A rare opportunity to acquire one of Southern Vermont's most adaptable residential investment properties. Currently known as the South Shire Inn, this landmark Victorian estate offers investors immediate income potential along with exceptional opportunities for future residential or mixed-use redevelopment. The property includes nine guest accommodations, owner's quarters, expansive common areas, a detached carriage house with additional guest accommodations, a commercial kitchen, and an established Thai restaurant providing existing rental income. Its flexible floor plan and MU1 zoning support a variety of permitted residential and mixed-use possibilities, including multifamily conversion, long-term or short-term rentals, workforce housing, owner occupancy, senior living, residential care, and other redevelopment opportunities, subject to local approvals. Originally built in 1887 by renowned architect William C. Bull, the property has been thoughtfully restored while preserving its architectural character. Located within walking distance of downtown Bennington's shops, restaurants, and cultural attractions, it offers investors a distinctive asset with exceptional long-term flexibility and redevelopment potential. Seller financing and lease-to-own opportunities may be available for qualified buyers.
Active under contract
Listed by: TPW Real Estate • Marek Kovac
$950,000
124 Elm Street, Bennington, VT 05201
--beds
--baths
8,888sqft
Multi Family
Built in 1890
-- sqft lot
$897,600 Zestimate®
$107/sqft
$-- HOA
What's special
Landmark victorian estateCommercial kitchenNine guest accommodationsExpansive common areas
- 271 days
- 190
- 11
Zillow last checked:
Listing updated:
Listed by:
Marek Kovac,
TPW Real Estate 802-366-1430,
Paul William Carroccio,
TPW Real Estate
Source: PrimeMLS,MLS#: 5072098
Facts & features
Interior
Heating
- Oil, Electric, Mini Split, Boiler
Cooling
- Individual, Mini Split
Features
- Basement: Concrete,Concrete Floor,Finished,Insulated,Exterior Stairs,Interior Stairs,Locked Storage,Storage Space,Interior Access,Exterior Entry,Basement Stairs,Interior Entry
Interior area
- Total structure area: 9,248
- Total interior livable area: 8,888 sqft
- Finished area above ground: 6,388
- Finished area below ground: 2,500
Property
Parking
- Parking features: Crushed Stone, Auto Open, Barn, Assigned, Driveway, On Site, On Street, Parking Spaces 1 - 10
- Has uncovered spaces: Yes
Features
- Levels: 3
- Frontage length: Road frontage: 100
Lot
- Size: 0.47 Acres
- Features: Corner Lot, Neighbor Business, Sidewalks, In Town, Near Country Club, Near Golf Course, Near Paths, Near Shopping, Near Skiing, Neighborhood, Near Public Transit, Near Hospital
Details
- Parcel number: 5101567446
- Zoning description: MU1
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Victorian
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Exterior, Wood Siding, Spray Foam Insulation
- Foundation: Stone
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1890
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable, Other, Fiber Optic Internt Avail
Community & HOA
Location
- Region: Bennington
Financial & listing details
- Price per square foot: $107/sqft
- Tax assessed value: $513,500
- Annual tax amount: $17,529
- Date on market: 12/16/2025
- Road surface type: Paved
Estimated market value
$897,600
$853,000 - $942,000
$1,705/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/22/2026 | Price change | $950,000-2.6%$107/sqft |
Source:  PrimeMLS #5072098 Report a problem | ||
| 12/29/2025 | Price change | $975,000-22%$110/sqft |
Source: PrimeMLS #5072098 Report a problem | ||
| 12/16/2025 | Listed for sale | $1,250,000+127.3%$141/sqft |
Source: PrimeMLS #5072098 Report a problem | ||
| 6/10/2021 | Sold | $550,000-4.3%$62/sqft |
Source: PrimeMLS #4828766 Report a problem | ||
| 2/20/2021 | Pending sale | $575,000$65/sqft |
Source: Keller Williams Realty Green Mountain Properties #4828766 Report a problem | ||
| 2/19/2021 | Contingent | $575,000$65/sqft |
Source: PrimeMLS #4828766 Report a problem | ||
| 9/15/2020 | Listed for sale | $575,000$65/sqft |
Source: KW Vermont - Brenda Jones Real Estate Group #4828766 Report a problem | ||
| 2/8/1999 | Sold | $575,000+57.5%$65/sqft |
Source: Public Record Report a problem | ||
| 2/15/1989 | Sold | $365,000+52.1%$41/sqft |
Source: Public Record Report a problem | ||
| 6/29/1987 | Sold | $240,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $513,500 |
| 2023 | -- | $513,500 |
| 2022 | -- | $513,500 |
| 2021 | -- | $513,500 |
| 2020 | -- | $513,500 |
| 2019 | -- | $513,500 |
| 2018 | -- | $513,500 |
| 2017 | -- | $513,500 |
| 2016 | -- | $513,500 +9900% |
| 2015 | -- | $5,135 |
| 2014 | -- | $5,135 |
| 2012 | -- | $5,135 |
| 2011 | -- | $5,135 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 05201
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