138 Main St, Springfield, VT 05156
OFF MARKET

138 Main St
Springfield, VT 05156

  • 6 Beds
  • 3.5 Baths
  • 3,100 sqft (on 0.50 acres)

$173,100

Trulia Estimate
as of May 25, 2026
Est. Refi. Payment $1,225/mo*

$173,100

Trulia Estimate
as of May 25, 2026
Est. Refi. Payment $1,225/mo*
6 Beds
3.5 Baths
3,100 sqft
(on 0.50 acres)

Local Information

Map showing home location
© Google
-- mins to
Commute Destination

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.
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

Interior Features

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

Exterior Features

Exterior Home Features
Roof: SlateDeckExterior: WoodGardenLawnPorch
Parking & Garage
GarageParking Spaces: 10Parking: Garage Detached, Off Street

Property Information

Year Built
Year Built: 1840Year Updated: 2019
Property Type / Style
Property Type: Multi FamilyArchitecture: Queen Anne / Victorian

Rental Terms, Policies & Fees

Furnished

Community

Units in Building: 3

Lot Information

Lot Area: 0.50 acres

Price History for 138 Main St

DatePriceEventSource
09/13/2024$15,395Sold
N/A
10/24/2023ListingRemovedPrimeMLS #4967096
08/24/2023$195,000Listed For SalePrimeMLS #4967096
08/02/2023ListingRemovedPrimeMLS #4942274
05/04/2023$200,000PriceChange
PrimeMLS #4942274
02/24/2023$225,000PriceChange
PrimeMLS #4942274
02/02/2023$239,000Listed For SalePrimeMLS #4942274
02/27/2021ListingRemovedN/A
09/25/2019$249,000ListingRemovedN/A
06/27/2019$249,000PriceChange
N/A
06/06/2019$279,000Listed For SaleN/A
03/20/2019$1,200ListingRemovedN/A
03/14/2019$1,200Listed For RentN/A
11/20/2018$129,500ListingRemovedN/A
05/07/2018$129,500Listed For SaleN/A
01/27/2016$46,500Sold
N/A
01/15/2016$50,000PendingAgent Provided
01/11/2016$50,000PriceChange
Agent Provided
12/23/2015$59,900PriceChange
Agent Provided
12/01/2015$75,000PriceChange
Agent Provided
11/03/2015$80,000PriceChange
Agent Provided
10/07/2015$85,000PriceChange
Agent Provided
09/03/2015$91,000Listed For SaleAgent Provided
08/11/2015$16,500Sold
N/A
06/29/2012$275,000Sold
N/A
03/01/2012$96,000Sold
N/A
05/24/2004$165,000Sold
N/A
12/12/1989$48,230Sold
N/A
06/30/1987$47,000Sold
N/A
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Property Tax and Assessment

Year2024
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

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Assigned Schools

These are the assigned schools for 138 Main St.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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.
  • Ray Bent
    "Nice and cozy if you live in the north Springfield area. I personally live off of a private road. Neighbors don’t bug me. People here are friendly . "
  • Sissy A.
    "I’ve lived here for 8 years. The drug epidemic is bad. Schools are not good at all(have 3 in all grades) . Too expensive and not much for the youth to do. Not many shops or stores "

LGBTQ Local Legal Protections

Apartments for Rent

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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.