Exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont, offering strong in-place income with significant upside potential. Located just minutes from downtown Vermont's capital city, this multi-family asset benefits from consistent rental demand driven by state government, healthcare, and professional employment centers. The property currently consists of seven residential units providing diversified income and reduced vacancy exposure. The existing configuration supports stable operations, while offering investors the opportunity to enhance returns through operational efficiencies, rent optimization, and strategic improvements. A compelling feature of this offering is the potential to add an additional 8th unit (buyer to verify permitting and zoning), creating further income expansion and long-term value growth. This value-add opportunity positions the asset for increased cash flow and improved economies of scale compared to smaller multi-family properties. At the current offering metrics, the property presents the potential for a 10%+ capitalization rate based on existing or optimized income projections, making it a rare high-yield opportunity in the Montpelier market. In a supply-constrained capital city with limited multi-unit inventory, assets at this scale are seldom available. Situated on Elm Street, the property offers convenient access to downtown amenities, shopping, restaurants, public services, and I-89 for regional connectivity. Tenants benefit from a walkable neighborhood setting combined with proximity to employment hubs and outdoor recreation that Central Vermont is known for. 254 Elm Street represents a unique opportunity to acquire scale, income stability, and value-add potential in one of Vermont's most resilient rental markets. Ideal for investors seeking strong cash flow today with expansion potential tomorrow.
Operating Expenses : Heat,Insurance,Other,Snow Removal,Trash,Water/Sewer
Construction: Wood Frame | Asbestos Exterior | Vinyl Siding
Year Built: 1890
Style: Historic Vintage | Multi-Family
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 10191
Above Grade Sq.Ft.: 8165
Basement: Dirt Floor | Partial | Exterior Access
Roof: Membrane | Asphalt Shingle
Seasonal: No
Heating: Oil | Baseboard | Hot Water | Radiator | Steam
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available | Telephone Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
City Lot | Corner
Lot size: 0.24 acres
Zoned: Mixed Use Residential)
Surveyed: Unk
Flood Zone: Unknown
Driveway: Gravel | Paved