254 Elm ST, Montpelier, VT 05602
254 Elm ST, Montpelier, VT 05602
254 Elm ST, Montpelier, VT 05602
254 Elm ST, Montpelier, VT 05602
254 Elm ST, Montpelier, VT 05602
254 Elm ST, Montpelier, VT 05602
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Danny Champion

Danny Champion

+1(603) 247-5186
Listed by Gurjot Singh • Vermont Life Realtors
$ 765,000
Est. payment | /mo

13 Beds

8 Baths

8,165 SqFt

Save
$ 765,000
Est. payment | /mo
Save

13 Beds

8 Baths

8,165 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,165 sqft

Price per Sqft $93

MLS Listing ID 5076350

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

Exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont, offering strong in-place income with significant upside potential. Located just minutes from downtown Vermont's capital city, this multi-family asset benefits from consistent rental demand driven by state government, healthcare, and professional employment centers. The property currently consists of seven residential units providing diversified income and reduced vacancy exposure. The existing configuration supports stable operations, while offering investors the opportunity to enhance returns through operational efficiencies, rent optimization, and strategic improvements. A compelling feature of this offering is the potential to add an additional 8th unit (buyer to verify permitting and zoning), creating further income expansion and long-term value growth. This value-add opportunity positions the asset for increased cash flow and improved economies of scale compared to smaller multi-family properties. At the current offering metrics, the property presents the potential for a 10%+ capitalization rate based on existing or optimized income projections, making it a rare high-yield opportunity in the Montpelier market. In a supply-constrained capital city with limited multi-unit inventory, assets at this scale are seldom available. Situated on Elm Street, the property offers convenient access to downtown amenities, shopping, restaurants, public services, and I-89 for regional connectivity. Tenants benefit from a walkable neighborhood setting combined with proximity to employment hubs and outdoor recreation that Central Vermont is known for. 254 Elm Street represents a unique opportunity to acquire scale, income stability, and value-add potential in one of Vermont's most resilient rental markets. Ideal for investors seeking strong cash flow today with expansion potential tomorrow.

Location

State VT

County Vt-washington

Area Vt-Washington

Zoning Mixed Use Residential

Rooms

Basement Entrance Walkout

Basement Dirt Floor, Partial, Exterior Access

Interior

Cooling None

Exterior

Utilities Available Cable Available, Telephone Available

Roof Type Membrane,Asphalt Shingle

Building

Story 3

Sewer Public

Architectural Style Historic Vintage, Multi-Family

Construction Status Existing

PrimeMLS

Nearby Locations

Danny Champion

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(603) 247-5186

dannychampion24@gmail.com

23 Brown Hill Rd, Bow, NH, 03304, USA

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254 Elm ST