Browse All Montpelier City VT Multi-Family Properties for Sale

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

$395,000

5094269 MLS

A rare offering: a well-maintained 3-unit apartment building situated close to downtown Montpelier, the middle school, the library, and all the amenities the capital city has to offer. This property is not located in a flood plain. A versatile property that suits a wide range of buyers. Investors will appreciate the strong income potential of three established units. Option to occupy one unit while rental income from the others offsets the mortgage. The layout also lends itself beautifully to multi-generational living, allowing independent living spaces under one roof. One unit is currently vacant, offering immediate flexibility for an owner-occupant or a new tenant at market rent. The building has been carefully maintained throughout. A beautiful front porch graces the home, and Unit 1 enjoys its own private covered porch. Ample storage adds practicality and convenience for owners and tenants alike. Located in a fantastic neighborhood with convenient access to shops, restaurants, schools, and downtown, this property combines solid condition, an exceptional location, and built-in flexibility - a combination that rarely comes to market.

53 North St, Montpelier

$345,000

5093953 MLS

Great opportunity to own a home close to downtown Montpelier! Walk or bike to everything. Two 2- bdrm/1-bath units – you could rent them both out, or live in one while the rent from the other pays your mortgage! Each unit is approximately 1,000 SF with both front and back entrances, living and dining rooms, porches, and a charming, private backyard on a 0.41 acre lot. Nice built-ins and hardwood floors. Separate oil furnaces, oil tanks, and hot water heaters are all new within the last five years. Partial roof replacement in 2025. Shared basement is dry and insulated, with coin-op washer/dryers. Off street parking. One unit is newly vacated. The second unit's lease ends August 31, 2026.

140 Barre St, Montpelier

$329,000

5091755 MLS

Flexible, inviting, and full of potential, this two-unit property offers a rare opportunity for multi-generational living, owner-occupancy with rental income, or conversion back to a spacious single-family home. Inside, warm hardwood floors and comfortable living spaces create a welcoming feel, with room to update and make it your own over time. Mini-split systems provide efficient heating and cooling, helping keep utility costs manageable year-round. The backyard is a true oasis, offering space to relax, garden, gather, or simply enjoy a little privacy close to town. A barn provides excellent storage and workspace for projects, hobbies, tools, or outdoor gear. Conveniently located with income-generating potential, this property offers flexibility, character, and room to grow.

93 Berlin St, Montpelier

$420,000

5091663 MLS

This house was built on a strong foundation, and with it, you can set roots and build your financial future. Well-maintained and thoughtfully cared for, this two-unit property offers both stability and flexibility in an ideal location just moments from the College Green, Hunger Mountain Food Co-op, and the Bike Path. Enjoy the ease of a convenient and connected neighborhood while staying close to the growing energy and activity of downtown. Live comfortably in one unit while generating income from the other, or create a welcoming multi-generational living arrangement that balances privacy with togetherness. The layout naturally supports a variety of living styles, making it as practical as it is inviting. Daily life here is defined by convenience and community - morning visits to the Co-op, bike rides along scenic paths, and evenings spent exploring local shops, dining, and events. A great neighborhood and vibrant yet relaxed setting make this more than just a place to live. With its solid construction, careful maintenance, and enduring appeal, this property is ready to serve its next owner well for years to come - offering not just a home, but a smart investment in lifestyle and long-term value.

7 Charles St, Montpelier

$479,900

5077728 MLS

This exceptional three-unit building, located in the historic district of Montpelier, offers the perfect blend of classic charm and modern comfort. The exterior maintains its historic beauty, while the interiors have been thoughtfully updated to meet today’s standards. Each apartment features modern kitchens and bathrooms along with well-maintained finishes throughout, creating attractive and comfortable living spaces for tenants or owners alike. Residents enjoy convenient access to back porches and stairs leading to ample parking behind the building. The location is truly outstanding; not in the flood zone, just minutes from downtown Montpelier, a short walk to Hunger Mountain Co-op, and close to the newly completed bike path. Whether you're looking for a smart investment opportunity or hoping to live in one unit while generating income from the other two, this property offers flexibility and long-term potential. Lovingly owned by the same owner for many years, it is now ready for its next chapter. Ideal for both first-time investors and seasoned buyers expanding their portfolio. Schedule your showing today and explore all the possibilities this special property has to offer.

163-165 Barre St, Montpelier

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