Back to Search ResultsSold Status
$649,000 Sold Price
Multi Type
5 Beds
4 Baths
2,793 Sqft
Sold By Signature Properties of Vermont
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Washington County
Exceptional Investment Opportunity in the Heart of Downtown Montpelier!This four-unit multifamily property offers a rare chance to own a well-maintained income producer in Vermont’s vibrant capital city. Completely renovated in 1984—with a poured concrete foundation, new electrical, and modern plumbing—this property has been carefully maintained for over 40 years by the same owner. Three of the four spacious units feature beautiful hardwood flooring and each has its own designated off-street parking space. Tenants enjoy unbeatable convenience with public transportation, shopping, dining, bars, the hospital, and the I-89 corridor all just minutes away.Whether you’re seeking a solid addition to your portfolio or a seamless 1031 exchange opportunity, this property is a standout. Thoughtfully cared for and ideally located, it’s a perfect fit for the discerning investor. †
Property Location
Property Details
| Sold Price $649,000 | Sold Date Jan 5th, 2026 | |
|---|---|---|
| List Price 649,000 | Bedrooms 5 | Garage Size 2 Car |
| Cooperation Fee Unknown | Total Bathrooms 4 | Year Built 1877 |
| MLS# 5017370 | Lot Size 0.24 Acres | Taxes $10,541 |
| Type Multi-Family | Days on Market 628 Days | Tax Year 2024 |
| Units 4 | Stories 2 | Road Frontage 85 |
| Annual Income $57,000 | Style Neighborhood | Water Frontage |
| Annual Expenses $0 | Finished 2,793 Sqft | Construction No, Existing |
| Zoning RESD 1 | Above Grade 2,793 Sqft | Seasonal No |
| Total Rooms 5 | Below Grade 0 Sqft | List Date Oct 4th, 2024 |
| Gross Income $57,000 | Operating Expenses $0 | Net Income $39,285 |
|---|
| Expenses Includes |
|---|
| Unit 1 1 Beds, 1 Baths, $1,250/Monthly | Unit 2 2 Beds, 1 Baths, $1,750/Monthly |
|---|---|
| Unit 3 1 Beds, 1 Baths, $850/Monthly | Unit 4 1 Beds, 1 Baths, $900/Monthly |
| Construction |
|---|
| BasementInterior, Unfinished, Unfinished, Interior Access |
| Interior Features |
| Exterior Features |
| Exterior | Disability Features |
|---|---|
| Foundation | House Color Grey |
| Floors Vinyl, Carpet, Ceramic Tile, Hardwood | Building Certifications |
| Roof Membrane | HERS Index |
| DirectionsFrom Main Street in downtown, turn onto East State Street. Go 0.1 mile, property on right. |
|---|
| Lot DescriptionYes, Near Bus/Shuttle, Near Public Transportatn, Near Hospital |
| Garage & Parking Yes |
| Road Frontage 85 | Water Access |
|---|---|
| Driveway Paved | Water Type |
| Flood Zone No | 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 , Propane, Gas Heater | Excluded |
|---|---|
| Heating/Cool None | Negotiable |
| Sewer Public | Parcel Access ROW |
| Water | ROW for Other Parcel |
| Water Heater | Financing |
| Cable Co | Documents Property Disclosure, Deed, Lease Agreements, Property Disclosure, Tax Map |
| Electric 100 Amp Service | Tax ID 40512610967 |
† The remarks published on this webpage originate from Listed By Jeanne Felmly of Dome Real Estate Group LLC 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.
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