1 Park Street Underhill, Vermont 05454 MLS# 5083930

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For Sale Status

$1,199,000 List Price

Multi Type

9 Beds

6 Baths

5,328 Sqft

Listed By Julie Lamoreaux of Coldwell Banker Hickok & Boardman - (802)846-9583

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Underhill

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Brick House of Underhill

Long-Term Commercial Tenant

First Floor Unit 1 Hair Salon

First Floor Unit 1

Hardwood Floors

Big Windows

Established Business

First Floor Unit 1, 1/2 Bath

Common Hallway

First Floor Unit 2

Newly Refinished

First Floor Unit 2

First Floor Unit 2 Kitchen

First Floor Unit 2 Full Bath

First Floor Unit 2 Bedroom

First Floor Unit C

First Floor Unit C Kitchen

First Floor Unit C Bed 1

First Floor Unit C Bed 2

First Floor Unit C Bathroom

2nd Floor Unit A French Doors

Second Floor Unit A

Second Floor Unit A Laundry

2nd Floor Unit A Dining Area

2nd Floor Unit A Hardwood

Second Floor Unit A Bathroom

Second Floor Unit A Kitchen

Second Floor Unit A Bedroom 1

Second Floor Unit A Bedroom 2

2nd Floor Unit D Living Room

2nd Floor Unit D Built-ins

2nd Floor Unit D Bathroom

2nd Floor Unit D Kitchen

2nd Floor Unit D Laundry

2nd Floor Unit D Bed 1

2nd Floor Unit D Bed 2

2nd Floor Unit D Private Porch

3rd Floor Unit B Bedroom

3rd Floor Unit B Kitchen

3rd Floor Unit B Living Room

3rd Floor Unit B Bedroom 1

3rd Floor Unit B Bedroom 2

Aerial View

Detached Barn & Parking

Turn-Key Investment in Underhill

Fantastic, turn-key 6-unit commercial building in the center of Underhill's charming downtown. Fully rented with annual leases featuring off-street parking, accessory barn, and many updates throughout this historic and charming town icon. Long-term commercial tenant and residential tenants make this a diverse addition to any portfolio. Each unit has in-unit laundry, 2 off-street parking spaces, updated appliances, and charming features. Tenant pays electricity, hot water, and internet. Landlord pays heat, trash, water, and yard/driveway maintenance.

• Charming & historic village center icon
• Four 2-bed, one 1-bed, & one commercial
• 2 off-street parking spots for each unit
• In-unit laundry for each tenant
• Updated utilities, septic, & appliances
• Detached barn

Cooperation Fee - 2.5%

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% 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

1 Park Street Underhill

Property Details

Essentials

List Price 1,199,000	Bedrooms 9	Garage Size Car
Cooperation Fee 2.5%	Total Bathrooms 6	Year Built 1856
MLS# 5083930	Lot Size 0.6 Acres	Taxes $11,932
Type Multi-Family	Days on Market 68 Days	Tax Year 2025
Units 6	Stories 1/2/1900	Road Frontage 200
Annual Income $110,820	Style	Water Frontage
Annual Expenses $0	Finished 5,328 Sqft	Construction No, Existing
Zoning Mixed Use	Above Grade 5,328 Sqft	Seasonal No
Total Rooms 9	Below Grade 0 Sqft	List Date Apr 16th, 2026

Expenses

Gross Income $110,820	Operating Expenses $0	Net Income $73,870

Expenses Includes

Unit Size & Rent

Unit 1 0 Beds, 1 Baths, 500 SqFt, $1,050/Monthly	Unit 2 1 Beds, 1 Baths, 550 SqFt, $1,595/Monthly
Unit 3 2 Beds, 1 Baths, 950 SqFt, $2,100/Monthly	Unit 4 2 Beds, 1 Baths, 940 SqFt, $1,315/Monthly
Unit 5 2 Beds, 1 Baths, 650 SqFt, $1,795/Monthly	Unit 6 2 Beds, 1 Baths, 650 SqFt, $1,250/Monthly

Building

Construction
BasementInterior, Unfinished, Full, Basement Stairs
Interior Features
Exterior Features

Exterior	Disability Features
Foundation	House Color Brick
Floors Tile, Carpet, Hardwood	Building Certifications
Roof Slate	HERS Index

Property

DirectionsRoute 15 to Underhill. Turn onto the northerly portion of Park Street and Brick House of Underhill is on the corner of Route 15 and Park Street. See sign. Parking in back.
Lot DescriptionNo, Private
Garage & Parking No

Road Frontage 200	Water Access
Driveway Gravel, Dirt	Water Type
Flood Zone No	Water Body
Zoning Mixed Use

Schools

School District Underhill ID School District	Middle Assigned
Elementary Underhill Central School	High Assigned

Utilities

Heat Fuel	Excluded
Heating/Cool None, Baseboard	Negotiable
Sewer Septic, Private	Parcel Access ROW
Water	ROW for Other Parcel
Water Heater	Financing
Cable Co	Documents Property Disclosure, Deed
Electric Circuit Breaker	Tax ID 660-208-10092

✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.