Mad River Valley Real Estate
43 E State Street, Montpelier, VT
List Price: $649,000
Bedrooms:
Bathrooms: 0
Sq. Ft.: 3482
Acres: 0.24
Mad River Valley Real Estate
5513 Main St, Waitsfield, VT 05673
Phone: 802-496-5000
Email: info@mrvre.com
Website: www.mrvre.com
Property Description
Exceptional Investment Opportunity in the Heart of Downtown Montpelier!This four-unit multifamily property offers a rare chance to own a well-maintained income producer in Vermont's vibrant capital city. Completely renovated in 1984--with a poured concrete foundation, new electrical, and modern plumbing--this property has been carefully maintained for over 40 years by the same owner. Three of the four spacious units feature beautiful hardwood flooring and each has its own designated off-street parking space. Tenants enjoy unbeatable convenience with public transportation, shopping, dining, bars, the hospital, and the I-89 corridor all just minutes away.Whether you're seeking a solid addition to your portfolio or a seamless 1031 exchange opportunity, this property is a standout. Thoughtfully cared for and ideally located, it's a perfect fit for the discerning investor.
Property Details
Basic Information
- MLS Number:
- 5017370
- List Price:
- $649,000
- Bathrooms:
- 0
Location
- Street:
- E State Street
- Building Number:
- 43
- City:
- Montpelier
- State:
- VT
- Zip:
- 05602
- County:
- Washington
- School District:
- Montpelier School District
- Elementary School:
- Union Elementary School
- Middle School:
- Main Street Middle School
- High School:
- Montpelier High School
Property
- Acres:
- 0.24
- Lot Description:
- City Lot,
Sidewalks,
In Town,
Near Shopping,
Neighborhood,
Near Public Transportatn,
Near Hospital
- Zoning:
- RESD 1
- Driveway:
- Paved
- Road Frontage:
- 85
- Property Type:
- RI
Building
- Year Built:
- 1877
- Floors:
- Carpet,Ceramic Tile,Hardwood,Vinyl
- Basement:
- Interior
- Foundation:
- Concrete
- Style:
- Apartment Building
- Construction:
- Clapboard Exterior
- Square Feet:
- 3482
Exterior
- Roof:
- Membrane
- Exterior:
- Covered Porch
Utilities
- Electric:
- 100 Amp Service
- Cooling:
- None
- Sewer:
- Public
Legal
- Surveyed:
- Unknown
Amenities
- Garage Spaces:
- 2
Other
- Broker Name:
- Dome Real Estate Group LLC
- Agent Name:
- Jeanne Felmly
- Office Phone:
- 802-793-8370
- Status:
- Active Under Contract
- Latitude:
- 44.259146
- Longitude:
- -72.573281
Photos
Listed by Jeanne Felmly of Dome Real Estate Group LLC
Copyright 2024 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.