St. Johnsbury, VT | 166 Eastern Avenue

$200,000
MLS#: 5079689
3
# of Units
5,546
Total Sq Ft
0.1
Acres
$4,026
Taxes
Restore Properties
Located on a large corner lot "on the hill" in St. Johnsbury, this spacious two-family property offers a rare combination of size, flexibility, and in-town convenience. Whether you're looking for an owner-occupied investment, multi-generational living arrangement, or additional rental income, this property provides plenty of options. The main residence features 4 bedrooms, 3 bathrooms, and generous living space spread across two levels. The main floor includes a kitchen with walk-in pantry, dining room, living room, laundry area, bedroom space, and full bath, while the upper level offers additional bedrooms and bathrooms to accommodate a variety of household needs. A separate second-floor apartment includes 2 bedrooms, 1 bathroom, its own kitchen, living space, and private entrance, creating a comfortable and independent living area for tenants, guests, or extended family. Beyond the property itself, you'll enjoy all the benefits of living in one of the Northeast Kingdom's most vibrant communities. From local restaurants, shops, and schools to community events, cultural attractions, and everyday conveniences, St. Johnsbury offers a lifestyle rich in both character and connection. With 6 bedrooms, 4 bathrooms, a flexible layout, and a sought-after location close to downtown amenities, this property presents an excellent opportunity for homeowners and investors alike.
3 unit residential apartment building on a spacious lot with ample space for parking and outdoor activities. Detached garage is insulated, heated, room for 2 cars, storage or workshop area. 1st floor unit has been completely renovated, new kitchen, flooring, bath. Newer propane boiler and hot water heater.
If you have ever thought about testing your property management skills this property could be the answer. With only two residential units and a simple retail space, it would be easy to keep things straight forward. Come see for yourself.
This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.

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