Properties Near 35 Mountain Avenue St. Johnsbury, VT

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.

Attention Investors! With a little imagination and some elbow grease, this antique charmer is ready to reclaim her glory days. Currently configured as two units, she offers excellent income potential right out of the gate, ideal for the investor or owner-occupant ready to take on a rewarding project. The main floor features a bedroom, dining room, eat-in kitchen, and a ¾ bath with laundry, opening onto both a sunroom and a glorious wraparound covered porch, the kind of outdoor living space that’s hard to find in newer construction. Upstairs offers 2-3 bedrooms (one would make a wonderful family room or home office), a full bath, and a kitchenette, giving the second unit real independence and comfort. This home is full of the character you just can’t replicate: high ceilings, original details, and the solid bones of a bygone era, all waiting for the right vision to bring them back to life. Once the projects are complete, this grand old home offers real flexibility. Rent both units for strong income potential, set it up as a multi-generational home for extended family, or live in one unit while the other helps pay your mortgage. Whether you’re an experienced investor or someone looking for a hands-on project with serious upside, this property is a rare opportunity to own a piece of local history and make it your own.

This is a 2 unit building with potential rehab needed. Bring your imagination priced to sell. The property is lender owned and being sold as is and sellers makes no representations or warranties.