7-Unit Multifamily
For Sale
$695,275
Pending
254 Elm St, Montpelier, VT 05602
A 7-unit residential building positioned for dependable rental income and potential expansion with buyer verification.
Property Size8,165 SF
Days on Market135
Property Features for 254 Elm St
General Information
Standard status
Pending
Size
8,165 SF
Property subtype
Commercial
Zoning
Mixed Use Residential
Taxes and HOA fees
Annual Taxes
$13,190
Building Details
Year Built
1890
Listing Agency:
RE/MAX North Professionals
Listed By:
Gurjot Singh
(802) 923-6658
Source:
Thepaulmartinteam
Added: Jun 25
Changed: Oct 31
Last Checked: Nov 6 at 8:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX North Professionals
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Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 7‑unit residential building at 254 Elm Street in Montpelier, built in 1890
- Not located in an active FEMA‑designated flood zone and not impacted by flooding events (per remarks)
- Potential to add an 8th unit—buyer to verify permitting and zoning
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - A 7-unit residential building positioned for dependable rental income and potential expansion with buyer verification.
Where is this apartment building located?
The property is located at 254 Elm St Montpelier, VT.
What is the asking price?
The asking price for this property is $695,275.
What are key features of this property?
This property features: 7‑unit residential building at 254 Elm Street in Montpelier, built in 1890; Not located in an active FEMA‑designated flood zone and not impacted by flooding events (per remarks); Potential to add an 8th unit—buyer to verify permitting and zoning
