371 River Street, Montpelier, VT
- $349,000
- 3 bedrooms
- 1 bathrooms
- 1316 ft2
- 1.12 acres
Property Description
Tax bill dropped $3k this tax year! Unique property with many possibilities. It has an amazing 300 ft of road frontage and exposure. Live in the home and have the storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The very well maintained 1934 three-bedroom, one bathroom cape home has been getting $3,600./month with all utilities included for three tenants paying weekly. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. All units are likely to be charging under market rates, but there are many long term renters.
Property Details
Basic Information
- MLS Number:
- 5040756
- List Price:
- $349,000
- Bedrooms:
- 3
- Bathrooms:
- 1
Location
- Street:
- River Street
- Building Number:
- 371
- City:
- Montpelier
- State:
- VT
- Zip:
- 05602
- County:
- Washington
Property
- Acres:
- 1.12
- Lot Description:
- City Lot,
Corner,
Rental Complex
- Zoning:
- Residential, Eastern Gtwy
- Driveway:
- Circular,
Paved
- Road Frontage:
- 300
- Property Type:
- SFR
Building
- Year Built:
- 1934
- Full Baths:
- 1
- Floors:
- Carpet,Hardwood,Vinyl
- Total Rooms:
- 9
- Basement:
- Assigned Storage,
Locked Storage,
Unfinished,
Walkout
- Foundation:
- Concrete
- Construction:
- Vinyl Siding
- Square Feet:
- 1316
Interior
- Kitchen Size:
- Has Kitchen
- Living Room Size:
- Has Living Room
Exterior
- Roof:
- Metal
- Exterior:
- Outbuilding
Utilities
- Electric:
- Circuit Breaker(s)
- Cooling:
- None
- Sewer:
- Public
Legal
- Surveyed:
- Unknown
- Taxes:
- $9,447.84
Amenities
- Appliances:
- Refrigerator
Other
- Broker Name:
- BHHS Vermont Realty Group/Montpelier
- Agent Name:
- Martha Lange
- Office Phone:
- 802-223-6302
- Status:
- Active
- Latitude:
- 44.237609
- Longitude:
- -72.553800
- Waterfront:
- No
Map
Get Directions
Copyright PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers; personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/7/2025.
Mortgage calculator source: iHomefinder. Schools info source: GreatSchools. WalkScore source: WalkScore. Market Report Source: iHomefinder with data from PrimeMLS, Inc.