254 Elm St

Montpelier, VT 05602

$795,000
Price
13
Beds
8
Baths
8,165 Sq. Ft.
$97 / Sq. Ft.
8,165
Sq. Ft.
$97
per Sq. Ft.

Description

Exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont, offering strong in-place income with significant upside potential. Located just minutes from downtown Vermont’s capital city, this multi-family asset benefits from consistent rental demand driven by state government, healthcare, and professional employment centers. The property currently consists of seven residential units providing diversified income and reduced vacancy exposure. The existing configuration supports...Exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont, offering strong in-place income with significant upside potential. Located just minutes from downtown Vermont’s capital city, this multi-family asset benefits from consistent rental demand driven by state government, healthcare, and professional employment centers. The property currently consists of seven residential units providing diversified income and reduced vacancy exposure. The existing configuration supports stable operations, while offering investors the opportunity to enhance returns through operational efficiencies, rent optimization, and strategic improvements. A compelling feature of this offering is the potential to add an additional 8th unit (buyer to verify permitting and zoning), creating further income expansion and long-term value growth. This value-add opportunity positions the asset for increased cash flow and improved economies of scale compared to smaller multi-family properties. At the current offering metrics, the property presents the potential for a 10%+ capitalization rate based on existing or optimized income projections, making it a rare high-yield opportunity in the Montpelier market. In a supply-constrained capital city with limited multi-unit inventory, assets at this scale are seldom available. Situated on Elm Street, the property offers convenient access to downtown amenities, shopping, restaurants, public services, and I-89 for regional connectivity. Tenants benefit from a walkable neighborhood setting combined with proximity to employment hubs and outdoor recreation that Central Vermont is known for. 254 Elm Street represents a unique opportunity to acquire scale, income stability, and value-add potential in one of Vermont’s most resilient rental markets. Ideal for investors seeking strong cash flow today with expansion potential tomorrow.
  1. Listed by Gurjot Singh • Vermont Life Realtors

Property Details for 254 Elm Street

Zoning
Mixed Use Residential
LISTING UPDATED: 02/13/2026 07:40 PM

Property Details for 254 Elm Street

StatusActive
MLS #5076350
Days on Market9
Taxes$13,190 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1890
Lot Size0.24 AC / 10,454 SF
CountyWashington County

Location

Listing Courtesy of Vermont Life Realtors
Add your commute

Building Information for 254 Elm Street

Stories3Residences7Year Built1890Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$4,974 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,875

Property Taxes

$1,099

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 254 Elm Street

Summary
Location and General Information
  • City: Montpelier
  • County: VT-Washington
  • Latitude: 44.265700000001004
  • Longitude: -72.569962000000004
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05602
Taxes and HOA Information
  • SPAN Number: 40512610528
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel, Paved
Property
Lot Information
  • Lot Features: City Lot, Corner
  • Lot Size Acres: 0.24
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: Unknown
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1890
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable Available, Telephone Available
  • Separate Utilities: Varies
  • Internet: High Speed Intrnt Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Asbestos Exterior, Vinyl Siding
  • Roof: Asphalt Shingle, Membrane
Interior Features
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Dirt Floor, Exterior Access, Partial
  • Heating: Oil, Baseboard, Hot Water, Radiator, Steam
  • Cooling: None
  • Total Stories: 3
Multi Family
Income & Expenses Information
  • Gross Income: $122,940.00
  • Net Income: $86,530.00
  • Operating Expense Incl: Heat, Insurance, Other, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $36,410
Multi-Family Information
  • Total Units: 7
  • Total 1 BR Units: 2
  • Total 2 BR Units: 4
  • Total 3+ BR Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rooms: 4
  • Unit 1 Rental Amount: $1,345.00
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 4
  • Unit 2 Status: Leased
  • Unit 2 Level Number: 3
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $1,295.00
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 5
  • Unit 3 Level Number: 3
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,545.00
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Rooms: 5
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $1,645.00
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Level Number: 1-2
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Leased
  • Unit 5 Baths: 2
  • Unit 5 Bedrooms: 3
  • Unit 5 Rooms: 6
  • Unit 5 Rental Amount: $1,345.00
Unit 6
  • Unit 6 Rental Agreement: No
  • Unit 6 Level Number: 2
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 2
  • Unit 6 Rooms: 5
  • Unit 6 Rental Amt Freq: Other
  • Unit 6 Status: Vacant
  • Unit 6 Rental Amount: $1,525.00
Unit 7
  • Unit 7 Bedrooms: 2
  • Unit 7 Rooms: 5
  • Unit 7 Baths: 1
  • Unit 7 Rental Agreement: Yes
  • Unit 7 Level Number: 1
  • Unit 7 Rental Amt Freq: Monthly
  • Unit 7 Status: Leased
  • Unit 7 Rental Amount: $1,295.00

Property History for 254 Elm Street

DateEvent & SourcePriceAppreciation
Feb 11, 2026

Listed (Active)

New England Real Estate Network #5076350

$795,000—
Sep 24, 2025

Expired

New England Real Estate Network #5044053

—
Jun 1, 2025

Listed (Active)

New England Real Estate Network #5044053

$850,000—
Apr 11, 2025

Sold (Public Record)

Public Record #1555719353

$650,000—
Apr 11, 2025

Sold

New England Real Estate Network #5019974

$650,000—
Feb 10, 2025

Pending

New England Real Estate Network #5019974

—
Oct 25, 2024

Listed (Active)

New England Real Estate Network #5019974

$749,000—
DateEvent & SourcePrice
02/11/2026

Listed (Active)

New England Real Estate Network #5076350

$795,000
09/24/2025

Expired

New England Real Estate Network #5044053

—
06/01/2025

Listed (Active)

New England Real Estate Network #5044053

$850,000
04/11/2025

Sold (Public Record)

Public Record #1555719353

$650,000
04/11/2025

Sold

New England Real Estate Network #5019974

$650,000
02/10/2025

Pending

New England Real Estate Network #5019974

—
10/25/2024

Listed (Active)

New England Real Estate Network #5019974

$749,000

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

Public Records for 254 Elm Street

Taxable ValueLand$96,500Additions$452,600Total$549,100
Tax Record2024$9,653 ($804 / month)
Home Facts
Total Finished SqFt8,437 SqFtAbove Grade Finished SqFt8,437 SqFtStories3Lot Size10,454 SqFtStyleMulti-Family Res (5+ Units)Year Built1890CountyWASHINGTONAPN(126) 043254000

Schools near 254 Elm Street

This home is within Montpelier Roxbury Unified Union School District.
Rating
School
Type
Grades
Distance
Union Elementary School
Public - PK to 4
Roxbury Village School
Public - PK to 4
Main Street School
Public - 5 to 8
Montpelier High School
Public - 9 to 12
Rating
School
Distance
Union Elementary School
PublicPK to 4

Roxbury Village School
PublicPK to 4

Main Street School
Public5 to 8

Montpelier High School
Public9 to 12

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 254 Elm Street, Montpelier, VT 05602

254 Elm Street is a multi-family home for sale in Montpelier, VT 05602. This property was listed for sale on February 11, 2026 by Vermont Life Realtors, it's currently listed at $795,000. It has been on the market for a total of 9 days and was last sold on April 11, 2025. This listing's school district is Montpelier Roxbury Unified Union School District. Nearby schools include Union Elementary School, Roxbury Village School and Main Street School. 254 Elm Street is a 13-bed, 8-bath, 8,165 sqft multi-family home built in 1890.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Vermont Life Realtors

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 02/20/2026 03:34 PM