53 North Street Montpelier, Vermont 05602 MLS# 5094269

Multi-Unit in Montpelier

A rare offering: a well-maintained 3-unit apartment building situated close to downtown Montpelier, the middle school, the library, and all the amenities the capital city has to offer. This property is not located in a flood plain. A versatile property that suits a wide range of buyers. Investors will appreciate the strong income potential of three established units. Option to occupy one unit while rental income from the others offsets the mortgage. The layout also lends itself beautifully to multi-generational living, allowing independent living spaces under one roof. One unit is currently vacant, offering immediate flexibility for an owner-occupant or a new tenant at market rent. The building has been carefully maintained throughout. A beautiful front porch graces the home, and Unit 1 enjoys its own private covered porch. Ample storage adds practicality and convenience for owners and tenants alike. Located in a fantastic neighborhood with convenient access to shops, restaurants, schools, and downtown, this property combines solid condition, an exceptional location, and built-in flexibility - a combination that rarely comes to market.

• Three Units
• Great Character
• Excellent Location
• Not in Flood Plain
• Close to Downtown
• Owner Occupy or Rent

Cooperation Fee - 2.5% (Broker's Agents Excluded)

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% (Broker's Agents Excluded) with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.✱

Property Location

Property Details