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Listed by Gurjot Singh • Vermont Life Realtors
$765,000
Est. payment /mo
13 Beds
8 Baths
8,165 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,165 sqft
Price per Sqft $93
MLS Listing ID 5076350
Bedrooms 13
Full Baths 8
Construction Status Existing
Year Built 1890
Annual Tax Amount $13,190
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Description
Exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont, offering strong in-place income with significant upside potential. Located just minutes from downtown Vermont's capital city, this multi-family asset benefits from consistent rental demand driven by state government, healthcare, and professional employment centers. The property currently consists of seven residential units providing diversified income and reduced vacancy exposure. The existing configuration supports stable operations, while offering investors the opportunity to enhance returns through operational efficiencies, rent optimization, and strategic improvements. A compelling feature of this offering is the potential to add an additional 8th unit (buyer to verify permitting and zoning), creating further income expansion and long-term value growth. This value-add opportunity positions the asset for increased cash flow and improved economies of scale compared to smaller multi-family properties. At the current offering metrics, the property presents the potential for a 10%+ capitalization rate based on existing or optimized income projections, making it a rare high-yield opportunity in the Montpelier market. In a supply-constrained capital city with limited multi-unit inventory, assets at this scale are seldom available. Situated on Elm Street, the property offers convenient access to downtown amenities, shopping, restaurants, public services, and I-89 for regional connectivity. Tenants benefit from a walkable neighborhood setting combined with proximity to employment hubs and outdoor recreation that Central Vermont is known for. 254 Elm Street represents a unique opportunity to acquire scale, income stability, and value-add potential in one of Vermont's most resilient rental markets. Ideal for investors seeking strong cash flow today with expansion potential tomorrow.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Mixed Use Residential
Rooms
Basement Entrance Walkout
Basement Dirt Floor, Partial, Exterior Access
Interior
Cooling None
Exterior
Utilities Available Cable Available, Telephone Available
Roof Type Membrane,Asphalt Shingle
Building
Story 3
Sewer Public
Architectural Style Historic Vintage, Multi-Family
Construction Status Existing
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Josh Gray
Agent | License ID: 067254, 080080, 082.0135079
Agent License ID: 067254, 080080, 082.0135079