Montpelier Vermont Real Estate

This classic Saint Paul Street quadplex has been owned by the same family since it was built in 1942, and now it is ready for its next chapter. Inside are four townhouse-style apartments, each offering approximately 900 square feet with two bedrooms and independent hot-air heating, hot water, and electric systems. There is something refreshingly straightforward about this property. Original details remain, the spaces have not been polished into sameness, and there is plenty of opportunity for thoughtful updates over time. For an investor or owner with vision, this is the kind of property where the work can become part of the value. Outside, the approximately quarter-acre lot feels generous for the neighborhood, with a backyard that gives residents room to enjoy being outdoors and ample off-street parking. And then there is the location. Schools, the library, downtown Montpelier shops, restaurants, and everyday services are all nearby, making this an easy place to call home without feeling disconnected from the city around you. Whether you are searching for a Montpelier investment property, a Vermont multi-family home, or a project with four income-producing units and room for improvement, this one deserves a closer look. Some properties arrive finished. Others arrive full of possibility.

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.

Some homes come with history. This one invites you to add your own. Built in the 1820s, this handsome Federal brick home pairs nearly two centuries of character with the kind of thoughtful updates that make everyday life feel easy. Currently configured as two residential apartments, it offers intriguing flexibility for multi-unit living or a return to a single-family home. The main residence unfolds with a generous kitchen and island, a central dining room, and a three-season sunroom reached through two sets of glass doors. Picture long dinners that drift out to the sunroom, quiet mornings with coffee, and Vermont evenings beside the Jotul LP fireplace. Built-in cabinetry, hardwood floors, a gracious entry foyer, mudroom, laundry, bedroom, and bath complete the main level, while the primary bedroom and bath are tucked upstairs. The second apartment has a personality of its own, with a modern kitchen, large living room, hardwood floors, laundry, updated bath with a classic clawfoot-style tub, and another three-season sunroom. It can also be easily connected to the main residence for single-family living. An extensive 2015 renovation included wiring, plumbing, and system upgrades, plus restored windows with added energy panels. Each apartment has its own Weil McLain LP boiler for heat and hot water, and a new roof was installed in 2025. Set on a level 0.4+/- acre lot in the UC-3 district, this is Vermont in-town living with the good stuff close at hand: shops, restaurants, the library, and Hubbard Park. Historic, flexible, and anything but ordinary. Come see what your version of life here could look like. Seller is Listing Agent.

Prime Montpelier Multifamily Investment Opportunity | 6 Units | 100% Occupied | Turnkey Condition. An exceptional opportunity to acquire a fully occupied six unit multifamily property on Elm Street in the heart of Montpelier, Vermont. This turnkey, income producing asset features renovated units, modern kitchens and bathrooms, strong rental demand, and immediate income from established tenancy. The property's outstanding location is within easy walking distance of downtown restaurants, shops, cafes, entertainment, employment centers, and everyday amenities. As Vermont's capital city, Montpelier benefits from a diverse and established tenant base supported by State Government, Central Vermont Medical Center, National Life Group, Cabot Creamery, educational institutions, professional services, and local businesses. Well maintained and fully occupied, the property offers investors a stabilized income producing asset with the scale and operational efficiency of six units, along with potential for continued rent growth and long term appreciation. An elevation certificate is available and does not require flood insurance, providing an additional advantage for ownership and financing. A rare opportunity to acquire a turnkey, higher end six unit investment in one of Vermont's most desirable rental markets.