43 E State Street Montpelier, Vermont 05602 MLS# 5017370

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Sold Status

$649,000 Sold Price

Multi Type

5 Beds

4 Baths

2,793 Sqft

Listed By Jeanne Felmly of Dome Real Estate Group LLC
Sold By Signature Properties of Vermont

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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

43 E State Street Montpelier

Property Details

Essentials

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

Expenses

Gross Income $57,000	Operating Expenses $0	Net Income $39,285

Expenses Includes

Unit Size & Rent

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

Building

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

Property

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

Schools

School District Montpelier School District	Middle Main Street Middle School
Elementary Union Elementary School	High Montpelier High School

Utilities

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.