$ 225,000
-
$225,000
Price -
9
Bed -
1
Bath -
4,592
SqFt
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About the Listing 5446 - 283604
This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.
Listing Highlights
Status
Active
Days on Site
30
Property Type
Multi-Family
MLS ®
5074146
Year Built
1890
Total Square Footage
4,592
Lot/Acreage
0.2
County
Caledonia
Elementary School
St. Johnsbury Schools
Middle School
St. Johnsbury Schools
High School
Choice
Interior Details
- Bedrooms: 9
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Oil,Baseboard
- Fireplaces:
- Floor: Wood
- Above Ground Sq Ft: 4592
- Below Ground Sq Ft: n/a
- Basement: Yes,Concrete Floor,Dirt Floor,Unfinished
- Other:
- Water:
Exterior Details
- Lot Description: Existing
- Garage Capacity: N/A
- Zoning: Residential B
- Roof: Membrane,Shingle,Slate
- Others:
- Sewer: Public
Financial Details
- Tax Amount: $4,156
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2026
Payment Calculator
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Questions About..
277 Summer St St. Johnsbury, VT 05819
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