Listed by Adam Granger • Redbud Real Estate. Bought with Ann Swanson Real Estate.
Off market aug 2018 for $177K
$348,746
Est. refi paymentEst. refi$1,188/mo
8
bd
•
4 ba
•
4,514
sq ft
122.5&124 Atkinson St, Bellows Falls, VT 05101
About this home
RENT OUT THE 3-UNIT, LIVE IN THE NEWLY RENOVATED HOME WHILE TENANTS PAY YOUR MORTGAGE! Current rental amounts total over $3,000 a month with an annual net operating income of nearly $20,000. Conveniently located next to a park, grocery store and a short walk to downtown Bellows Falls, this property includes a 3-unit building plus a detached single-family house with a major renovation done in 2017 including a new bathroom and updates throughout (paint, floors and more). The unfinished 2nd floor of the home offers room to grow and potential to increase the property's value. The property has been well maintained by the current owners and has had a number of improvements over the years, including a major overhaul of the 3-unit in 2005 with new exterior and interior paint, new insulation, new baseboard heating, updated electrical wiring, hardwired smoke detectors and a new bathroom in one of the units. This property offers a great way to own your home and build equity while tenants pay your mortgage. Or purchase as an investment property and enjoy the extra rental income. Or use any of the units as an in-town work space while your tenants pay. Come take a look and see how this versatile property could work for you! A must see! Also see MLS # 4691749 (residential listing).
Property is a 3 unit home plus a separate single family with the second floor needing renovation. New roof/deck on single family. 2 vacant apartments. Hardwired smoke detectors. Gracious older home. Zoned for 4 units.
Year
Property tax
Land + Additions
Assessment*
2025
$2,809 (+12.8%)
$12,500 + $221,700
$234,200
2024
$2,491 (+11.3%)
$7,400 + $126,800
$134,200
2023
$2,237 (−39.0%)
$7,400 + $126,800
$134,200
2022
$3,666 (−1.6%)
$7,400 + $126,800
$134,200
2021
$3,725 (+0.2%)
$7,400 + $126,800
$134,200
2020
$3,716 (+3.3%)
$7,400 + $126,800
$134,200
2019
$3,596 (−0.3%)
$7,400 + $126,800
$134,200
2018
$3,607 (+0.4%)
$7,400 + $126,800
$134,200
2017
$3,592 (−20.9%)
$7,400 + $126,800
$134,200
2016
$4,539 (+1.9%)
$49,000 + $136,000
$185,000
2015
$4,456 (−19.6%)
$49,000 + $136,000
$185,000
2014
$5,542
$49,000 + $136,000
$185,000
2013
$49,000 + $136,000
$185,000
Tax history for 122.5&124 Atkinson St
Year
Property tax
Land + Additions
Assessment*
2025
$2,809 (+12.8%)
$12,500 + $221,700
$234,200
2024
$2,491 (+11.3%)
$7,400 + $126,800
$134,200
2023
$2,237 (−39.0%)
$7,400 + $126,800
$134,200
2022
$3,666 (−1.6%)
$7,400 + $126,800
$134,200
2021
$3,725 (+0.2%)
$7,400 + $126,800
$134,200
2020
$3,716 (+3.3%)
$7,400 + $126,800
$134,200
2019
$3,596 (−0.3%)
$7,400 + $126,800
$134,200
2018
$3,607 (+0.4%)
$7,400 + $126,800
$134,200
2017
$3,592 (−20.9%)
$7,400 + $126,800
$134,200
2016
$4,539 (+1.9%)
$49,000 + $136,000
$185,000
2015
$4,456 (−19.6%)
$49,000 + $136,000
$185,000
2014
$5,542
$49,000 + $136,000
$185,000
2013
$49,000 + $136,000
$185,000
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
7,405 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Multi-Family (5+ Unit)
County
Windham County
APN
52816611755
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 23, 2026.
