50-52 Gorham Bridge Rd

Proctor, VT 05765

$305,000
Last Sold Price
5
Beds
4
Baths
3,294 Sq. Ft.
$93 / Sq. Ft.
3,294
Sq. Ft.
$93
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/31/24
Closed 12/31/24

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.
  1. Listed by Michael Gilman • 3GEN Real Estate Inc

Sold By A Non PrimeMLS Agency

Property Details for 50-52 Gorham Bridge Road

Zoning
res
LISTING CLOSED: 12/31/2024 12:00 AM

Property Details for 50-52 Gorham Bridge Road

StatusClosed
MLS #5013870
Days on Market20
Taxes$3,670 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1920
Lot Size0.68 AC / 29,620 SF
CountyRutland County
Get preapproved with Rocket Mortgage1

Location

Add your commute

Building Information for 50-52 Gorham Bridge Road

Stories2Residences4Year Built1920Building Size-Lot Size0.68 AC / 29,620 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$1,856 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,550

Property Taxes

$306

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 50-52 Gorham Bridge Road

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
  • Construction Status: Existing
  • 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
Proctor Elementary School
Public - PK to 6
Proctor Junior/Senior High School
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.

Similar Homes

Nearby off-market homes

AddressSold priceBedsBathsSqftLot AC
50 Gorham Bridge Road, Unit 52, Proctor, VT 05765
$305,000
–
4
3,635
0.68
50 Gorham Bridge Road, Proctor, VT 05765
$165,000
6
3,300
0.68
5052 Gorham Bridge Road, Proctor, VT 05765
$100,000
6
3,300
0.68
46 Gorham Bridge Road, Proctor, VT 05765
$100,000
3
1,456
0.92
60 Gorham Bridge Road, Proctor, VT 05765
–
3
2
1,280
0.27

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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 07/24/2026 10:22 PM