Three-Unit Apartment
For Sale
$395,000
Pending
53 North St, Montpelier, VT 05602
Well-maintained three-unit income property with one vacant unit and covered porches for flexible owner-occupant living.
Property SizeContact for details
Days on Market50
Property Features for 53 North St
General Information
Standard status
Pending
Property subtype
Investment
Additional Details
Multifamily Units
3
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
(802) 752-2139
Listed By:
Kevin S Casey
(802) 752-2139
Source:
Elliman
Added: Jun 20
Changed: Jul 10
Last Checked: Aug 7 at 3:23AM
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 Kevin S Casey
Investment Insights
Based on property information with market context.
This well-maintained three-unit apartment building offers practical, established living arrangements under one roof. A front porch welcomes residents, and Unit 1 features its own private covered porch. The property includes ample storage for everyday convenience. One unit is currently vacant, providing immediate flexibility for an owner-occupant or a new tenant.
The building is located close to downtown Montpelier and near key neighborhood amenities, including the middle school and the library. It is also described as not being located in a flood plain, with convenient access to shops, restaurants, schools, and downtown.
For investors, the property’s three established units can support an income approach, with the added option to occupy one unit while receiving rental income from the others. The layout is also presented as well-suited for multi-generational living, with independent living spaces available within the same building. Overall, it offers a maintained condition plus configuration flexibility through the availability of one vacant unit.
The building is located close to downtown Montpelier and near key neighborhood amenities, including the middle school and the library. It is also described as not being located in a flood plain, with convenient access to shops, restaurants, schools, and downtown.
For investors, the property’s three established units can support an income approach, with the added option to occupy one unit while receiving rental income from the others. The layout is also presented as well-suited for multi-generational living, with independent living spaces available within the same building. Overall, it offers a maintained condition plus configuration flexibility through the availability of one vacant unit.
Key Highlights
- Well‑maintained 3‑unit apartment building built in 1910
- One unit is currently vacant, offering flexibility for an owner‑occupant or a new tenant
- Convenient location close to downtown Montpelier, the middle school, and the library
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,377
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?
Triplex - Well-maintained three-unit income property with one vacant unit and covered porches for flexible owner-occupant living.
Where is this triplex located?
The property is located at 53 North St Montpelier, VT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Well‑maintained 3‑unit apartment building built in 1910; One unit is currently vacant, offering flexibility for an owner‑occupant or a new tenant; Convenient location close to downtown Montpelier, the middle school, and the library
