131-133 Elm St Montpelier, VT 05602

Property Details for 131-133 Elm St

Year built

1900

Lot size

0.12 lot acres

Property size

6,117 SF

Property type

Commercial real estate

Description

This exceptional 6,117 square foot mixed-use building at 131-133 Elm Street in Montpelier, Vermont presents a unique investment opportunity. Situated on a 0.12-acre lot in the heart of downtown, this classic historic building offers a blend of commercial and residential space. The property currently comprises three one-bedroom apartments and a variety of smaller private offices and suites, some leased and some vacant, providing immediate income and future development potential. The building boasts charming historic wood details and abundant natural light, complemented by a small shared backyard and picturesque river views. Significant recent improvements include a new boiler and a newly installed mansard roof (both within the last year). Flood mitigation measures are in place, with the boiler and electrical panel strategically raised for protection. The flexible unit mix allows for a variety of uses and potential expansion of the residential component. This property offers a compelling combination of established income, historic character, and significant upside potential in a desirable downtown location. The building's prime location and attractive features make it an ideal investment for discerning buyers seeking a blend of income generation and long-term appreciation.