198 Elm St

Manchester, VT 05255

$750,000
Price
7
Beds
3,216 Sq. Ft.
$233 / Sq. Ft.
3,216
Sq. Ft.
$233
per Sq. Ft.
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New
New

Description

Rare opportunity to own a well-maintained 4-unit property in the heart of Manchester, one of Southern Vermont’s most sought-after destinations. Offered at an attractive 8% cap rate, this unique investment features a charming 2-bedroom, 2-bath carriage house, two 2-bedroom, 1-bath units, and a 1-bedroom, 1-bath apartment, providing an appealing mix for a variety of tenants. Recent updates include new flooring installed in one unit in 2026, further enhancing the property's appeal. Manchester is renowned...Rare opportunity to own a well-maintained 4-unit property in the heart of Manchester, one of Southern Vermont’s most sought-after destinations. Offered at an attractive 8% cap rate, this unique investment features a charming 2-bedroom, 2-bath carriage house, two 2-bedroom, 1-bath units, and a 1-bedroom, 1-bath apartment, providing an appealing mix for a variety of tenants. Recent updates include new flooring installed in one unit in 2026, further enhancing the property's appeal. Manchester is renowned for its blend of small-town charm and year-round recreation. Residents enjoy easy access to world-class skiing, hiking, golf, fly fishing, and the scenic beauty of the Green Mountains, along with upscale dining, boutique shopping, and cultural attractions. The area's strong sense of community and vibrant four-season lifestyle continue to make it one of Vermont's premier destinations. Whether you're expanding your portfolio or seeking a quality asset in an exceptional location, this property offers the perfect combination of income, character, and long-term value.3D Virtual Tours Available Upon Request.
  1. Listed by The Nancy Jenkins Team • Nancy Jenkins Real Estate

Property Details for 198 Elm Street

Zoning
Residential
LISTING UPDATED: 06/30/2026 03:16 PM

Property Details for 198 Elm Street

StatusActive
MLS #5097410
Days on MarketListed Today
Taxes$7,079 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.24 AC / 10,454 SF
CountyBennington County
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Location

Listing Courtesy of Nancy Jenkins Real Estate
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Building Information for 198 Elm Street

Stories2Residences4Year Built1900Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

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$4,327 per month

30 year fixed, 6.36% Interest

Principal and Interest

$3,737

Property Taxes

$590

HOA Dues

$0

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Property Information for 198 Elm Street

Summary
Location and General Information
  • City: Manchester
  • County: VT-Bennington
  • Latitude: 43.173438702452898
  • Longitude: -73.045834457672115
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05255
Taxes and HOA Information
  • SPAN Number: 375-116-10362
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot Features: Near Shopping, Neighborhood, Near Public Transport
  • Lot Size Acres: 0.24
  • Total Finished Area: 3216.0
  • Above Grade Finished Area: 3216.0
  • Above Grade Finished Area Source: Assessor
  • Above Grade Unfinished Area: 0.0
  • Below Grade Finished Area: 0.0
  • Below Grade Unfinished Area: 1842.0
  • BelowGradeUnfinishedAreaSource: Assessor
  • Lot Size Square Feet: 10454.0
  • Total Area: 5058.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric Company: GMP
  • Fuel Company: Irving
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable Available
  • Internet: Cable Internet
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roof: Shingle, Slate
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Crawl Space
  • Total Full Baths: 5
  • Heating: Propane, Baseboard
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $78,000.00
  • Net Income: $60,279.00
  • Operating Expense Incl: Insurance, Snow Removal, Water/Sewer
  • Operating Expense: $17,721
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 1
  • Total 2 BR Units: 3
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Lease Term: Annual
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $1,100.00
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,500.00
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,500.00
Unit 4
  • Unit 4 Lease Term: Annual
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 2
  • Unit 4 Bedrooms: 2
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $2,400.00
  • Unit 4 Total Area: 1250.0

Property History for 198 Elm Street

DateEvent & SourcePriceAppreciation
Jun 30, 2026

Listed (Active)

New England Real Estate Network #5097410

$750,000—
Jun 25, 2010

Sold (Public Record)

Public Record #297153270

$350,000—
DateEvent & SourcePrice
06/30/2026

Listed (Active)

New England Real Estate Network #5097410

$750,000
06/25/2010

Sold (Public Record)

Public Record #297153270

$350,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 198 Elm Street

Taxable ValueLand$84,900Additions$358,900Total$443,800
Tax Record2024$7,141 ($595 / month)
Home Facts
Baths4.5Total Finished SqFt1,680 SqFtAbove Grade Finished SqFt1,680 SqFtStories2Lot Size10,454 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900CountyBENNINGTONAPN(116)0382

Schools near 198 Elm Street

This home is within Taconic and Green Regional School District.
Rating
School
Type
Grades
Distance
Manchester Elementary/Middle School
Public - PK to 8
Maple Street School
Private - K to 8
Northshire Christian Academy
Private - K to 6
Rating
School
Distance
Manchester Elementary/Middle School
PublicPK to 8

Maple Street School
PrivateK to 8

Northshire Christian Academy
PrivateK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 198 Elm Street, Manchester, VT 05255

198 Elm Street is a multi-family home for sale in Manchester, VT 05255. This listing's school district is Taconic and Green Regional School District. Nearby schools include Manchester Elementary/Middle School, Maple Street School and Northshire Christian Academy. 198 Elm Street is a 7-bed, 5-bath, 3,216 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nancy Jenkins Real Estate

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 06/30/2026 06:31 PM