156 Elm Street Montpelier, Vermont 05602 MLS# 4701635

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Sold Status

$362,000 Sold Price

Multi Type

6 Beds

4 Baths

3,750 Sqft

Listed By Timothy Heney of
Sold By Heney Realtors - Element Real Estate (Montpelier)
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Washington County

156 Elm Street

With four units including two, 1-bedroom apartments, one 3-bedroom apartment, and an office unit this 3,750+/- square foot building was originally constructed around 1910 as a duplex and then converted to four units later. Each unit has a covered porch and each has its own oil hot air furnace. Hot water is provided by three propane hot water heaters. Unit 2 (the owner's office space) and Unit 1 shared one hot water heater because the office use was so minimal. These can be separated if one prefers. The lot is level. A gravel driveway to the rear portion of the land provides access to parking and the garages. The barn has two garage bays plus a free standing one-car garage is on site. Centrally located and zoned mixed use residential, this solid investment opportunity will not be available long.

Property Location

156 Elm Street Montpelier

Property Details

Sold Price  $362,000 Sold Date  Aug 24th, 2018
MLS#  4701635 Bedrooms  6 Garage Size  3 Car
List Price  362,000 Total Bathrooms  4 Year Built  1900
Type  Multi-Family Lot Size  0.2400 Acres Taxes $8,086
Units  4 Stories  1/2/1900 Road Frontage  
Annual Income  $39,960 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  3,750 Sqft Construction  No, Existing
Zoning   MixedUseRes/Design Review Above Grade  3,750 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Jun 20th, 2018
Gross Income  $39,960 Operating Expenses  $0 Net Income  $25,398
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $880/Monthly Unit 2   1 Beds, 1 Baths, $600/Monthly
Unit 3   1 Beds, 1 Baths, $850/Monthly Unit 4   3 Beds, 1 Baths, $1,000/Monthly
ConstructionWood Frame
BasementInterior, Apartments, Unfinished, Unfinished
Interior Features
Exterior Features
Exterior  Clapboard, Wood Siding Disability Features  
Foundation  Stone House Color  Tan
Floors  Vinyl, Carpet Building Certifications  
Roof  Shingle-Asphalt, Membrane HERS Index  
DirectionsFrom State Street turn onto Elm Street. Property on left just before the Spring Street intersection.
Lot Description, Level, City Lot, Sidewalks, Street Lights
Garage & Parking  Yes, Storage Above, , Unpaved, Garage, 5 Parking Spaces, Unpaved
Road Frontage   Water Access  
Driveway  Gravel, Common/Shared Water Type  
Flood Zone  Yes Water Body  
Zoning  MixedUseRes/Design Review
School District  Montpelier School District Middle  Main Street Middle School
Elementary  Union Elementary School High  Montpelier High School
Heat Fuel  , Oil, Gas-Lp/Bottle Excluded  
Heating/Cool  None, Space Heater, Gas Heater, Space Heater Negotiable  
Sewer  Public, Metered Parcel Access ROW  
Water  Public, Metered ROW for Other Parcel  
Water Heater  Gas-Lp/Bottle Financing  
Cable Co   Documents  
Electric  100 Amp, Circuit Breaker, 60 Amp Tax ID  405-126-10568
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† The remarks published on this webpage originate from Listed By Timothy Heney of via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.