Montpelier, VT | 371 River Street

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.