Not located in an active FEMA-designated flood zone and not impacted by flooding events, this exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, presents investors with a rare chance to acquire a well-positioned asset offering immediate income and future growth potential. Located in Vermont's capital city, the property benefits from a strong and diverse tenant base supported by state government offices, healthcare providers, educational institutions, and local businesses. The building currently consists of seven residential units, providing stable cash flow and minimizing vacancy risk through multiple income streams. Investors will appreciate the opportunity to further increase value through thoughtful renovations, improved management strategies, and rental adjustments over time. In addition to the potential for an eighth unit (buyer to verify permitting and zoning), there may be opportunities to create additional units, offering further upside and long-term value enhancement. Opportunities of this size are increasingly difficult to find in the Montpelier market, where inventory remains limited and demand for quality rental housing continues to be strong. With the potential to achieve a 10%+ capitalization rate based on current or optimized operations, the property stands out as an attractive option for investors seeking both yield and long-term appreciation. Situated on Elm Street, residents enjoy easy access to downtown Montpelier's restaurants, shops, recreation, and community amenities, while Interstate 89 provides convenient regional access throughout Central Vermont. Combining strong income characteristics, expansion possibilities, and a highly desirable location, 254 Elm Street offers a compelling opportunity for investors seeking a scalable asset in one of Vermont's most established and resilient rental markets. Please note that property taxes have been accounted for in the operating expenses used in the financial information.
This exceptional three-unit building, located in the historic district of Montpelier, offers the perfect blend of classic charm and modern comfort. The exterior maintains its historic beauty, while the interiors have been thoughtfully updated to meet today's standards. Each apartment features modern kitchens and bathrooms along with well-maintained finishes throughout, creating attractive and comfortable living spaces for tenants or owners alike. Residents enjoy convenient access to back porches and stairs leading to ample parking behind the building. The location is truly outstanding; not in the flood zone, just minutes from downtown Montpelier, a short walk to Hunger Mountain Co-op, and close to the newly completed bike path. Whether you're looking for a smart investment opportunity or hoping to live in one unit while generating income from the other two, this property offers flexibility and long-term potential. Lovingly owned by the same owner for many years, it is now ready for its next chapter. Ideal for both first-time investors and seasoned buyers expanding their portfolio. Schedule your showing today and explore all the possibilities this special property has to offer.
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.
