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$420,000

  • Sold
  • Closed
  • Multi-Family
  • 6 Units
  • 0.37 Acres
See This Home
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This 6-unit fully-leased and cashflowing property is in great condition. With gross rents of $66,000, expenses (including property taxes) of $14,538, and net income of $51,462, this investment property shows a 12.1% cap rate. With stable, long-term tenants on annual leases and fully-separated utilities in 5 of the 6 units, just about everything is taken care of. Built in 1970, the property is modern and easy to maintain. Two spacious 2-bedroom units feature charming hardwood floors, while two 1-bedrooms include beautiful large picture windows and recently-installed mini splits, and two top-floor studios offer a full range of apartment options. Located just minutes away from downtown Brattleboro and all that it has to offer, where rental demand is sky-high, the property hasn't had a vacancy in years. A spacious lot allows for off-street parking for all six tenants, and nearby attractions include hiking trails, the Brattleboro farmers market, and the ski hill. Recent upgrades to the property include new propane furnaces and hot water heaters, insulation and stucco, and new bath fans and vents. At a 12% cap rate with low rents and the potential to add easily installed coin-op laundry in the common area for additional income, this would be fantastic for any investor. Nice turn key building that doesn't need anything to start earning money. See it today.

Full Property Details for 238 Marlboro Rd

General

  • Sold For: $420,000
  • Taxes: $7,591 (2021)
  • Status: Closed
  • Type: Multi-Family
  • Source: PrimeMLS
  • MLS ID: 5034591
  • Added to Site: 364 day(s) ago

Rental Information

  • Lease Terms: Unit1=Annual, Unit2=Annual, Unit3=Month to Month, Unit4=Annual, Unit5=Annual, Unit6=Annual,

Location

  • County: Windham
  • Condo Project Name: Monthly
  • Driving Directions: use GPS

School Information

  • School District: Brattleboro School District

Heating & Cooling

  • Cooling Type: Individual, Mini Split
  • Heating Type: Propane, Gas Heater, Individual, Mini Split
  • Furnaces: 6
  • Water Heaters: 6

Utilities

  • Sewer: Public
  • Trash: Owner, Private
  • # Gas Meters: 6
  • # Electric Meters: 6

Structural Information

  • Construction Status: Existing
  • Basement: Yes
  • Basement Entrance: Walkout
  • Basement Desc.: Finished
  • Roof: Shingle - Asphalt
  • Stories/Levels: 2.5
  • Finished Total: 2,880 Sq. Ft.
  • Finished Above Grnd: 1,728 Sq. Ft.
  • Finished Below Grnd: 1,152 Sq. Ft.
  • Year Built: 1970

Unit Information

  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 2
  • Units w/Refrigerators: 6
  • Units w/Range/Oven: 6

Unit 1

  • Level: 1
  • Bedrooms: 1

Unit 2

  • Level: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Level: 2
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 5

  • Unit Description: efficiency

Unit 6

  • Unit Description: efficiency

Lot Features

  • Lot Size (Acres): 0.37
  • Lot Size (Sq. Ft.): 16,117
  • Frontage: Yes Road Frontage
  • Frontage Feet: 79
  • Driveway/Sidewalk: Gravel
  • Zoning: SC / S

Financial Considerations

  • Price Per Sq. Ft.: $147.57
  • Tax Amount: $7,591
  • Tax Year: 2021

Disclosures and Reports

  • APN: 8102511715

Listed by BHG Masiello Brattleboro, Steve Schoppmeyer
Sold by Barrett and Valley Associates Inc., Chelsea. Cary

Listed by BHG Masiello Brattleboro, Steve Schoppmeyer
Sold by Barrett and Valley Associates Inc., Chelsea. Cary

Listing agent

— 238 Marlboro Rd —

  • Steve Schoppmeyer

    BHG Masiello Brattleboro

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Price & Sales History for 238 Marlboro Rd

Date
Details
Price
Change
Source
6/30/2025
Sold
$420,000
-1.18%
MLS
4/02/2025
Listed
$425,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by BHG Masiello Brattleboro, Steve Schoppmeyer
Sold by Barrett and Valley Associates Inc., Chelsea. Cary

238 Marlboro Road, Brattleboro, VT 05301 (MLS# 5034591) is a Multi-Family property that was sold at $420,000 on June 30, 2025. Want to learn more about 238 Marlboro Road? Do you have questions about finding other Multi-Family real estate for sale in Brattleboro? You can browse all Brattleboro real estate or contact a Coldwell Banker agent to request more information.