138 Main St
Springfield, VT 05156
- 6 Beds
- 3.5 Baths
- 3,100 sqft (on 0.50 acres)
6 Beds
3.5 Baths
3,100 sqft
(on 0.50 acres)
Local Information
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Description
Remodeled 3 units all fully leased on 1 year leases. Approximately $46,200 annual gross income and approximately $16,000 annual expenses including taxes, insurance, heating, utilities and 10% professional property management fees. Approximately $30,000 NOI and a 9% Capitalization Rate! Great cash flow!
Historic home Known as the David M. Smith Home. Inventor of the wooden spring loaded clothespin! Victorian era home in central downtown. Legal mixed use residential/commercial usage zoning. Great business location next door to the US Post Office. Very private at night... No neighbors live on either side of this house to disturb you at night. Single family converted to Triplex to code with permits. This property was last used as an office space and residential and is now set up as Three residential units. All work was done with permit and to code. Upstairs apartments are a 1 bedroom and a 2 bedrooms. Main downstairs 2 bedroom unit has a sun room, large office/den/library with a full kitchen and built in dishwasher, electric range adjoining the large dining room/family room. 1 and a 1/2 bathrooms on main floor. Property has great cash flow and fully professionally managed. A turnkey property! Huge cash flow of approximately $30k NOI. All work was done to code and with permit. New oil furnace works great. Most baseboard heaters are new. Huge partially finished basement with much of the floor concrete. Brand new carpeting or original hardwood floors throughout. Almost all windows have been upgraded with energy efficient dual pane glass for low heating costs. 2 electric meters, 1 water meter. Property is sold "As Is" by Limited Warranty Deed with right to inspect. No property disclosure as owner has not occupied the home. Buyers are urged to verify all information. Fabulous 200 year Slate roof. Four single car garages with individual garage doors.
This historic home was once owned by David M. Smith the inventor of the wooden spring clothespin. He held over 50 other patents. Very private location.
Just renovated. Brand new carpets, new electrical panel, new oil burner furnace, added dishwasher. Approximately 7 car parking plus the 4 garages.
Monthly rents: $950, $1,000, $1500 & $200 for garages. Also one one tenant was given $200/month discount to be the handyman/landscape/maintenance man which equals $2,400 that isn't included in the GSI. Including would give a total of $46,200 GSI.
The renovations have all been done to code and with permits.
Historic home Known as the David M. Smith Home. Inventor of the wooden spring loaded clothespin! Victorian era home in central downtown. Legal mixed use residential/commercial usage zoning. Great business location next door to the US Post Office. Very private at night... No neighbors live on either side of this house to disturb you at night. Single family converted to Triplex to code with permits. This property was last used as an office space and residential and is now set up as Three residential units. All work was done with permit and to code. Upstairs apartments are a 1 bedroom and a 2 bedrooms. Main downstairs 2 bedroom unit has a sun room, large office/den/library with a full kitchen and built in dishwasher, electric range adjoining the large dining room/family room. 1 and a 1/2 bathrooms on main floor. Property has great cash flow and fully professionally managed. A turnkey property! Huge cash flow of approximately $30k NOI. All work was done to code and with permit. New oil furnace works great. Most baseboard heaters are new. Huge partially finished basement with much of the floor concrete. Brand new carpeting or original hardwood floors throughout. Almost all windows have been upgraded with energy efficient dual pane glass for low heating costs. 2 electric meters, 1 water meter. Property is sold "As Is" by Limited Warranty Deed with right to inspect. No property disclosure as owner has not occupied the home. Buyers are urged to verify all information. Fabulous 200 year Slate roof. Four single car garages with individual garage doors.
This historic home was once owned by David M. Smith the inventor of the wooden spring clothespin. He held over 50 other patents. Very private location.
Just renovated. Brand new carpets, new electrical panel, new oil burner furnace, added dishwasher. Approximately 7 car parking plus the 4 garages.
Monthly rents: $950, $1,000, $1500 & $200 for garages. Also one one tenant was given $200/month discount to be the handyman/landscape/maintenance man which equals $2,400 that isn't included in the GSI. Including would give a total of $46,200 GSI.
