254 Elm Street, Montpelier, VT 05602
Local realty services provided by:CENTURY 21 Gold Key Realty
254 Elm Street,Montpelier, VT 05602
$745,175
- 13 Beds
- - Baths
- 8,165 sq. ft.
- Multi-family
- Active
Listed by: gurjot singh
Office: vermont life realtors802-310-9077
MLS#:5076350
Source:PrimeMLS
Price summary
- Price:$745,175
- Price per sq. ft.:$73.12
About this home
Not located in an active FEMA-designated flood zone and not impacted by recent flooding events, this exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont offers 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....
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Home facts
- Year built:1890
- Listing ID #:5076350
- Added:111 day(s) ago
- Updated:June 03, 2026 at 10:33 AM
Rooms and interior
- Bedrooms:13
- Basement Description:Dirt Floor, Exterior Access, Partial, Walkout
- Living area:8,165 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water, Oil, Radiator, Steam
Structure and exterior
- Roof:Asphalt Shingle, Membrane
- Year built:1890
- Building area:8,165 sq. ft.
- Lot area:0.24 Acres
- Levels:3 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$745,175
- Price per sq. ft.:$73.12
- Tax amount:$13,190 (2025)
Features and amenities
- Amenities:Circuit Breaker(s)
Parking
- Parking description:Gravel Driveway, Paved Driveway
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