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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Gurjot Singh RE/MAX North Professionals

$ 695,275

Est. payment -/mo

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Under Contract

254 Elm ST Montpelier, VT 05602

13 Beds

8 Baths

8,165 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 8,165 sqft

Price per Sqft $85

MLS Listing ID 5096015

Style Historic Vintage,Multi-Family

Bedrooms 13

Full Baths 8

Construction Status Existing

Year Built 1890

Annual Tax Amount $13,190

Tax Year 2025

Lot Size 10,454 Sqft

Acres 0.24

Property 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.

Location

State VT

County Vt-washington

Area Vt-Washington

Zoning Mixed Use Residential

Rooms

Basement Dirt Floor, Exterior Access

Interior

Heating Oil, Baseboard

Cooling None

Exterior

Parking Features No

Utilities Available Cable Available, Telephone Available

Roof Type Asphalt Shingle,Membrane

Building

Lot Description City Lot, Corner

Story 3

Sewer Public

Water Public

Architectural Style Historic Vintage, Multi-Family

Construction Status Existing

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

254 Elm ST Montpelier, VT 05602

Key Details

Location

Rooms

Interior

Exterior

Building

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254 Elm ST