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USAVTMontpelier254 Elm St
Listing image | Image 1

254 Elm St, Montpelier, VT

House

For Sale

Listed price in listed location currency (USD).
$739,175

000

MLS® 5096015

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 8165 sqft
Garage 
Taxes $13,190
Days Active 25
Lot Size 0.24 Acres
Approx. Age 1890
Avg. Price Per Sqft $90
MLS® Number 5096015

Property Address: 254 Elm St, Montpelier, VT, 05602-2209

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number5096015
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1890
BasementDirt Floor, Exterior Entry
Driveway
Garage Spaces
HeatOil, Baseboard
A/CNone

Extras

Price History

Last Sold Price

$650,000$650K

Appreciation

--

Avg. Days Listed

132 days

Today, For Sale for $739,175

For Sale · 25 days

$739,175

MLS® 5096015

A month ago

Not Sold Yet

June 2026, For Sale for $739,175

For Sale · 25 days

$739,175

MLS® 5096015

A month ago

Not Sold Yet

February 2026, For Sale for $745,175

For Sale · 156 days

$745,175

MLS® 5076350

5 months ago

Not Sold Yet

February 2025, Sold for $650,000

Sold · 107 days

$650,000$749,000

MLS® 5019974

A year ago

Sold on Feb 10, 2025

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