Multi-Family for Sale: 184 Elm Street, Montpelier, VT 05602

9 beds
5,084 sqft
$1,450,000
$1,450,000
184 Elm Street, Montpelier, VT 05602
9 beds
5,084 sqft
$1,450,000
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Price:
$1,450,000
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Type Multi-Family
Style New Englander
Beds 9
Square Feet 5,084 sqft
Lot Size 0.28 acres
Year Built 1850
Taxes Paid $16,933
City Montpelier
County Washington
School District Montpelier School District
MLS 4991351
Status Active
DOM 223 days
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 Montpelier’s restaurants and shopping. 48 hours notice for showings please, no exceptions.

Virtual Tours for 184 Elm Street Montpelier, VT

Lot & Building Features

Utilities Cable - Available
Construction Wood Frame, Wood Siding
Cooling Mini Split, None
Heating Heat Pump, Steam, Mini Split
Parking Description Driveway, Reserved
Sewer Public
Tax Year 2024
Taxes Paid $16,933
Water Public
Basement Description Bulkhead, Unfinished, Full
Foundation Concrete
Lot Description City Lot, Sidewalks, Level
Roof Shingle - Asphalt
Garage No

Community and Schools

Elementary School Union Elementary School
Junior High School Main Street Middle School
Senior High School Montpelier High School

Unit Features

Unit 1 Baths 2
Unit 1 Bedrooms 2
Unit 1 Lease Term Annual
Unit 1 Level Number 1
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2100.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, Trash, Hot Water, Heat
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Lease Term Annual
Unit 2 Level Number 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1650.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Tenant Pays Electric, Trash, Hot Water, Heat
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 3 Lease Term Annual
Unit 3 Level Number 1 and 2
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 1900.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Leased
Unit 3 Tenant Pays Electric, Trash, Hot Water, Heat
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Lease Term Annual
Unit 4 Level Number 1
Unit 4 Rental Agreement Yes
Unit 4 Rental Amount 1650.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Leased
Unit 4 Tenant Pays Electric, Trash, Hot Water, Heat
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 5 Lease Term Annual
Unit 5 Level Number 1
Unit 5 Rental Agreement Yes
Unit 5 Rental Amount 1700.00
Unit 5 Rental Amt Freq Monthly
Unit 5 Status Leased
Unit 5 Tenant Pays Electric, Trash, Hot Water
Unit 6 Baths 1
Unit 6 Bedrooms 1
Unit 6 Lease Term Annual
Unit 6 Level Number 2
Unit 6 Rental Agreement Yes
Unit 6 Rental Amount 1750.00
Unit 6 Rental Amt Freq Monthly
Unit 6 Status Leased
Unit 6 Tenant Pays Electric, Trash, Hot Water

Price History of 184 Elm Street, Montpelier, VT

Date Name Price Difference
04/15/2024 Listing Price $1,450,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 184 Elm Street, Montpelier, VT

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Photo of The Patey Team
Direct: 603-548-6392
Office
PO Box 316
Raymond, NH 03077
603-548-6392
Listed by Green Light Real Estate, Ray Mikus
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6.75%
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184 Elm Street (MLS #4991351) is a multi-family listing located in Montpelier, VT. This multi-family listing is 5,084 sqft and on a lot of 12,197 sqft (or 0.28 acres) and is 174 years old. This property was listed on 04/15/2024 and has been priced for sale at $1,450,000.

Nearby zip codes are 05461, 05601, 05641, 05649 and 05651. This property neighbors other cities such as Barre Town, Berlin, East Montpelier, Middlesex and Orange.

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Listing information courtesy of: Green Light Real Estate

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/24/2024