2 months on rocket

184 Elm St, Montpelier, VT, 05602

$1,450,000

0.28 Acres
$285/SqFt
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
ParkingDriveway, Reserved
Year Built1850
HeatingHeat Pump, Steam, Zoned
CoolingNone, Zoned
BasementYes
MLS #4991351
Lot Size0.28 Acres
StatusActive

About 184 Elm St

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: None, Zoned

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.

Med. List Price

$445K

Med. Price/SqFt

$229

Avg. Days On Market

96

# of Sold Homes

4

184 Elm St vs Montpelier

89 DAYS ON ROCKET

-7 Days

$1,450,000

+$1.0M More

$285/SqFt

+$56 More

KEY TAKEAWAY

This property is $1.0M more than the Median List Price and $56/SqFt more than other homes in Montpelier, VT.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4991351

Listing Office:

  • Office Name: Green Light Real Estate
  • Office Phone: (802) 225-6425
  • Listing Agent: Ray Mikus

IDX© 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.

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: 7/13/2024, 2:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 10, 2014Home Sold
$380,000

History based on county public records data.

Payment Calculator

$7,304

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,414

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NMLS#3030

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

school-card-donut-2104116
6
/10
  • Union Elementary School

  • 1 Park Ave

  • 0.32 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2104117
8
/10
  • Main Street School

  • 170 Main St

  • 0.15 miles

  • Public District Grades 6-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $63,032. The most common annual income of people living in Montpelier, VT is between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

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 6/10
Main 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).

How much acreage is this property?

The property 184 Elm St is 0.28 acres.
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Rocket HomesVermontWashington CountyMontpelier05602184 Elm St

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.

The number of homes for sale in Montpelier, VT increased by 33.3% between May 2024 and June 2024. While the average time on the market in June 2024 was 96 days, the median list price was $445,000.

From Rocket Homes Real Estate and based on county public records data.

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