List Price: $669,000 | $208 per sq.ft. Multi Family
Price Change! Reduced by $81,000 down 12% on July 22nd 2026
A 4 Unit Multi Family Home
With 1 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Listed Tuesday Jun 30, 2026 | MLS# 5097410
198 Elm Street Manchester VT
Listed by The Nancy Jenkins Team Nancy Jenkins Real Estate
Rare opportunity to own a well-maintained 4-unit property in the heart of Manchester, one of Southern Vermont's most sought-after destinations. Offered at an attractive 8% cap rate, this unique investment features a charming 2-bedroom, 2-bath carriage house, two 2-bedroom, 1-bath units, and a 1-bedroom, 1-bath apartment, providing an appealing mix for a variety of tenants. Recent updates include new flooring installed in one unit in 2026, further enhancing the property's appeal. Manchester is renowned for its blend of small-town charm and year-round recreation. Residents enjoy easy access to world-class skiing, hiking, golf, fly fishing, and the scenic beauty of the Green Mountains, along with upscale dining, boutique shopping, and cultural attractions. The area's strong sense of community and vibrant four-season lifestyle continue to make it one of Vermont's premier destinations. Whether you're expanding your portfolio or seeking a quality asset in an exceptional location, this property offers the perfect combination of income, character, and long-term value.3D Virtual Tours Available Upon Request. Operating Expenses : Insurance,Snow Removal,Water/Sewer
Annual Expenses

Taxes: $7,079
Income
Gross Income | $78,000
NetIncome | $60,279

UNIT 1

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 286
Rent : 1100.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 2

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 840
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes

UNIT 3

Beds: 2
Baths: 1
Sq.Ft.: 840
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased

UNIT 4

Beds: 2
Baths: 2
Sq.Ft.: 1250
Rent : 2400.00 Monthly
Lease Term : Annual
Status : Leased
Construction: Wood Frame
Year Built: 1900
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5058
Above Grade Sq.Ft.: 3216
Basement: Crawl Space
Roof: Shingle | Slate
Seasonal: No
Heating: Propane | Baseboard | Electric
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
Near Shopping | Neighborhood | Near Public Transport
Lot size: 0.24 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel


Taxes $7,079
Assesed Value Not Reported
Schools

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