Exceptional Investment Opportunity in the Heart of Downtown Montpelier!This four-unit multifamily property offers a rare chance to own a well-maintained income producer in Vermont’s vibrant capital city. Completely renovated in 1984—with a poured concrete foundation, new electrical, and modern plumbing—this property has been carefully maintained for over 40 years by the same owner. Three of the four spacious units feature beautiful hardwood flooring and each has its own designated off-street parking space. Tenants enjoy unbeatable convenience with public transportation, shopping, dining, bars, the hospital, and the I-89 corridor all just minutes away.Whether you’re seeking a solid addition to your portfolio or a seamless 1031 exchange opportunity, this property is a standout. Thoughtfully cared for and ideally located, it’s a perfect fit for the discerning investor.
Closed
Listed by: Dome Real Estate Group LLC
Bought with: Ridgeline Real Estate
$649,000
43 E State Street, Montpelier, VT 05602
5beds
2,793sqft
Multi Family
Built in 1877
-- sqft lot
$668,300 Zestimate®
$232/sqft
$1,842 Estimated rent
Home value
$668,300
$508,000 - $882,000
$1,842/mo
Zestimate® history
Owner options
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$3,755/mo
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List your homeWhat's special
Designated off-street parking spaceSpacious unitsBeautiful hardwood flooring
Zillow last checked:
Listing updated:
Listed by:
Jeanne Felmly,
Dome Real Estate Group LLC 802-793-8370
Bought with:
Andrea Hossley
Ridgeline Real Estate
Source: PrimeMLS,MLS#: 5017370
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Propane, Gas Heater
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
- Basement: Interior Stairs,Unfinished,Interior Access,Interior Entry
Interior area
- Total structure area: 3,482
- Total interior livable area: 2,793 sqft
- Finished area above ground: 2,793
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, Assigned, Off Street
- Garage spaces: 2
Features
- Levels: Two
- Patio & porch: Covered Porch
- Frontage length: Road frontage: 85
Lot
- Size: 10,454 sqft
- Features: City Lot, Sidewalks, In Town, Near Shopping, Neighborhood, Near Hospital
Details
- Parcel number: 40512610967
- Zoning description: RESD 1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Clapboard Exterior
- Foundation: Concrete
- Roof: Membrane
Condition
- New construction: No
- Year built: 1877
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Propane
Community & neighborhood
Location
- Region: Montpelier
Other
Other facts
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2026 | Sold | $649,000$232/sqft |
Source:  PrimeMLS #5017370 Report a problem | ||
| 1/2/2026 | Contingent | $649,000$232/sqft |
Source: PrimeMLS #5017370 Report a problem | ||
| 10/14/2025 | Listed for sale | $649,000$232/sqft |
Source: PrimeMLS #5017370 Report a problem | ||
| 10/15/2024 | Listing removed | $649,000$232/sqft |
Source: PrimeMLS #5017370 Report a problem | ||
| 10/4/2024 | Listed for sale | $649,000$232/sqft |
Source: PrimeMLS #5017370 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $438,800 |
| 2023 | -- | $438,800 +88.4% |
| 2022 | -- | $232,900 |
| 2021 | -- | $232,900 |
| 2020 | -- | $232,900 |
| 2019 | -- | $232,900 |
| 2018 | -- | $232,900 |
| 2017 | $6,363 | $232,900 |
| 2016 | -- | $232,900 +9900% |
| 2015 | -- | $2,329 |
| 2014 | -- | $2,329 |
| 2013 | -- | $2,329 |
| 2012 | -- | $2,329 |
| 2011 | -- | $2,329 |
| 2010 | -- | $2,329 +71.3% |
| 2009 | -- | $1,360 |
| 2008 | -- | $1,360 |
| 2007 | -- | $1,360 |
| 2006 | -- | $1,360 |
Find assessor info on the county website
Neighborhood: 05602
Nearby schools
GreatSchools rating
- NAUnion Elementary SchoolGrades: PK-4Distance: 0.1 mi
- 10/10Main Street SchoolGrades: 5-8Distance: 0.3 mi
- 9/10Montpelier High SchoolGrades: 9-12Distance: 0.7 mi
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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$668,300
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$681,666
- Vermont
- Washington County
- Montpelier
- 05602
- 43 E State Street
Nearby cities
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