Each Unit of the 2-Unit duplex has 2-bedrooms, 2-bonus rooms and is a stones throw from downtown Montpelier, offering strong rental potential in a highly desirable market. Each unit is separately metered and equipped with its own furnace, electrical service, and washer/dryer hookupsâ??minimizing owner expenses and providing tenants with independent utilities. Additionally each unit has their own independent driveways and entrances. The property provides easy access to downtown Montpelier and all it offers!
Well-maintained two-unit property conveniently located near downtown Montpelier. Each generously sized apartment offers separate access to the basement, providing privacy and additional storage or utility space. The building also features access to a large attic, offering ample storage and potential for future expansion. In addition to its spacious layout and walkable location near shops, restaurants, and public transportation, this property presents added investment opportunity: several adjacent lots are also available for sale, making it an excellent option for buyers looking to expand, invest, or explore development potential. Whether youâ??re seeking a strong addition to your investment portfolio or a versatile property with long-term potential, this is a rare chance to own a well-positioned property in a desirable area. Be sure to check out the adjacent lots also listed. MLS #5042844 #5042734 #5042843
Great opportunity to own a spacious two-unit building in downtown Montpelier. The structure is not located in a flood zone and the is a LOMA attached. This two unit could easily be converted back to a SINGLE FAMILY HOME by just unlocking two doors! Both units are currently rented. The two car garage fits two small cars and there is storage on the second level. The building is located on a low maintenance tenth of an acre lot. Besides the garages, there is plenty of off street parking in the driveway. The first floor one bedroom unit is rented for $1,560/month and the second floor two bedroom unit is rented for $1,600. Heat (oil steam radiators), gas for ranges, water and sewer are included in rent. Tenants pay their own electric, hot water, trash, internet and cable. Each unit has a garage. There is a large storage space on the back of the building on each floor with stairs to the garage. The large fully equipped kitchens have gas ranges and full size refrigerators. Each unit has a covered porch at its private entry where a table and chairs could be set up to enjoy the lovely weather. Water came up through a hole in a drain in the basement in the July 2023 flood, but the drain has been fixed and a check valve has been installed to prevent future backflow. Water only came in to the basement in 2023 an no water came up in to the house.
Exceptional Investment Opportunity in the Heart of Downtown Montpelier!This four-unit multifamily property offers a rare chance to own a well-maintained income producer in Vermontâ??s vibrant capital city. Completely renovated in 1984â??with a poured concrete foundation, new electrical, and modern plumbingâ??this property has been carefully maintained for over 40 years by the same owner. Three of the four spacious units feature beautiful hardwood flooring and each has its own designated off-street parking space. Tenants enjoy unbeatable convenience with public transportation, shopping, dining, bars, the hospital, and the I-89 corridor all just minutes away.Whether youâ??re seeking a solid addition to your portfolio or a seamless 1031 exchange opportunity, this property is a standout. Thoughtfully cared for and ideally located, itâ??s a perfect fit for the discerning investor.
Montpelier is located in Vermont. Montpelier, Vermont has a population of 7,966. Montpelier is more family-centric than the surrounding county with 27.25% of the households containing married families with children. The county average for households married with children is 25.52%.
The median household income in Montpelier, Vermont is $71,163. The median household income for the surrounding county is $70,128 compared to the national median of $69,021. The median age of people living in Montpelier is 44.7 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 5.5 degrees. The average rainfall is approximately 43.1 inches per year, with 96.1 inches of snow per year.
