Mad River Valley Real Estate
371 River Street, Montpelier, VT
List Price: $329,900
Bedrooms: 3
Bathrooms: 1
Sq. Ft.: 1316
Acres: 1.12
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
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 taxes and expenses. Or, rent the house to tenants or a business to add to the income from the storage units. This property went through a change of use permit (attached) from Commercial to Residential zoning in 2025. The very well maintained 1934 three-bedroom (lister card says two bedrooms), one bathroom cape home has recently been getting $3,600./month with all utilities included for three individual tenants paying weekly. The home has been an office building for several businesses in the past. Features include hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable first floor laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement which 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. No confirmation or research has been done by the owners, but the size of the lot seems to support further development.
Property Details
Basic Information
- MLS Number:
- 5040756
- List Price:
- $329,900
- 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:
- Pending
- Latitude:
- 44.237609
- Longitude:
- -72.553800
- Waterfront:
- No
Photos
Listed by Martha Lange of BHHS Vermont Realty Group/Montpelier
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 3/9/2026.
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