The renovations have all been done to code and with permits.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
Home Highlights
Parking
Garage
Outdoor
Porch, Deck
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
No Info
Home Details for 138 Main St
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Interior Details BasementAdditional StorageAtticNumber of Rooms: 12Types of Rooms: Dining Room, Family Room, Laundry Room, Workshop, Sun RoomStorageCeiling Fan |
Heating & Cooling Heating: Baseboard, Stove, OilCooling System: OtherHeating Fuel: Baseboard |
Levels, Entrance, & Accessibility Stories: 2Floors: Softwood, Concrete, Hardwood |
Appliances & Utilities Cable ReadyDishwasherDryerRefrigeratorWasher |
Windows, Doors, Floors & Walls Double Paned Windows |
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Exterior Home Features Roof: SlateDeckExterior: WoodGardenLawnPorch |
Parking & Garage GarageParking Spaces: 10Parking: Garage Detached, Off Street |
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Year Built Year Built: 1840Year Updated: 2019 |
Property Type / Style Property Type: Multi FamilyArchitecture: Queen Anne / Victorian |
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Furnished |
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Units in Building: 3 |
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Lot Area: 0.50 acres |
Price History for 138 Main St
| Date | Price | Event | Source |
|---|---|---|---|
| 09/13/2024 | $15,395 | Sold | N/A |
| 10/24/2023 | ListingRemoved | PrimeMLS #4967096 | |
| 08/24/2023 | $195,000 | Listed For Sale | PrimeMLS #4967096 |
| 08/02/2023 | ListingRemoved | PrimeMLS #4942274 | |
| 05/04/2023 | $200,000 | PriceChange | PrimeMLS #4942274 |
| 02/24/2023 | $225,000 | PriceChange | PrimeMLS #4942274 |
| 02/02/2023 | $239,000 | Listed For Sale | PrimeMLS #4942274 |
| 02/27/2021 | ListingRemoved | N/A | |
| 09/25/2019 | $249,000 | ListingRemoved | N/A |
| 06/27/2019 | $249,000 | PriceChange | N/A |
| 06/06/2019 | $279,000 | Listed For Sale | N/A |
| 03/20/2019 | $1,200 | ListingRemoved | N/A |
| 03/14/2019 | $1,200 | Listed For Rent | N/A |
| 11/20/2018 | $129,500 | ListingRemoved | N/A |
| 05/07/2018 | $129,500 | Listed For Sale | N/A |
| 01/27/2016 | $46,500 | Sold | N/A |
| 01/15/2016 | $50,000 | Pending | Agent Provided |
| 01/11/2016 | $50,000 | PriceChange | Agent Provided |
| 12/23/2015 | $59,900 | PriceChange | Agent Provided |
| 12/01/2015 | $75,000 | PriceChange | Agent Provided |
| 11/03/2015 | $80,000 | PriceChange | Agent Provided |
| 10/07/2015 | $85,000 | PriceChange | Agent Provided |
| 09/03/2015 | $91,000 | Listed For Sale | Agent Provided |
| 08/11/2015 | $16,500 | Sold | N/A |
| 06/29/2012 | $275,000 | Sold | N/A |
| 03/01/2012 | $96,000 | Sold | N/A |
| 05/24/2004 | $165,000 | Sold | N/A |
| 12/12/1989 | $48,230 | Sold | N/A |
| 06/30/1987 | $47,000 | Sold | N/A |
Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | |
| Assessment | $160,500 |
Home facts updated by county records
Comparable Sales for 138 Main St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.25 | Multi-Family Home | $110,000 | 01/07/26 | 6 | 3 | 2,377 | |
0.27 | Multi-Family Home | $72,000 | 10/02/25 | 7 | 2 | 2,200 | |
0.26 | Multi-Family Home | $72,000 | 10/13/25 | 4 | 2 | 1,850 | |
0.45 | Multi-Family Home | $70,000 | 04/01/26 | 6 | 4 | 2,304 | |
0.40 | Multi-Family Home | $150,000 | 10/17/25 | 9 | 3 | 2,901 | |
0.21 | Multi-Family Home | $379,000 | 05/04/26 | 8 | 15 | 4,936 | |
0.45 | Multi-Family Home | $239,000 | 05/04/26 | 7 | 4 | 3,294 | |
0.46 | Multi-Family Home | $217,000 | 12/17/25 | 6 | 2 | 2,236 | |
0.10 | Multi-Family Home | $170,000 | 11/20/25 | - | 2,334 | ||
0.45 | Multi-Family Home | $271,000 | 06/06/25 | 4 | 3,198 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 138 Main St.
What Locals Say about Springfield
At least 18 Trulia users voted on each feature.
88 % Say parking is easy
79 % Say yards are well-kept
78 % Say there are sidewalks
75 % Say car is needed
71 % Say it's dog friendly
68 % Say kids play outside
67 % Say it's walkable to grocery stores
65 % Say it's walkable to restaurants
64 % Say people would walk alone at night
61 % Say there's wildlife
58 % Say there's holiday spirit
52 % Say they plan to stay for at least 5 years
50 % Say it's quiet
46 % Say neighbors are friendly
41 % Say streets are well-lit
26 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
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138 Main St, Springfield, VT 05156 is a 6 bedroom, 4 bathroom, 3,100 sqft multi-family built in 1840. This property is not currently available for sale. 138 Main St was last sold on Sep 13, 2024 for $15,395. The current Trulia Estimate for 138 Main St is $173,100.

