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Quadplex With Carriage House
For Sale
$669,000

198 Elm Street, Manchester, VT 05255

Multi-Family, Manchester, VT

Property Size3,216 SF
Lot Size0.24 Acres
Price / SF$208.02
Days on Market53

Property Features for 198 Elm Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Bedrooms 7
Bathrooms 5
Full bathrooms 5
Rooms Basement, Bathroom 3, Bedroom 3, Bedroom 2, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 7, Bathroom 1, Bedroom 4, Bathroom 4, Bedroom 1, Bathroom 5
Lot features Near Shopping, Neighborhood, Near Public Transport
Standard status Active
Size 3,216 SF
Lot size 0.24 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7079

Utilities

Utilities Cable Available
Heating system Electric (Heating), Baseboard, Propane (Heating)
Water source Public

Building Details

Year built 1900
Floors in Building 2
Number of units 4
Building materials Wood Frame
Roof type Slate, Shingle
Architectural style Colonial
Listing Agency: Nancy Jenkins Real Estate
Listed By: The Nancy Jenkins Team
Added: Jun 30 Changed: Aug 20 Last Checked: Aug 21 at 2:06AM
MLS# 5097410

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 quadplex at 198 Elm Street features a wood-frame Colonial-style main structure built in 1900 and includes multiple residential units: a 2-bedroom, 2-bath carriage house plus two 2-bedroom, 1-bath units and a 1-bedroom, 1-bath apartment. The property totals 3,216 square feet on a 0.24-acre lot.

Heating is provided via baseboard systems with electric and propane heat. The home is roofed with shingle and slate materials, and utility service includes cable availability. Water is supplied by public source.

Recent updates include new flooring installed in one unit in 2026. The property is zoned Residential and offers a tenant mix created by the different unit bedroom and bathroom configurations.

Key Highlights

  • 0.24‑acre lot with 3,216 SF quadplex at 198 Elm Street
  • Carriage house plus three additional apartments: 2 bed/2 bath, two 2 bed/1 bath, and 1 bed/1 bath
  • Wood‑frame Colonial construction built in 1900

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Electrical Service Garden Center (Bike/Boat/Book/etc) Store Auto Parts Store HVAC Service Catering Service

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

644
Businesses Nearby

Demographics for 05255, VT

4,018
Population
2,454
Households
1.6
Avg Household Size
52
Median Age
45%
College-Educated
96%
High-School Grad
38.5 sq mi
ZIP Area
104
Density / Sq Mi
$97,037
Median Household Income
$47,300
Median Earnings
$695
Median Rent
$393,800
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?
Multifamily property - Four-unit wood-frame quadplex with a 2-bedroom carriage house and three additional apartments, zoned residential.
Where is this multifamily property located?
The property is located at 198 Elm Street Manchester, VT.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: 0.24‑acre lot with 3,216 SF quadplex at 198 Elm Street; Carriage house plus three additional apartments: 2 bed/2 bath, two 2 bed/1 bath, and 1 bed/1 bath; Wood‑frame Colonial construction built in 1900
More about this property
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