27 St Paul Street Montpelier, Vermont 05602 MLS# 4992563

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For Sale Status

$388,500 List Price

Multi Type

3 Beds

2 Baths

2,284 Sqft

Listed By Martha Lange of BHHS Vermont Realty Group/Montpelier
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Washington County

1sr floor back room 1sr floor back room
1st floor back room 1st floor back room
Stairs to second floor unit Stairs to second floor unit
2nd floor back stairwell 2nd floor back stairwell
2nd floor back storage room 2nd floor back storage room
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Great opportunity to own and live in a spacious two-unit building in downtown Montpelier and have tenants help pay your mortgage and expenses. OR, this two unit could easily be converted back to a SINGLE FAMILY HOMES by just unlocking two doors! Live upstairs in the vacant unit, park your car in one of the two garage spaces and walk everywhere or rent out the second floor unit for double the income. Located on a low maintenance tenth of an acre lot. Besides the garages, there is plenty of off street parking. First floor one bedroom unit is rented for $1,520/month and the second floor two bedroom unit is currently vacant. Heat (oil steam radiators), gas for ranges, water and sewer are included in rent. Tenants pay their own electric, hot water, trash, internet and cable. Each unit has a garage. There is a large storage space on the back of the building on each floor with stairs to the garage. The large fully equipped kitchens have gas ranges and full size refrigerators. Each unit has a covered porch at its private entry where a table and chairs could be set up to enjoy the lovely weather. Water came up through the basement drain in the July 2023 flood. Flood waters did not come up to the house. Owner's current commercial mortgage does NOT require flood insurance.

Property Location

27 St Paul Street Montpelier

Property Details

MLS#  4992563 Bedrooms  3 Garage Size  2 Car
List Price  388,500 Total Bathrooms  2 Year Built  1890
Type  Multi-Family Lot Size  0.1000 Acres Taxes $7,287
Units  2 Stories  2 Road Frontage  50
Annual Income  $0 Style   Water Frontage  
Annual Expenses  $0 Finished  2,284 Sqft Construction  No, Existing
Zoning   RESD 1 Above Grade  2,284 Sqft Seasonal  No
Total Rooms  3 Below Grade  0 Sqft List Date  Apr 24th, 2024
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,520/Monthly Unit 2   2 Beds, 1 Baths, $0/Mo
Construction
BasementInterior, Concrete Floor, Dirt Floor
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone w/ Skim Coating House Color  White
Floors  Hardwood Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom Main Street, turn on to School Street then left on St. Paul Street. House will be on the right.
Lot Description
Garage & Parking  Yes
Road Frontage  50 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RESD 1
School District  Montpelier School District Middle  Main Street Middle School
Elementary  Union Elementary School High  Montpelier High School
Heat Fuel  , Oil Excluded  
Heating/Cool  None, Radiators Negotiable  
Sewer  Public Parcel Access ROW  No
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co  Xfinity Documents  
Electric  Circuit Breaker Tax ID  405-126-11791
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† The remarks published on this webpage originate from Listed By Martha Lange of BHHS Vermont Realty Group/Montpelier 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.