Properties Near 41 Furnace Street Poultney, VT

Welcome to this income-producing gem! Located in the heart of Poultney and within walking distance to schools, shopping, and public transportation, this charming 3-unit property presents a fantastic opportunity for both investors and owner-occupants alike. Each unit is bright, inviting, and full of character. The front unit features a classic covered porch, two bedrooms, and a full bath. The middle unit is light-filled with skylights, sliding glass doors that lead to a large private deck, and an easy, open layout perfect for comfortable living. The back unit—previously the owner’s quarters—offers a more modern layout and is currently vacant, making it ideal for immediate occupancy or premium rental potential. This spacious unit includes its own laundry area, minisplit system, separate mechanicals, and an impressive second-floor primary suite complete with cathedral ceilings, a walk-in closet, soaking tub, and private balcony. Additional highlights include an attached garage and a beautiful stone patio for outdoor enjoyment. For added convenience, the front two units share a washer and dryer located in the central hallway. Perfectly situated, this property is just 15 minutes from Vermont State University’s Castleton campus, less than an hour to multiple ski areas, 10 minutes to the New York border, and only minutes from both Lake St. Catherine and Lake Bomoseen. Whether you’re seeking a strong investment property or a home with additional rental income, this versatile multi-unit offers comfort, flexibility, and an unbeatable location.

Welcome to 41 Furnace Street in the quaint town of Poultney - This beautifully renovated two-unit duplex offers modern finishes, extensively updated mechanical systems, and excellent long-term flexibility for an owner-occupant or investor. The property was completely gutted to the studs and renovated in 2023, with nearly every major component of the home replaced or upgraded. Property Layout • Unit 1 – First Floor: 2 bedrooms, 1 bathroom, with private in-unit laundry • Unit 2 – Second Floor: 3 bedrooms, 1 bathroom, with private in-unit laundry The extensive renovation included a new roof, new windows, all-new electrical, all-new plumbing, new hydronic heating system, new insulation throughout, new drywall, new kitchens and bathrooms, updated vinyl plank flooring throughout, new recessed lighting and updated fixtures. The new hydronic heating system utilizes a combination of panel radiators and baseboard heat. Each apartment is independently zoned for heating, providing separate temperature control. The electrical system was upgraded to a three-meter service, with separate meters for the first-floor unit, second-floor unit, and common/house service. The house meter primarily covers the electrical components associated with the heating system, while electrical usage for each apartment is separately metered. The upstairs 3-bedroom unit is currently occupied by an existing tenant and generates $1,560 per month through low-income/affordable housing program through NeighborWorks, with approximately three years remaining in the program, The current lease is in place through July 31, 2027, providing immediate and predictable rental income for a new owner. The downstairs 2-bedroom unit is not subject to this restriction and may be utilized as the new owner sees fit, offering flexibility for owner occupancy or traditional rental use. There's few rentals on the market with renovations, steady income, and low maintenace. Don't miss your opportunity!