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

184 Elm Street, Montpelier, VT 05602

Commercial Sale, Montpelier, VT

Property SizeContact for details
Lot Size0.28 Acres
Days on Market4

Property Features for 184 Elm Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning Mixed Use Residential
Rooms Basement
Parking features Driveway, Assigned
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
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2026
Tax Annual Amount 17411

Utilities

Water source Public

Building Details

Year built 1850
Listing Agency: KW Vermont-Stowe · Keller Williams Realty
Listed By: Kelly Realty Group
Added: Aug 27 Last Checked: Aug 30 at 1:06AM
MLS# 5107094

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 property at 184 Elm Street includes renovated units with updated kitchens and bathrooms. The building dates to 1850 and sits on 0.28 acres, with assigned parking and driveway access, a basement, and public water service. All units are occupied, providing established tenancy at the time of listing.

The property is within walking distance of downtown Montpelier, including restaurants, shops, cafes, entertainment, employment centers, and everyday amenities. Montpelier’s tenant base is supported by state government, Central Vermont Medical Center, National Life Group, Cabot Creamery, educational institutions, professional services, and local businesses. Zoning is Mixed Use Residential. An elevation certificate is available, and the property does not require flood insurance.

Key Highlights

  • Six‑unit multifamily property with 100% occupancy
  • Renovated units with modern kitchens and bathrooms
  • 0.28‑acre property 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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Fully occupied property with updated kitchens, bathrooms, assigned parking, and public water service.
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: Six‑unit multifamily property with 100% occupancy; Renovated units with modern kitchens and bathrooms; 0.28‑acre property at 184 Elm Street, Montpelier, VT 05602
More about this property
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