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 Montpelier’s restaurants and shopping. 48 hours notice for showings please, no exceptions.
Property Details
Property Features
Property Information:
Year Built: 1850
Stories: 2
Living Area: 5,084 SqFt
Listing Office:
Office Name: Green Light Real Estate
Office Phone: (802) 225-6425
Listing Agent: Ray Mikus
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Parking: Driveway, Reserved
Virtual/3D Tour
3D Tour: 184 Elm St
3D Tour
Lot Features
Lot Information:
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Heat Pump, Steam, Zoned
Cooling: Zoned, None
School Info
Assigned Schools Information:
Main Street School, Public District Grades 6-8
Union Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Very easy to find, downtown Montpelier. GPS is all you need, not to be glib.
Price Information
Listing Price Info
Price Summary:
List Price: $1,450,000
Price Per SqFt: $285/SqFt
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Housing Market Comparison
See how this home compares to others in Montpelier, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/30/2024, 4:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 10, 2014
Jul 10, 2014Home Sold
$380,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Union Elementary School
1 Park Ave
Distance between this listing and this school0.32 miles
Public District Grades PK-5
Middle School
8
/10
Main Street School
170 Main St
Distance between this listing and this school0.15 miles
Public District Grades 6-8
Assigned Schools
6
/10
Union Elementary School
1 Park Ave
Distance between this listing and this school0.32 miles
Public District Grades PK-5
Nearby Schools
5
/10
Berlin Elementary School
372 Paine Tpke N
Distance between this listing and this school3.44 miles
Public District Grades PK-6
7
/10
East Montpelier Elementary School
665 Vincent Flats Rd
Distance between this listing and this school4.09 miles
Public District Grades PK-6
Assigned Schools
8
/10
Main Street School
170 Main St
Distance between this listing and this school0.15 miles
Public District Grades 6-8
Nearby Schools
5
/10
Barre City Elementary/Middle School
50 Parkside Ter
Distance between this listing and this school6.45 miles
Public District Grades PK-8
8
/10
Barre Town Elementary School
70 Websterville Rd
Distance between this listing and this school7.87 miles
Public District Grades PK-8
Nearby Schools
6
/10
U-32 High School (Uhsd #32)
930 Gallison Hill Rd
Distance between this listing and this school2.63 miles
Public District Grades 7-12
8
/10
Spaulding Uhsd #41
155 Ayers St
Distance between this listing and this school6.47 miles
Public District Grades 9-12
5
/10
Northfield Middle/High School
37 Cross St Unit 2
Distance between this listing and this school8.84 miles
The neighbors living near this home have an average income of $63,032. Typical income of Montpelier, VT residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 184 Elm St
What is the listing price of this property?
The listing price of 184 Elm St property is $1,450,000.
What type of property is this?
The property 184 Elm St is land located in Montpelier, Vermont, 05602.
Is this property for sale now?
Active Listing: 184 Elm St is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 184 Elm St are: Union Elementary School: GreatSchools Rating 6/10Main Street School: GreatSchools Rating 8/10
When was this property sold last time and for how much?
The last sale was on July 10, 2014 for $380,000. (source: MLS/tax record).
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This home is located at 184 Elm St in Montpelier, VT and zip code 05602. This 5,084 square foot home, which was built in 1850, sits on a 0.28 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $1,450,000.
In March 2024, from all listings sold in Montpelier, VT there were more than 2 sold above asking price, over 1 sold below and more than 2 were sold right at the asked price. Between February 2024 and March 2024, Montpelier, VT real estate market has seen increase in the number of listings by 11.1%.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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