List Price: $178,000 | $39 per sq.ft. Multi Family
Price Change! Reduced by $20,000 down 11% on July 6th 2026
A 6 Unit Multi Family Home
With 4 One Bedroom Units , 1 - Two Bedroom Units ,1 - Three Bedroom Units
Listed Saturday May 2, 2026 | MLS# 5086654
277 Summer Street St. Johnsbury VT
Listed by Adam Cross Flex Realty
This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.
Annual Expenses

Taxes: $4,156
Income

UNIT 1

Beds: 3
Baths: 1
Rooms: 0
Level: 1

UNIT 2

Beds: 2
Baths: 1
Rooms: 0
Level: 1

UNIT 3

Beds: 1
Baths: 1
Level: 2

UNIT 4

Beds: 1
Baths: 0
Rooms: 1
Level: 2

UNIT 5

Beds: 1
Baths: 1
Rooms: 0
Level: 3

UNIT 6

Beds: 1
Baths: 1
Construction: Wood Frame
Year Built: 1890
Style: Victorian
Floors | Stories: 3
No. Elevators:
Total Sq.Ft. Finished: 6176
Above Grade Sq.Ft.: 4592
Basement: Concrete Floor | Dirt Floor | Unfinished
Exterior Color: White
Roof: Membrane | Shingle | Slate
Seasonal: No
Heating: Oil | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available | Telephone Available
Electric Meters: 7
Water: Public
Sewer: Public
Land Information
Corner | In Town
Lot size: 0.2 acres
Zoned: Residential B)
Surveyed: Unk
Flood Zone: No
Road Frontage: 185
Driveway: Paved


Easement - Unknown
Taxes $4,156
Assesed Value Not Reported
Schools
Elementary School: St. Johnsbury Schools
Middle School: St. Johnsbury Schools
High School: Choice

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