254 Elm Street Montpelier, Vermont - For Sale

254 Elm Street Montpelier, Vermont 05602 MLS# 5096015

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For Sale Status

$739,175 List Price

Multi Type

13 Beds

8 Baths

8,165 Sqft

Listed By Gurjot Singh of RE/MAX North Professionals
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Washington County

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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.

Property Location

254 Elm Street Montpelier

Property Details

List Price  739,175 Bedrooms  13 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  8 Year Built  1890
MLS#  5096015 Lot Size  0.24 Acres Taxes $13,190
Type  Multi-Family Days on Market  2 Days Tax Year 2025
Units  7 Stories  3 Road Frontage  
Annual Income  $122,940 Style   Water Frontage  
Annual Expenses  $0 Finished  8,165 Sqft Construction  No, Existing
Zoning   Mixed Use Residential Above Grade  8,165 Sqft Seasonal  No
Total Rooms  13 Below Grade  0 Sqft List Date  Jun 21st, 2026
Gross Income  $122,940 Operating Expenses  $0 Net Income  $86,530
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,345/Monthly Unit 2   1 Beds, 1 Baths, $1,295/Monthly
Unit 3   2 Beds, 1 Baths, $1,545/Monthly Unit 4   2 Beds, 1 Baths, $1,645/Monthly
Unit 5   3 Beds, 2 Baths, $1,345/Monthly Unit 6   2 Beds, 1 Baths, $1,525/Monthly
Unit 7   2 Beds, 1 Baths, $1,295/Monthly
Construction
BasementWalkout, Dirt Floor, Exterior Access
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation   House Color  
Floors   Building Certifications  
Roof  Membrane, Membrane HERS Index  
DirectionsFrom downtown Montpelier, head north on Main Street and continue onto Elm Street. Property is located on the left at 254 Elm Street, approximately 0.7 miles from the State House.
Lot DescriptionUnknown, Corner
Garage & Parking  No
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Mixed Use Residential
School District  NA Middle  
Elementary   High  
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  40512610528
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† The remarks published on this webpage originate from Listed By Gurjot Singh of RE/MAX North Professionals via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.