254 Elm Street

Montpelier, VT 05602
Square Ft.
8,165
$795,000
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 sevenRead MoreRead Less
Courtesy of Gurjot Singh, Vermont Life Realtors 802-310-9077
Listing Snapshot
Days Online
29
Last Updated
Square Ft.
8,165
Lot Size
0.24 Acres
Year Built
1890
MLS Number
5076350
30 Days Snapshot Of 05602
$501k
+20%
(avg) sold price
2
-75%
homes sold
33
-60%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage: TBD
Basement
Basement Access Type: Walkout, Basement: Yes, Dirt Floor, Partial, Exterior Access
Cooling
None
Garage
Garage: No
Heating
Oil, Baseboard, Hot Water, Radiator, Steam
Income
Gross Income: 122940, Net Income: 86530
Lot
0.24 acres, 10,454 sqft
Parking
Driveway: Gravel, Paved
Property
Seasonal: No, 8,165 finished sqft above grade, 8,165 total finished sqft, 10,191 total sqft, 2,026 unfinished sqft below grade, 2 one-bedroom units, 4 two-bedroom units, 1 three-bedroom unit, 3 stories, 7 units, Built in 1890
Roof
Membrane, Asphalt Shingle
Sewer
Public
Taxes
Gross Amount: $13,190
Unit One
1 bathroom, 1 bedroom, Rental Amount: 1345, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Two
1 bathroom, 1 bedroom, Rental Amount: 1295, Rental Amt Freq: Monthly, Rooms: 4, Status: Leased
Unit Three
1 bathroom, 2 bedrooms, Rental Amount: 1545, Rental Amt Freq: Monthly, Rooms: 5, Status: Leased
Unit Four
1 bathroom, 2 bedrooms, Rental Amount: 1645, Rental Amt Freq: Monthly, Rooms: 5, Status: Leased
Unit Five
2 bathrooms, 3 bedrooms, Rental Amount: 1345, Rental Amt Freq: Monthly, Rooms: 6, Status: Leased
Unit Six
1 bathroom, 2 bedrooms, Rental Amount: 1525, Rental Amt Freq: Other, Rooms: 5, Status: Vacant
Unit Seven
1 bathroom, 2 bedroom, Rental Amount: 1295, Rental Amt Freq: Monthly, Rooms: 5, Status: Leased
Utilities
Separate Utilities: Varies, Circuit Breaker(s)
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Mona Branon Lemieux
Realtor
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