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Turnkey 8 Unit Planned Unit Development in a prime Essex Junction location. 18 bedrooms across 8 units provides excellent income opportunity. These units are separately deeded and can be sold off individually. All units are equipped with recently installed, high-efficiency direct vent natural gas heating and hot water systems, in unit washer and dryer, and private patio. Located just steps from local shops, dining, public transportation, and everything Essex Junction has to offer. Excellent opportunity to expand your portfolio or enter the rental market with this strong income-producing asset. Owner Financing option available. Showings start 5/1. Owner is a licensed VT Real Estate Broker. †
Property Location
3 River Street Essex Junction
Property Details
Contract Date May 12th, 2025
List Price 2,149,000
Bedrooms 18
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 8
Year Built 1981
MLS# 5037769
Lot Size 0.95 Acres
Taxes $30,112
Type Multi-Family
Days on Market 24 Days
Tax Year 24
Units 8
Stories 2
Road Frontage 167
Annual Income $188,400
Style Near Shopping
Water Frontage
Annual Expenses $0
Finished 8,050 Sqft
Construction No, Existing
Zoning Res
Above Grade 8,050 Sqft
Seasonal No
Total Rooms 18
Below Grade 0 Sqft
List Date Apr 24th, 2025
Gross Income $188,400
Operating Expenses $0
Net Income $137,882
Expenses Includes
Unit 1 2 Beds, 1 Baths, 960 SqFt, $2,100/Monthly
Unit 2 2 Beds, 1 Baths, 960 SqFt, $1,900/Monthly
Unit 3 2 Beds, 1 Baths, 960 SqFt, $2,000/Monthly
Unit 4 2 Beds, 1 Baths, 960 SqFt, $1,950/Monthly
Unit 5 2 Beds, 1 Baths, 960 SqFt, $1,900/Monthly
Unit 6 2 Beds, 1 Baths, 960 SqFt, $1,850/Monthly
Unit 7 3 Beds, 1 Baths, 960 SqFt, $2,100/Monthly
Unit 8 3 Beds, 1 Baths, 960 SqFt, $1,900/Monthly
Construction
Basement
Interior Features
Exterior Features
Exterior
Disability Features
Foundation Slab - Concrete
House Color
Floors Vinyl, Carpet
Building Certifications
Roof Shingle-Architectural
HERS Index
DirectionsFrom 5 corners, Park street (2A) to left on River Street. River View Townhouses on right.
Lot DescriptionNo, Near Bus/Shuttle, Near Public Transportatn, Near School(s)
Garage & Parking No, 1-10 Spaces, On Site, Off Street, Parking Spaces 1 - 10
Road Frontage 167
Water Access
Driveway Paved
Water Type
Flood Zone No
Water Body
Zoning Res
School District NA
Middle
Elementary
High
Heat Fuel
Excluded
Heating/Cool None, Direct Vent
Negotiable
Sewer Public
Parcel Access ROW
Water
ROW for Other Parcel
Water Heater
Financing
Cable Co Choice
Documents
Electric Circuit Breaker
Tax ID 208-066-42390
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† The remarks published on this webpage originate from Listed By Paul Cannizzaro of Cannizzaro Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
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