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Renovated Duplex With Workshop
For Sale
$299,000

16 Furnace Street, Springfield, VT 05156

Renovated duplex with a separate-entry 1-bedroom unit, main-level laundry hookups, and a converted workshop space.

Property Size1,774 SF
Price / SF$168.55
Days on Market106

Property Features for 16 Furnace Street

General Information

Standard status Active
Size 1,774 SF
Property subtype Multi-family
Lease Term []

Additional Details

Multifamily Units 2

Building Details

Year Built 1885
Listing Agency: Hall Collins Real Estate Group
Listed By: Franchesca Collins
Source: Berkleyveller
Added: May 24 Changed: Sep 5 Last Checked: Sep 5 at 8:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Hall Collins Real Estate Group

Investment Insights

Based on property information with market context.

This beautifully renovated duplex includes a fully updated 1-bedroom, 1-bath unit with its own separate entrance and electrical meter. Heat is shared via baseboard between both sides. The main residence features 3 bedrooms and 2 bathrooms, with main-level laundry hookups and refreshed wood floors finished with commercial-grade, high-durability paint.

Located at 16 Furnace Street in Springfield, VT on a spacious corner lot, the property also offers a bonus area where a former 2-car garage has been converted into a dedicated workshop with a raised floor. The home is presented with furnished photos that have been virtually staged.

For an owner-occupant, the duplex setup allows the 1-bedroom unit to be used as a secondary income source while living in the larger main unit. Rental amounts and financing terms are subject to lender and market conditions.

Key Highlights

  • Built in 1885, this renovated duplex offers a separate‑entry 1‑bedroom, 1‑bath unit and a 3‑bedroom, 2‑bath main unit.
  • Separate entrance 1‑bed/1‑bath unit has its own electrical meter and shared baseboard heat between both sides.
  • Main‑level laundry hookups are available in the home.

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency HVAC Service Big Box & Wholesale Store Electrical Service Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

311
Businesses Nearby

Demographics for 05156, VT

8,911
Population
4,280
Households
2.1
Avg Household Size
47
Median Age
25%
College-Educated
89%
High-School Grad
61.1 sq mi
ZIP Area
146
Density / Sq Mi
$64,292
Median Household Income
$41,324
Median Earnings
$1,013
Median Rent
$182,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Renovated duplex with a separate-entry 1-bedroom unit, main-level laundry hookups, and a converted workshop space.
Where is this duplex located?
The property is located at 16 Furnace Street Springfield, VT.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Built in 1885, this renovated duplex offers a separate‑entry 1‑bedroom, 1‑bath unit and a 3‑bedroom, 2‑bath main unit.; Separate entrance 1‑bed/1‑bath unit has its own electrical meter and shared baseboard heat between both sides.; Main‑level laundry hookups are available in the home.
More about this property
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