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$739,175
5096015 MLS
Not located in an active FEMA-designated flood zone and not impacted by flooding events, this exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, presents investors with a rare chance to acquire a well-positioned asset offering immediate income and future growth potential. Located in Vermont’s capital city, the property benefits from a strong and diverse tenant base supported by state government offices, healthcare providers, educational institutions, and local businesses. The building currently consists of seven residential units, providing stable cash flow and minimizing vacancy risk through multiple income streams. Investors will appreciate the opportunity to further increase value through thoughtful renovations, improved management strategies, and rental adjustments over time. In addition to the potential for an eighth unit (buyer to verify permitting and zoning), there may be opportunities to create additional units, offering further upside and long-term value enhancement. Opportunities of this size are increasingly difficult to find in the Montpelier market, where inventory remains limited and demand for quality rental housing continues to be strong. With the potential to achieve a 10%+ capitalization rate based on current or optimized operations, the property stands out as an attractive option for investors seeking both yield and long-term appreciation. Situated on Elm Street, residents enjoy easy access to downtown Montpelier’s restaurants, shops, recreation, and community amenities, while Interstate 89 provides convenient regional access throughout Central Vermont. Combining strong income characteristics, expansion possibilities, and a highly desirable location, 254 Elm Street offers a compelling opportunity for investors seeking a scalable asset in one of Vermont’s most established and resilient rental markets. Please note that property taxes have been accounted for in the operating expenses used in the financial information.

254 Elm St, Montpelier

$714,000
6 Beds 3 Baths 5086455 MLS
In the heart of the beautiful and dynamic Capital City, this grand old home melds the best of yester year and historic home charm while providing the best of modern-day convenience and style. From the gracious entry hall with original woodwork to gorgeous kitchen with its own cozy hearth and wood stove, this home offers easy living and all within a stone's throw of schools, Kellogg Hubbard Library, and downtown shopping and restaurants. Current owner renovated the kitchen and opened it to the dining area which leads to the private back deck. Entering the side door brings you into a spacious mudroom with laundry. The other first level rooms are the living room, an office/den, a 1/2 bath, as well as the entry hall with impressive staircase. High ceilings, original solid doors, and woodwork throughout, not to mention the gleaming hardwood flooring in every room. Upstairs are 4 more bedrooms and a very large full bathroom with iconic penny tile flooring. Also on this level is a door to a full stairwell to the 3rd floor apartment with two bedrooms and one full bath - add apartment back into main house for more living space or keep the rental unit for helpful income. Entire house has been thoughtfully maintained and upgraded with added insulation, a hybrid hot water heater, newer asphalt shingle roofing, and a dramatic outdoor spiral staircase for entry to 3rd floor apartment. The old barn was moved onto a brand-new foundation and now the yard is right out the back door. The barn makes a great garage with tons of dry storage above. Sit out on the private back deck or the big covered front porch when you feel like people watching. Do you dream of being in a lovely vintage home in the thick of downtown life? This is your chance!

14 Liberty St, Montpelier

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Between $700K - $800K Montpelier City Real Estate

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