Discover the charm of this beautiful historic home, currently utilized as a duplex but easily convertible back to a single-family residence. This property features a wrap around porch, convenient carport, beautiful hardwood floors, updated kitchens and baths, and a sunroom upstairs that invites natural light and warmth. The dry walk-out basement, unaffected by recent flooding, houses a high-efficiency Buderus boiler and a classic soapstone laundry sink. Situated directly across from the Vermont College Green and just a block from Sabinâ??s Pasture with its scenic walking trails, this property offers both comfort and convenience in the heart of Montpelier, whether youâ??re seeking an investment opportunity or a place to call home.
On Sibley Avenue in Montpelier, this side by side duplex is a time tested design with two spacious two bedroom apartments. Unit 1 is a four room apartment with an eat in kitchen, old time walk in pantry and living room plus an enclosed from porch and covered side porch all on the main level. Upstairs two bedrooms and a bathroom. Heated with an oil hot air furnace and hot water is via a new hybrid electric hot water heater. A mini split heat pump unit also provides heat or AC. Unit 2 is larger with five rooms including a big open living and dining room with hardwood flooring, a classic kitchen. Both a side porch off the kitchen and enclosed front porch. Upstairs two bedrooms, a bathroom and storage room that accesses an enclosed second level porch. Access to the walkup attic is from this apartment. An oil steam heating system and electric hot water heater service this space. Laundry hookups are available in both units. In 2023 a new architectural shingle roof was installed. The basics are good and the location is great. The south facing site has separate driveways for each apartment. Near the Coop and recreation path and easy access to Downtown Montpelier. This home offers a wonderful opportunity to live on one side and let the rent from the adjacent apartment contribute to your cost of homeownership. Make your updates and enjoy this home for years to come.
Great opportunity to own and live in a spacious two-unit building in downtown Montpelier and have tenants help pay your mortgage and expenses. OR, this two unit could easily be converted back to a SINGLE FAMILY HOMES by just unlocking two doors! Live upstairs in the vacant unit, park your car in one of the two garage spaces and walk everywhere or rent out the second floor unit for double the income. Located on a low maintenance tenth of an acre lot. Besides the garages, there is plenty of off street parking. First floor one bedroom unit is rented for $1,520/month and the second floor two bedroom unit is currently vacant. 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 the basement drain in the July 2023 flood. Flood waters did not come up to the house. Owner's current commercial mortgage does NOT require flood insurance.
Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. **Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone.** Incredibly convenient to downtown Montpelierâ??s restaurants and shopping. 48 hours notice for showings please, no exceptions.
Excellent opportunity to own prime commercial/residential space in Montpelier near I89, public transportation, schools, CVMC Hospital and shopping. The 6,686 square foot building is currently comprised of 13 offices and 6 airbnb rooms, one full bath, one 3/4 bath and two half baths (one handicap accessible), two kitchenettes and over 30 parking spaces. There are many preserved original details throughout the front portion of the building including a spectacular two level porch with dramatic columns. This property has prime road frontage on Route 2/State Street and ample signage. It's is a 5 minute walk to the State House and center of town. Perfect for investment, conversion to rental property or 1031 exchange! The July flooding did affect the building but it has been restored and renovated as is ready for immediate occupancy. Also listed as commercial: MLS#4985913.
Montpelier is located in Vermont. Montpelier, Vermont has a population of 7,584. Montpelier is more family-centric than the surrounding county with 26.87% of the households containing married families with children. The county average for households married with children is 26.36%.
The median household income in Montpelier, Vermont is $60,793. The median household income for the surrounding county is $60,602 compared to the national median of $57,652. The median age of people living in Montpelier is 44 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 3.4 degrees. The average rainfall is approximately 43.5 inches per year, with 94.2 inches of snow per year.
