total Finished SqFt3,635 SqFtAbove Grade Finished SqFt3,635 SqFtStories2Lot Size29,621 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyRUTLANDAPN(157) 230050

    Schools near 50-52 Gorham Bridge Road

    This home is within Quarry Hill Unified Union School District.
    Rating
    School
    Type
    Grades
    Distance
    Public - PK to 6
    Public - 7 to 12
    Rating
    School
    Distance
    Proctor Elementary School
    PublicPK to 6

    Proctor Junior/Senior High School
    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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    Listing Courtesy of 3GEN Real Estate Inc

    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 09/11/2026 04:41 AM