Mad River Valley Real Estate
254 Elm Street, Montpelier, VT
List Price: $795,000
Bedrooms:
Bathrooms: 0
Sq. Ft.: 10191
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 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.
Property Details
Basic Information
- MLS Number:
- 5076350
- List Price:
- $795,000
- Bathrooms:
- 0
Location
- Street:
- Elm Street
- Building Number:
- 254
- City:
- Montpelier
- State:
- VT
- Zip:
- 05602
- County:
- Washington
Property
- Acres:
- 0.24
- Lot Description:
- City Lot,
Corner
- Zoning:
- Mixed Use Residential
- Driveway:
- Gravel,
Paved
- Property Type:
- RI
Building
- Year Built:
- 1890
- Basement:
- Walkout
- Foundation:
- Granite,Stone
- Style:
- Historic Vintage,Multi-Family
- Construction:
- Wood Frame,Asbestos Exterior,Vinyl Siding
- Square Feet:
- 10191
Exterior
- Roof:
- Membrane,Asphalt Shingle
Utilities
- Electric:
- Circuit Breaker(s)
- Cooling:
- None
- Sewer:
- Public
Legal
- Surveyed:
- Unknown
Other
- Broker Name:
- Vermont Life Realtors
- Agent Name:
- Gurjot Singh
- Office Phone:
- 802-310-9077
- Status:
- Active
- Latitude:
- 44.265700
- Longitude:
- -72.569962
Photos
Listed by Gurjot Singh of Vermont Life Realtors
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 2/15/2026.
Mortgage calculator source: iHomefinder. Schools info source: GreatSchools. WalkScore source: WalkScore. Market Report Source: iHomefinder with data from PrimeMLS, Inc.