List Price: $950,000 | $149 per sq.ft. Multi Family A 15 Unit Multi Family Home
With 10 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Monday Dec 15, 2025 | MLS# 5072098
124 Elm Street Bennington VT
Listed by Marek Kovac TPW Real Estate
A rare opportunity to acquire one of Southern Vermont's most adaptable residential investment properties. Currently known as the South Shire Inn, this landmark Victorian estate offers investors immediate income potential along with exceptional opportunities for future residential or mixed-use redevelopment. The property includes nine guest accommodations, owner's quarters, expansive common areas, a detached carriage house with additional guest accommodations, a commercial kitchen, and an established Thai restaurant providing existing rental income. Its flexible floor plan and MU1 zoning support a variety of permitted residential and mixed-use possibilities, including multifamily conversion, long-term or short-term rentals, workforce housing, owner occupancy, senior living, residential care, and other redevelopment opportunities, subject to local approvals. Originally built in 1887 by renowned architect William C. Bull, the property has been thoughtfully restored while preserving its architectural character. Located within walking distance of downtown Bennington's shops, restaurants, and cultural attractions, it offers investors a distinctive asset with exceptional long-term flexibility and redevelopment potential. Seller financing and lease-to-own opportunities may be available for qualified buyers.
Annual Expenses

Taxes: $17,529
Income
Construction: Wood Frame | Wood Exterior | Wood Siding | Spray Foam Insulation
Year Built: 1890
Style: Victorian
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 9248
Above Grade Sq.Ft.: 6388
Below Grade Sq.Ft.: 2500
Basement: Concrete | Concrete Floor | Finished | Insulated | Exterior Stairs | Interior Stairs | Locked Storage | Storage Space | Interior Access | Exterior Access | Basement Stairs
Roof: Architectural Shingle
Seasonal: No
Heating: Oil | Electric | Mini Split | Boiler
Cooling: Individual | Mini Split
Electric: 200+ Amp Service
Utilities: Cable | Other
Electric Meters:
Water: Public
Sewer: Public
Land Information
Corner | Neighbor Business | Sidewalks | In Town | Near Country Club | Near Golf Course | Near Paths | Near Shopping | Near Skiing | Neighborhood | Near Public Transport | Near Hospital
Lot size: 0.47 acres
Zoned: MU1)
Surveyed: Unk
Flood Zone: No
Road Frontage: 100
Driveway: Crushed Stone


Easement - Unknown
Taxes $17,529
Assesed Value Not Reported
Schools

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