Montpelier VT Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
3,082
Status:
NEW LISTING
Beds:
n/a
Lot size:
0.1 Acres
Year built:
1871
Baths:
3.00
MLS#:
5021048

ADDITIONAL INFORMATION

Dive into an extraordinary opportunity with this beautifully transformed triplex! Meticulously renovated down to the studs, every element has been upgraded, featuring brand-new mechanical systems, top-notch insulation, complete basement waterproofing, and modern drywall. With the addition of a fabulous skylight and other fine details, these units are primed to be irresistibly charming! Here's the icing on the cake: perched high on the desirable east side of State Street, this property has remained unfazed by the flooding that has affected much of Montpelier over the past two years. There is a significant shortage of livable rental properties in the vibrant downtown area. Seize this unique chance to tap into that high demand! Currently, the renovation is about 85% complete, leaving some work needed to bring this unique building to its final form. Sold "as is, where is" it is an exciting canvas ready for your vision! Showings begin Friday 11/8.

Type:
Multi-Family
Sq.Ft.:
8,165
Status:
Active
Beds:
n/a
Lot size:
0.24 Acres
Year built:
1890
Baths:
MLS#:
5019974

ADDITIONAL INFORMATION

Discover this exceptional 7-unit apartment building, ideally situated just moments from downtown Montpelier. This property features newer windows and offers ample parking, making it an attractive choice for tenants. With its prime location, you'll benefit from easy access to local amenities, shops, and restaurants, enhancing its appeal for renters. Whether you're a seasoned investor or looking to expand your portfolio, this building presents a fantastic opportunity to capitalize on Montpelier's thriving rental market. Don't miss your chance to own a piece of this vibrant community! Contact us today for more details and to schedule a viewing.

Type:
Multi-Family
Sq.Ft.:
2,793
Status:
Active
Beds:
n/a
Lot size:
0.24 Acres
Year built:
1877
Baths:
4.00
MLS#:
5017370

ADDITIONAL INFORMATION

Exceptional opportunity to purchase a four unit multi family in the heart of downtown Montpelier! Completely renovated in 1984, including a poured concrete foundation and new electric and plumbing, this income producing property is ready for new ownership after over 40 years. Three of the four units have beautiful hardwood flooring throughout as well as assigned off street parking. Convenient to all amenities: public transportation, shopping, dining/bars, hospital and the I89 corridor. A perfect candidate for a 1031 exchange. This offering has been thoughtfully cared for over the decades and will be the perfect fit for the discerning investor.

Type:
Multi-Family
Sq.Ft.:
5,084
Status:
Active
Beds:
n/a
Lot size:
0.28 Acres
Year built:
1850
Baths:
MLS#:
4991351

ADDITIONAL INFORMATION

Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. **Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone.** Incredibly convenient to downtown Montpelierâ??s restaurants and shopping. 48 hours notice for showings please, no exceptions.

Type:
Multi-Family
Sq.Ft.:
6,686
Status:
Active
Beds:
n/a
Lot size:
0.48 Acres
Year built:
1860
Baths:
1.00
MLS#:
4987186

ADDITIONAL INFORMATION

Excellent opportunity to own prime commercial/residential space in Montpelier near I89, public transportation, schools, CVMC Hospital and shopping. The 6,686 square foot building is currently comprised of 13 offices and 6 airbnb rooms, one full bath, one 3/4 bath and two half baths (one handicap accessible), two kitchenettes and over 30 parking spaces. There are many preserved original details throughout the front portion of the building including a spectacular two level porch with dramatic columns. This property has prime road frontage on Route 2/State Street and ample signage. It's is a 5 minute walk to the State House and center of town. Perfect for investment, conversion to rental property or 1031 exchange! The July flooding did affect the building but it has been restored and renovated as is ready for immediate occupancy. Also listed as commercial: MLS#4985913.

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Andrea D. Conner, License 71221, Xome Inc., License 68390, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067



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Montpelier Real Estate

The median home value in Montpelier, VT is $404,000. This is higher than the county median home value of $328,700. The national median home value is $338,100. The average price of homes sold in Montpelier, VT is $404,000. Approximately 49.48% of Montpelier homes are owned, compared to 43.55% rented, while 6.97% are vacant. Montpelier real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Montpelier real estate agent to arrange a tour today!

Montpelier, Vermont has a population of 7,966. Montpelier is more family-centric than the surrounding county with 27.25% of the households containing married families with children. The county average for households married with children is 25.52%.

The median household income in Montpelier, Vermont is $71,163. The median household income for the surrounding county is $70,128 compared to the national median of $69,021. The median age of people living in Montpelier is 44.7 years.

Montpelier Weather

The average high temperature in July is 80.6 degrees, with an average low temperature in January of 5.5 degrees. The average rainfall is approximately 43.1 inches per year, with 96.1 inches of snow per year.

Montpelier Real Estate Market Conditions

  • Median sales price

    $404,000
    14.92% change since last quarter
  • # Active listings

    32
    30-day change

Montpelier Schools and Demographics

Education near Montpelier, VT

Metric City County
High School Graduates 98.34 94.61
College Degree - 2 year 4.16 7.84
College Degree - 4 year 64.62 43.99
Graduate Degree 20.92 13.26
Expenditures per Student 22,388 22,388
Students per Teacher 10.9 10.9

Elementary Schools near Montpelier, VT

School Grades Students P/T Ratio ZIP
Barre City Elementary/Middle School PK - 08 882 9.1 05641
Barre Town Elementary School PK - 08 847 10.7 05641
Berlin Elementary School PK - 06 190 10.8 05602
East Montpelier Elementary School PK - 06 212 11.5 05651
Moretown Elementary School PK - 06 121 11.7 05660
Rumney School (Middlesex) PK - 06 179 12.2 05602
Union Elementary School PK - 05 545 14.1 05602

Middle Schools near Montpelier, VT

School Grades Students P/T Ratio ZIP
Harwood Union Middle UHSD #19 07 - 08 130 9 05660
Main Street School 06 - 08 185 8.3 05602

High Schools near Montpelier, VT

School Grades Students P/T Ratio ZIP
Harwood UHSD #19 09 - 12 519 8.9 05660
Montpelier High School 09 - 12 278 8.7 05602
Spaulding UHSD #41 09 - 12 718 8.4 05641
U-32 High School (Uhsd #32) 07 - 12 775 10.8 05602

Ungraded Schools near Montpelier, VT

School Grades Students P/T Ratio ZIP
Barre Technical Center UG - UG 0 05641

Demographics near Montpelier, VT

Metric City County
Neighborhood Type Small town
Population 7,966 59,609
Population Density 792 87
Median Age 44.7 43.4
People per Household 2 2.3
Median Household Income 71,163 70,128
Average Income per Capita 45,497 38,041