$ 795,000
-
$795,000
Price -
13
Bed -
7
Bath -
8,165
SqFt
NEW! Buy and sell safely with virtual options - Learn More
About the Listing 5753 - 285437
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.
Listing Highlights
Status
Active
Days on Site
4
Property Type
Multi-Family
MLS ®
5076350
Year Built
1890
Total Square Footage
8,165
Lot/Acreage
0.24
County
Washington
Building Name
Monthly
Interior Details
- Bedrooms: 13
- Bathrooms: 7 Full
- Appliances:
- Air Cond:
- Heating: Oil,Baseboard,Hot Water,Radiator,Steam
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 8165
- Below Ground Sq Ft: n/a
- Basement: Yes,Dirt Floor,Partial,Exterior Access
- Other:
- Water:
Exterior Details
- Lot Description: Existing
- Garage Capacity: N/A
- Zoning: Mixed Use Residential
- Roof: Membrane,Asphalt Shingle
- Others:
- Sewer: Public
Financial Details
- Tax Amount: $13,190
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
254 Elm St Montpelier, VT 05602
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of -
