New

$795,000

8 hours ago

254 Elm St, Montpelier, VT

Name: 254 Elm St, For Sale in Montpelier - eXp Realty
Brand: Vermont Life Realtors
SKU: 5076350
Price: 795000 USD

0 Bed

0 Bath

8165 sqft

MLS® 5076350

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 8165 sqft

Garage No

Taxes

Days Active 0

Lot Size 0.24 acres

Approx. Age 1890

Avg. Price Per Sqft $97

MLS® Number 5076350

Property Address: 254 Elm St, Montpelier, VT, 05602-2209

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont, offering strong in-place income with significant upside potential. Located just minutes from downtown Vermont’s capital city, this multi-family asset benefits from consistent rental demand driven by state government, healthcare, and professional employment centers. The property currently consists of seven residential units providing diversified income and reduced vacancy exposure. The existing configuration supports stable operations, while offering investors the opportunity to enhance returns through operational efficiencies, rent optimization, and strategic improvements. A compelling feature of this offering is the potential to add an additional 8th unit (buyer to verify permitting and zoning), creating further income expansion and long-term value growth. This value-add opportunity positions the asset for increased cash flow and improved economies of scale compared to smaller multi-family properties. At the current offering metrics, the property presents the potential for a 10%+ capitalization rate based on existing or optimized income projections, making it a rare high-yield opportunity in the Montpelier market. In a supply-constrained capital city with limited multi-unit inventory, assets at this scale are seldom available. Situated on Elm Street, the property offers convenient access to downtown amenities, shopping, restaurants, public services, and I-89 for regional connectivity. Tenants benefit from a walkable neighborhood setting combined with proximity to employment hubs and outdoor recreation that Central Vermont is known for. 254 Elm Street represents a unique opportunity to acquire scale, income stability, and value-add potential in one of Vermont’s most resilient rental markets. Ideal for investors seeking strong cash flow today with expansion potential tomorrow.

MLS® Number5076350

Laundry Level

Central VacNo

FireplaceNo

Acreage0.24

Exterior

GarageNo

Approx. Age1890

BasementDirt Floor, Exterior Entry, Partial

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 11, 2026List Date

$795,000List Price

Feb 10, 2025End Date

$650,000Sold Price

Sold

Oct 25, 2024List Date

$749,000List Price

Commute

Commute

Starting Address

Destination Address

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