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$739,175

254 Elm Street

Montpelier, VT 05602

Listed by Gurjot Singh · RE/MAX North Professionals

Bedrooms

N/A

Bathrooms

N/A

Living area

N/A

Year built

1890

About this home

Not located in an active FEMA-designated flood zone and not impacted by flooding events, this exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, presents investors with a rare chance to acquire a well-positioned asset offering immediate income and future growth potential. Located in Vermont’s capital city, the property benefits from a strong and diverse tenant base supported by state government offices, healthcare providers, educational institutions, and local businesses. The building currently consists of seven residential units, providing stable cash flow and minimizing vacancy risk through multiple income streams. Investors will appreciate the opportunity to further increase value through thoughtful renovations, improved management strategies, and rental adjustments over time. In addition to the potential for an eighth unit (buyer to verify permitting and zoning), there may be opportunities to create additional units, offering further upside and long-term value enhancement. Opportunities of this size are increasingly difficult to find in the Montpelier market, where inventory remains limited and demand for quality rental housing continues to be strong. With the potential to achieve a 10%+ capitalization rate based on current or optimized operations, the property stands out as an attractive option for investors seeking both yield and long-term appreciation. Situated on Elm Street, residents enjoy easy access to downtown Montpelier’s restaurants, shops, recreation, and community amenities, while Interstate 89 provides convenient regional access throughout Central Vermont. Combining strong income characteristics, expansion possibilities, and a highly desirable location, 254 Elm Street offers a compelling opportunity for investors seeking a scalable asset in one of Vermont’s most established and resilient rental markets. Please note that property taxes have been accounted for in the operating expenses used in the financial information.

Property details

MLS #: 5096015
Property type: Residential Income
Subdivision: N/A
Status: Active
Days on market: 52
On market date: N/A
Stories: N/A
Total bathrooms: N/A
Garage spaces: N/A
Parking spaces: N/A
Lot size: 0.24 acres

Location

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Est. monthly payment

$4,601/mo

$147,835 down

$591,340 loan

Principal & interest$3,835

Property tax (est.)$616

Home insurance (est.)$150

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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 06/22/26.