254 Elm Street,Montpelier, VT 05602
Montpelier, VT 05602
Description
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.
Details
| MLS # | 5096015 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (31) Under Contract - Active Under Contract |
| Year | 1890 |
| Days On Site | 111 |
| Listing Provided By | RE/MAX North Professionals | Gurjot Singh |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 7 |
| Zoning | Mixed Use Residential |
| Acreage | 0.24 |
Interior
| Cooling | None |
|---|---|
| Heating | Oil, Baseboard |
Exterior
| Roof | Membrane, Asphalt Shingle |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Granite, Stone |
| Lot Features | City Lot, Corner Lot |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable Available, Phone Available |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public |
Taxes
| Tax Annual Amount | 13190.48 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | VT |
|---|---|
| County | Washington |
| City | Montpelier |
| Zip Code | 05602 |
| Area | VT Washington |
| Listing VS Median (in 05602) | |
Price: $695,275 low | high Med: $0 On site: 111 low | high Med: | |
Market Activity 05602
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Learn More About This Property
| State | VT |
|---|---|
| County | Washington |
| City | Montpelier |
| Zip Code | 05602 |
| Area | VT Washington |
| Listing VS Median (in 05602) | |
Price: $695,275 low | high Med: $0 On site: 111 low | high Med: | |
