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281-285 River St, Montpelier, VT, 05602

$750,000

5.86 Acres
$220/SqFt
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
ParkingParking Spaces 11 - 20
Year Built1900
HeatingBaseboard, Hot Water, Wall Furnace
CoolingNone
BasementYes
MLS #4997608
Lot Size5.86 Acres
StatusActive

About 281-285 River St

Rare opportunity to own a Montpelier commercial/multi-family property on a 5.86 acre parcel. Conveniently located at the junction of Route 2 and Route 302, which provides excellent accessibility. This property consists of three separate buildings. One building contains 6 apartments: two 2-bedroom units, three efficiency units and one 1-bedroom unit. There is also a 2-bedroom cottage. The third building is vacant and in need of rehabilitation. This building previously consisted of 8 studio apartments. With existing tenants and room for expansion, this property provides a steady income stream. The vacant building allows for customization and value enhancement. Seize this opportunity to unlock the full potential of this property. Whether you’re an investor, developer, or entrepreneur, there’s so much you can achieve here! Seller is a Licensed Vermont Real Estate Broker.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,402 SqFt

Listing Office:

  • Office Name: William Raveis Barre
  • Office Phone: (802) 479-3366
  • Listing Agent: Michelle Hebert

Interior Features

Interior Information:

  • Basement: Yes
  • Flooring Type: Hardwood, Laminate, Vinyl

Exterior Features

Parking Information:

  • Parking: Parking Spaces 11 - 20

Lot Features

Lot Information:

  • Lot Size: 5.86 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water, Wall Furnace
  • Cooling: 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: From Exit 7, stay straight on Memorial Drive and then continue on Route 2 (River Street). At the junction of Route 2 and Route 302 stay right at the traffic circle, immediately as you exit the traffic circle the driveway is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $750,000
  • Price Per SqFt: $220/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

281-285 River St vs Montpelier

45 DAYS ON ROCKET

-51 Days

$750,000

+$305K More

$220/SqFt

-$9 Less

KEY TAKEAWAY

This property is $305K more than the Median List Price and $9/SqFt less than other homes in Montpelier, VT.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #4997608

Listing Office:

  • Office Name: William Raveis Barre
  • Office Phone: (802) 479-3366
  • Listing Agent: Michelle Hebert

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

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$3,811

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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-2109512
6
/10
  • Union Elementary School

  • 1 Park Ave

  • 1.88 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2109513
8
/10
  • Main Street School

  • 170 Main St

  • 2.06 miles

  • Public District Grades 6-8

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,919. Residents of Montpelier, VT typically earn between $35k-100k each year. The most common type of family is 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 281-285 River St

What is the listing price of this property?

The listing price of 281-285 River St property is $750,000.

What type of property is this?

The property 281-285 River St is land located in Montpelier, Vermont, 05602.

Is this property for sale now?

Active Listing: 281-285 River 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 281-285 River St are:
Union Elementary School: GreatSchools Rating 6/10
Main Street School: GreatSchools Rating 8/10

How much acreage is this property?

The property 281-285 River St is 5.86 acres.
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Rocket HomesVermontWashington CountyMontpelier05602281-285 River St

This home is located at 281-285 River St in Montpelier, VT and zip code 05602. This 3,402 square foot home, which was built in 1900, sits on a 5.86 acre lot. It has been listed on Rocket Homes since May 28, 2024 and is currently priced at $750,000.

The inventory of homes for sale in Montpelier, VT between May 2024 and June 2024 increased by 33.3%. 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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