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    43 E State St Montpelier, VT 05602

    For Sale
    $649,000

    Four-unit multifamily property in downtown Montpelier, renovated in 1984.

    Lot size:
    0.24 Acres

    Property Features for 43 E State St

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1877

    Source: Dome Real Estate Group LLC Agent Jeanne Felmly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Montpelier Multifamily Investment

    This four-unit multifamily property presents an investment opportunity in downtown Montpelier, Vermont. The building was renovated in 1984, including a poured concrete foundation, new electrical systems, and modern plumbing. The property has been maintained by the same owner for over 40 years. Three of the four units feature hardwood flooring. Each unit includes a designated off-street parking space. The location provides access to public transportation, shopping, dining, bars, the hospital, and the I-89 corridor.
    Location Intelligence

    Current Use by Public Records

    Vermont Association For Mental Non-Profit Organization Honey Hill Studios Association / Organization

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montpelier
    County
    Washington
    State
    Vermont
    Longitude
    -72.5732406
    Latitude
    44.2592435

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    FAQs

    What type of property is this?
    Apartment building - Four-unit multifamily property in downtown Montpelier, renovated in 1984.
    Where is this apartment building located?
    The property is located at 43 E State St Montpelier, VT.
    What is the asking price?
    The asking price for this property is $649,000.
    What are key features of this property?
    This property features: - Four-unit multifamily property in downtown Montpelier, Vermont's capital city.; - Well-maintained and renovated in 1984 with poured concrete foundation, new electrical, and modern plumbing.; - Income-producing property, ideal for investment or 1031 exchange.
    (802) 793-8370
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    43 E State St Montpelier, VT 05602
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