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Six-Unit Apartment Building
New
For Sale
$1,100,000

184 Elm Street, Montpelier, VT 05602

Multi-Family, Montpelier, VT

Property Size5,180 SF
Lot Size0.28 Acres
Price / SF$212.36
Days on Market3

Property Features for 184 Elm Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Mixed Use Residential
Bedrooms 9
Bathrooms 7
Full bathrooms 7
Rooms Bedroom 9, Bedroom 1, Bathroom 5, Bathroom 4, Basement, Bathroom 3, Bathroom 7, Bedroom 2, Bedroom 5, Bedroom 8, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 6, Bedroom 7, Bathroom 6, Bedroom 3
Lot features Landscaped, Sidewalks, In Town, Near Shopping, Neighborhood, Near Hospital, Near School(s)
Elementary school Union Elementary School
Middle school Main Street Middle School
High school Montpelier High School
Elementary school district Montpelier School District
Middle school district Montpelier School District
High school district Montpelier School District
Directions Take exit 8 off I-89 onto US-2/VT-12 for .5 miles. Continue onto Memorial Dr for 1.2 miles. Turn left onto Main St for .5 miles. At Keck Cir, take the 2nd exit onto Spring St. for .1 Mile. Turn right onto Elm St. Property will be on your left in 236 feet. Please park on Road.
Standard status Active
Size 5,180 SF
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 17411

Utilities

Heating system Oil, Ductless (Heating)
Cooling system Zoned, Ductless
Water source Public

Building Details

Year built 1850
Floors in Building 2
Number of units 6
Building materials Wood Frame, Clapboard Exterior
Roof type Shingle
Architectural style Other
Listing Agency: KW Vermont-Stowe · Keller Williams Realty
Listed By: Kelly Realty Group
Added: Aug 27 Last Checked: Aug 29 at 7:06PM
MLS# 5107021

Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This six-unit apartment building contains 5,180 square feet on a 0.28-acre lot and is reported as 100% occupied. Renovated units include modern kitchens and bathrooms. The property was built in 1850, with wood-frame construction, clapboard exterior, and a shingle roof. Heating is provided by oil and ductless systems, while cooling includes zoned and ductless equipment. Public water serves the property.

Located at 184 Elm Street in Montpelier, Vermont, the building is within walking distance of downtown restaurants, shops, cafes, entertainment, employment centers, and everyday amenities. The property is zoned Mixed Use Residential. An elevation certificate is available, and the property does not require flood insurance.

Key Highlights

  • 6‑unit apartment building with 5,180 square feet
  • 100% occupied
  • 0.28‑acre lot at 184 Elm Street, Montpelier, VT 05602

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Repair Shop HVAC Service Auto Parts Store (Bike/Boat/Book/etc) Store Locksmith Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,344
Businesses Nearby

Demographics for 05602, VT

12,235
Population
5,961
Households
2.1
Avg Household Size
46
Median Age
61%
College-Educated
97%
High-School Grad
87.8 sq mi
ZIP Area
139
Density / Sq Mi
$81,552
Median Household Income
$51,127
Median Earnings
$1,184
Median Rent
$341,700
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied property with renovated units, modern kitchens, and updated bathrooms in a mixed-use residential setting.
Where is this apartment building located?
The property is located at 184 Elm Street Montpelier, VT.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6‑unit apartment building with 5,180 square feet; 100% occupied; 0.28‑acre lot at 184 Elm Street, Montpelier, VT 05602
More about this property
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