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$380,000   Price Analysis
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103 School St
Westminster, VT 05158
8 bed 5 bath 3,564 SqFt ($106/SqFt)
0.4 acre lot. Built 1850
Listed 2023-10-20, Taxes $7,030
USDA Eligible
near Westminster, VT
 Restrictions may apply
due to home size

Nicely renovated 5 unit village multifamily is fully rented with stable tenant base.

Three 2 bedreooms and two 1 bedroom apartments are fully rented with all tenants on month to month leases. Vinyl siding, slate roof and well kept property will make for minima l maintenance costs in the future.

Large walk in basement has provisions for storage areas for each aparment. Turnkey mony maker ready for a new owner. Operating expenses include real estate taxes.


Presented by Steve Schoppmeyer at
Better Homes and Gardens Real Estate The Masiello Group.
Listing Agent Photo

Property MLS #4975034 from PrimeMLS

Bedrooms: 8

Water Heater Off Boiler

Total Ranges: 5
Total Refrigerators: 5

Full Bathrooms: 5

Heating Features: Hot Water
Heating Fuel: Oil

Flooring: Carpet, Hardwood, Softwood, Tile, Vinyl

Basement Description: Basement Description: Full, Unfinished, Basement: Yes

Garden Space
Windows - Storm
Frontage Length: 113
Road Frontage Type: Yes
Roads: Paved, Public

Driveway: Paved
Parking Features: Parking: Off Street, Parking Spaces 6+

Lot Size Acres: 0.4
Lot Size Square Feet: 17424

Elementary School: Westminster Center Elementary
High School: Bellows Falls UHSD #27
Middle School: Bellows Falls Middle School
School District: Westminister School District

Bellows Falls Uhsd #27 is a public high school located approximately 3.6 miles away.
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Westminster Schools is a public elementary school located approximately 0.2 miles away.
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Kurn Hattin Homes is a private elementary and middle school located approximately 0.8 miles away.
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Gross Income: 50400

Number of Units: 5
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 1
Bedrooms in Unit-4: 2
Bedrooms in Unit-5: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Total Bathrooms in Unit-5: 1
Total Rooms in Unit-1: 4
Total Rooms in Unit-2: 3
Total Rooms in Unit-3: 3
Total Rooms in Unit-4: 4
Total Rooms in Unit-5: 4
Unit 1 Total Actual Rent: 1000
Unit 2 Total Actual Rent: 825
Unit 3 Total Actual Rent: 675
Unit 4 Total Actual Rent: 850
Unit 5 Total Actual Rent: 850

Annual Tax Amount: 7572
Source Listing Status: Active
County: VT-Windham
Directions: From Rt 5 in Westminster village by Town Hall, turn onto School St. Building on left in 2/10 mile. Use GPS
Tax Year: 2023
Source Property Type: Multi-Family
Number of Separate Electric Meters: 5
Property Location: Village
Zoning: res
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2021$265,500 + $29,000
$294,500
$7,030
2020$265,500 + $29,000
$294,500
$6,972
2019$265,500 + $29,000
$294,500
$6,690
2018$265,500 + $29,000
$294,500
$6,647
2017$265,500 + $29,000
$294,500
$6,392
2016$265,500 + $29,000
$294,500
$6,331
2015$265,500 + $29,000
$294,500
$unknown
2015$265,500 + $29,000
$294,500
$6,329
2014$265,500 + $29,000
$294,500
$unknown
2012$244,600 + $32,800
$277,400
$5,752
2011$244,600 + $32,800
$277,400
$5,809

Listed 2023-10-20
$380,000
PrimeMLS
Sold 2014-05-22
$202,000
Public Record
Listing removed 2014-03-06
$225,000
PrimeMLS
Listed 2014-02-21
$225,000
PrimeMLS

Net Operating Income: 29700

Access: Yes

Total Square Feet Living: 3564
Year Built: 1850
Above Grade Finished Area: 3564
Below Grade Unfinished Area: 1683
Construction Materials: Wood Frame, Vinyl Siding
Foundation Details: Stone
Property Age: 174
Property Condition: Existing
Roof: Slate
Levels or Stories: 2
Total Area Sqft: 5247
Architectural Style: A Frame, Colonial

Electric: Circuit Breaker(s)
Sewer: Private, Septic
Cable - At Site
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.