Seven-Unit Apartment
For Sale
$739,175
254 Elm Street, Montpelier, VT 05602
MULTI_FAMILY - Other - Montpelier, VT
Property Size8,165 SF
Lot Size0.24 Acres
Price / SF$90.53
Days on Market49
Property Features for 254 Elm Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Mixed Use Residential
Bedrooms
13
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 2, Bedroom 8, Bathroom 2, Bedroom 7, Bedroom 3, Bedroom 5, Bathroom 4, Bedroom 11, Bathroom 1, Bedroom 12, Bathroom 3, Bathroom 6, Bathroom 5, Bedroom 9, Bathroom 7, Bedroom 13, Bedroom 1, Bedroom 10, Bathroom 8, Bedroom 4, Basement, Bedroom 6
Lot features
City Lot, Corner
Directions
From downtown Montpelier, head north on Main Street and continue onto Elm Street. Property is located on the left at 254 Elm Street, approximately 0.7 miles from the State House.
Standard status
Active
Size
8,165 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13190
Utilities
Utilities
Cable Available
Heating system
Oil, Baseboard
Water source
Public
Building Details
Year built
1890
Floors in Building
3
Number of units
7
Building materials
Wood Frame
Roof type
Membrane, Shingle
Architectural style
Other
Listing Agency:
RE/MAX North Professionals · RE/MAX International
(802) 655-3333
Listed By:
Gurjot Singh
(802) 655-3333
Added: Jun 21
Changed: Aug 2
Last Checked: Aug 8 at 11:06AM
MLS# 5096015
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 seven-unit apartment building is designed for residential income, with the current layout consisting of seven residential units. The property is wood-frame construction and was built in 1890. Heating is provided by oil heating and baseboard systems. The roof is described as shingle and membrane, and the building includes a basement.
The property sits on a 0.24-acre lot and has a total property size of 8,165 square feet. It is described as not located in an active FEMA-designated flood zone and not impacted by flooding events. Utilities include public water, and cable is available. The property is zoned Mixed Use Residential.
In addition to the existing seven-unit configuration, the remarks describe the possibility of adding an eighth unit, subject to buyer verification of permitting and zoning. The property also notes potential to achieve a 10%+ capitalization rate based on current or optimized operations, alongside opportunities for thoughtful renovations, improved management strategies, and rental adjustments over time.
The property sits on a 0.24-acre lot and has a total property size of 8,165 square feet. It is described as not located in an active FEMA-designated flood zone and not impacted by flooding events. Utilities include public water, and cable is available. The property is zoned Mixed Use Residential.
In addition to the existing seven-unit configuration, the remarks describe the possibility of adding an eighth unit, subject to buyer verification of permitting and zoning. The property also notes potential to achieve a 10%+ capitalization rate based on current or optimized operations, alongside opportunities for thoughtful renovations, improved management strategies, and rental adjustments over time.
Key Highlights
- Seven residential units in a wood‑frame apartment building
- 0.24‑acre lot with 8,165 square feet of total property size
- Not located in an active FEMA‑designated flood zone and not impacted by flooding events
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,297
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Seven residential units in a mixed-use residential zoned, wood-frame building with public water and cable available.
Where is this apartment building located?
The property is located at 254 Elm Street Montpelier, VT.
What is the asking price?
The asking price for this property is $739,175.
What are key features of this property?
This property features: Seven residential units in a wood‑frame apartment building; 0.24‑acre lot with 8,165 square feet of total property size; Not located in an active FEMA‑designated flood zone and not impacted by flooding events
