1 of 26

Want to see similar homes for sale?

Listing courtesy of PRIME_MLS / Michael Gilman / 3GEN Real Estate Inc, A Non PrimeMLS Agency

50-52 Gorham Bridge

Proctor, VT 05765

– beds
– baths
3,294 sqft
~3/4 acre lot
$92 per sqft
1920 build
– on site

More homes

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.

Listing courtesy of PRIME_MLS / Michael Gilman / 3GEN Real Estate Inc, A Non PrimeMLS Agency

Last checked: Checking… • Last updated Jan 28, 2025 •

MLS# 5013870 —

The Building

Year Built:

1920
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame
Architectural Style:

Multi-Family
Roof:

Shingle - Asphalt
Foundation:

Stone
Total Stories:

2
Total Units:

4
Approx SqFt Total:

4878
Approx SqFt Total Finished:

3,294 Sqft
Approx SqFt Finished Above Grade:

3,294 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

1584
Approx SqFt Unfinished Building Source:

Appraiser
Approx SqFt Finished Above Grade Source:

Appraiser
Road Frontage Type:

Paved

Interior

Basement:

Yes
Basement Description:

Unfinished
Basement Access Type:

Walkout

Location

Latitude:

43.671998000001004
Longitude:

-73.039721999999998

The Property

Property Class:

Multi-Family
Seasonal:

Unknown
Lot Features:

View
Lot SqFt:

29,621 Sqft
Lot Acres:

0 Sqft
Zoning:

res
Driveway:

Gravel

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Taxes TBD:

No
Tax - Gross Amount:

$3,669.74

Beds

Total 2 Bedroom Units:

1

Baths

Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

92.59
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Oil, Baseboard

Utilities

Utilities:

Cable
Sewer:

Public
Electric:

Circuit Breaker(s)
Water Source:

Public

The Community

Covenants:

Unknown

Extra Units

Unit 1 Bedrooms:

1
Unit 2 Bedrooms:

1
Unit 3 Bedrooms:

2
Unit 3 Baths:

1
Unit 4 Bedrooms:

1
Unit 4 Baths:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
12/31/24 Dec 31, 2024	Sold	PRIME_MLS	$305,000	-6.2%
10/1/24 Oct 1, 2024	Sold Subject To Contingencies	PRIME_MLS	$325,000
9/11/24 Sep 11, 2024	Listed / Active	PRIME_MLS	$325,000	62.6% (27.9% / YR)

Multifamily Sold on 12/31/2024

$305,000

Listing provided by broker:

Michael Gilman

3GEN Real Estate Inc, A Non PrimeMLS Agency

Newest listings in Proctor, VT

Similar sold homes

Listing Courtesy of: PRIME_MLS and 3GEN Real Estate Inc, A Non PrimeMLS Agency.

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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.

50-52 Gorham Bridge

Proctor, VT 05765