254 Elm St, Montpelier, VT 05602

This for-sale multifamily property consists of seven residential units in a single apartment building at 254 Elm Street. The offering is described as not located in an active FEMA-designated flood zone and not impacted by flooding events. The current configuration provides multiple income streams through existing unit operations. The remarks further indicate room for value improvement through renovations, management enhancements, and rental adjustments over time.

The property is located in Vermont’s capital city, Montpelier. The surrounding tenant base is described as supported by state government offices, healthcare providers, educational institutions, and local businesses. Residents are noted to have easy access to downtown Montpelier’s restaurants, shops, recreation, and community amenities. Interstate 89 is also referenced as providing convenient regional access throughout Central Vermont. BikeScore is listed as 44 (Somewhat Bikeable) and WalkScore as 81 (Very Walkable).

For investors or buyers seeking a small-scale residential income asset, this building offers current in-place units with an explicitly stated possibility to add an eighth unit, subject to buyer verification of permitting and zoning. The remarks also mention potential opportunities to create additional units beyond that, with the precise feasibility requiring buyer confirmation. Property taxes are stated as accounted for in the operating expenses used in the financial information.