R-7
Residential 7 District
The Residential 7 area includes the lower and terrace areas of the older village and includes a mix of single and multi-family homes. The lower area has relatively large homes on small lots with narrow frontage on the street. The terrace areas are a mix of large and smaller homes, again on small lots. The Morgan’s field area is more suburban in style having been developed postWorld War II and is primarily single-family. The Residential 7 district provides for dense residential development in a compact neighborhood setting which is near municipal services and which is served by municipal water and sewer. While the primary permitted uses intended are residential dwellings and associated home-based uses, other types of residential accommodations, related service enterprises, and public facilities are allowed in a manner which protects the residential character of the neighborhoods within the district.; Given the small lots, retaining greenspace is a challenge and goal for this district. Other types of uses should be allowed only in a manner which protects the residential character of the neighborhood with careful consideration given to noise, traffic, and potential hours of operation to prevent the loss of peace, quiet, and privacy essential to a residential environment.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Property details
Interior
Basement Information
Basement: Yes
Basement Access: Interior
Multi-Unit Information
Unit Lease Term: Month to Month
Total Units: 4
# of 1 Bedroom Units: 1
# of 2 Bedroom Units: 2
# of 3+ Bedroom Units: 1
# of Baths (full): 4
Parking: On-Site
Exterior Features: Deck, Porch - Covered
Water: Public
Sewer: Public
Electric: Circuit Breaker(s)
Construction: Wood Frame
Foundation: Brick, Stone
Exterior: Clapboard
Roof: Shingle - Asphalt
Driveway: Gravel
Heating: Baseboard, Hot Water
Heat Fuel: Oil
Cooling: None
Flooring: Hardwood, Vinyl
Water Heater: Gas - Liquid Propane Bottle, Off Boiler, Oil, Owned, Tank
Basement Description: Dirt Floor, Full
Unit 1 Information
Unit 1 Approximate Sq. Ft.: 1133
Unit 1 Baths: 1
Unit 1 Bedrooms: 3
Appliances Included, Heat Included
Unit 1 Lease Term: Month to Month
Unit 1 Level Number: 1
Unit 1 Rooms: 6
Unit 2 Information
Unit 2 Approximate Sq. Ft.: 1240
Unit 2 Baths: 1
Unit 2 Bedrooms: 2
Appliances Included, Heat Included
Unit 2 Level Number: 2
Unit 2 Rooms: 7
Unit 3 Information
Unit 3 Approximate Sq. Ft.: 612
Unit 3 Baths: 1
Unit 3 Bedrooms: 1
Appliances Included, Heat Included
Unit 3 Lease Term: Month to Month
Unit 3 Level Number: 3
Unit 3 Rooms: 4
Unit 4 Information
Unit 4 Approximate Sq. Ft.: 768
Unit 4 Baths: 1
Unit 4 Bedrooms: 2
Appliances Included
Unit 4 Lease Term: Month to Month
Unit 4 Level Number: Detached
Unit 4 Rooms: 5
Unit 4 Style: Remodeled in 2016
Exterior
Building Information
Construction Status: Existing
Approximate Sq. Ft. Total Finished: 4514
Approximate Sq. Ft. Total: 6014
Color: White
Lot, Zoning, & Easement Information
Easements: Unknown
Level
Income Information
Net Income: $19,368
Survey Information
Surveyed: Unknown
Other Property & Lot Information
Year Built: 1900
Financial
Tax Information
Tax Year: 2017
Tax Year Notes: 2017-2018
Taxes Expenses: 4454
Gross Amount Tax: 4454.75
SPAN Number: 52816611755
Other Tax Information
Page Deed: 287-289
Utilities
Trash Information
Tenant
Electric Information
Electric Company: Green Mountain Power
Water Information
Water Expenses: 1578
Other Utilities Information
Fuel Company: James Oil Company
Utility Expenses: 393
Cable - Available, Internet - Cable, Satellite Internet, Telephone Available
Location
School Information
School District: Windham Northeast
Middle/Jr School: Bellows Falls Middle School
Neighborhood Information
In Town, Village
Road Information
Road Frontage: Yes
Road Frontage Length: 40
Paved, Public
Other Location Information
Directions: From the center of Bellows Falls, head north on Westminster St toward Bridge St, continue onto Square, continue onto Rockingham St, turn left onto Atkinson St, property will be on the right, see sign.
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 7,405 square feet
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Windham County
APN: 52816611755
Home facts updated by county records on Sep 23, 2026
Some nearby schools may not be within this home's attendance zone. Please check the Bellows Falls Union High School District #27 and Rockingham School District websites to verify.
Rockingham Central Elementary School
Public PreK-4 • 0.4mi
6/10
Bellows Falls Middle School
Public 5-8 • 0.4mi
2/10
Bellows Falls Uhsd #27
Public 9-12 • 1.4mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 94° expected this year, 17 days in 30 years
4/10 Wind Factor
8% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Bellows Falls, VT • 05101
Average low and high temperatures (°F)
28
14
31
15
46
27
57
36
65
47
77
57
82
61
78
55
73
50
61
40
47
31
32
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.8 hours in
June and 3.8 hours in December, placing it below the
U.S. average for solar exposure.