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Active under contract
  • Listed by: KW Vermont-Stowe • Kelly Realty Group
    $1,100,000

    184 Elm Street, Montpelier, VT 05602

    9beds
    7baths
    5,180sqft
    : 
    $8,049/mo
    Get pre-qualified
    Multi Family
    Built in 1850
    -- sqft lot
    $1,033,200 Zestimate®
    $212/sqft
    $-- HOA

    What's special

    Renovated unitsModern kitchens and bathrooms
    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.
    27 days
    571
    8

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelly Realty Group,

    KW Vermont-Stowe Phone:802-922-6146

    Source: PrimeMLS,MLS#: 5107021MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 9
      • Bathrooms: 7
      Heating
      • Oil, Mini Split
      Cooling
      • Individual, Mini Split
      Features
      • Basement: Bulkhead,Crawl Space,Partial,Unfinished,Walk-Up Access
      Interior area
      • Total structure area: 6,626
      • Total interior livable area: 5,180 sqft
      • Finished area above ground: 5,180
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: Gravel
      Features
      • Levels: Two
      • Frontage length: Road frontage: 77
      Lot
      • Size: 0.28 Acres
      • Features: Landscaped, Sidewalks, In Town, Near Shopping, Neighborhood, Near Hospital, Near School(s)
      Details
      • Parcel number: 40512610847
      • Zoning description: Mixed Use Residential

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Wood Frame, Clapboard Exterior
      • Foundation: Stone
      • Roof: Other,Rolled/Hot Mop,Shingle,Standing Seam
      Condition
      • New construction: No
      • Year built: 1850

      Utilities & green energy

      • Electric: Circuit Breakers
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable, Fiber Optic Internt Avail

      Community & HOA

      Location
      • Region: Montpelier

      Financial & listing details

      • Price per square foot: $212/sqft
      • Tax assessed value: $700,400
      • Annual tax amount: $17,411
      • Date on market: 8/27/2026

        Estimated market value

        $1,033,200

        $982,000 - $1.08M

        $2,062/mo

        Price history

        DateEventPrice
        8/27/2026Listed for sale$1,100,000-24.1%$212/sqft
        Source: PrimeMLS #5107021 Report a problem
        1/10/2025Listing removed$1,450,000$280/sqft
        Source: PrimeMLS #4991351 Report a problem
        4/15/2024Listed for sale$1,450,000+281.6%$280/sqft
        Source: PrimeMLS #4991351 Report a problem
        7/10/2014Sold$380,000+1.3%$73/sqft
        Source: Public Record Report a problem
        5/14/2014Pending sale$375,000$72/sqft
        Source: Cher Real Estate, Inc. #4353903 Report a problem
        5/9/2014Listed for sale$375,000+400%$72/sqft
        Source: Cher Real Estate, Inc. #4353903 Report a problem
        8/30/2009Listing removed$75,000$14/sqft
        Source: Auction Marketing Group Report a problem
        5/28/2009Listed for sale$75,000-81.3%$14/sqft
        Source: Auction Marketing Group Report a problem
        2/16/2006Sold$400,000+135.3%$77/sqft
        Source: Public Record Report a problem
        12/3/2001Sold$170,000$33/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024-- $700,400
        2023-- $700,400 +50.5%
        2022-- $465,500
        2021-- $465,500
        2020-- $465,500
        2019-- $465,500 +29.3%
        2018-- $360,000
        2017$9,835 $360,000
        2016-- $360,000 +9900%
        2015-- $3,600
        2014-- $3,600
        2013-- $3,600
        2012-- $3,600
        2011-- $3,600
        2010-- $3,600 +48.2%
        2009-- $2,429
        2008-- $2,429 +42.7%
        2007-- $1,702
        2006-- $1,702
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 05602

        Getting around

        73 / 100
        Very Walkable
        55 / 100
        Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Union Elementary School
        • Middle: Main Street Middle School
        • High: Montpelier High School
        • District: Montpelier School District

        Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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