Montpelier VT Multi Family for Sale
$795,000
7 Winter Street Montpelier, VT 05602
- Type:
- Multi-Family
- Sq.Ft.:
- 4,700
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1878
- Baths:
- 3.00
- MLS#:
- 5022765
ADDITIONAL INFORMATION
Well maintained 7 Unit building in sought after "Meadows" neighborhood between downtown and Hubbard park. 9% cap rate with room for increases in rents makes this an attractive investment. Tenants pay heat and electricity. Entirely updated electrical and recent updates make this a low maintenance solid investment. Super easy to rent these great units with quick walk to downtown and Hubbard park, yet tucked away on a quiet street. Owner went through and updated each apartment in the building as they became available over the past 14 years. Every piece of electrical replaced in that period and most of the plumbing. Extra time and care was given to updates with an eye towards quality, low maintenance and longevity. Enormous parking area gives the tenants much sought after off street parking. More than 1 unblocked parking spot per bedroom with a back yard and front yard. All the roofs other than the very upper roof have been replaced. Insulation and weatherization have been improved throughout. Pride of ownership is evident throughout this multi family. Seller is also the listing agent, a licensed real estate agent in the state of Vermont. Extremely limited assisted showing windows available. Showings 12pm to 2pm on Friday 12/6 and Monday 12/9. Property is smoke free, and mostly pet free. No cats or dogs. Super low maintenance yet attractive siding. Make an appointment as this one won't last.
$520,000
27 Court Street Montpelier, VT 05602
- Type:
- Multi-Family
- Sq.Ft.:
- 3,082
- Status:
- Active
- 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.
$749,000
254 Elm Street Montpelier, VT 05602
- 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.
$1,450,000
184 Elm Street Montpelier, VT 05602
- 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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Montpelier Real Estate
The median home value in Montpelier, VT is $352,500. 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 $352,500. 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.