54 Mill Street

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Active
$1,550,000
7,340 sqft
54 Mill St, Barre, VT 05641
Est: $9,924/moGet pre-approved
Multi FamilyProperty Type
1.62 acresLot Size
1880Year Built
$211/sq ftPrice per sq ft
2 carsParking Spaces

Description

Turnkey Multi Family Investment Opportunity in Central Vermont at 54,56, 58, and Lot 1 Mill Street, Barre City, VT. Boasting more than 7300 finished sqft at roughly $210/sqft, 13 bedrooms and 11 baths, this is a great opportunity! Rare chance to own a well maintained, income producing property in the heart of Central Vermont. Situated on 1.62 acres at the end of Mill Street, this unique offering includes two single family homes, a 9 unit apartment building, and an included empty lot, an ideal turnkey...Turnkey Multi Family Investment Opportunity in Central Vermont at 54,56, 58, and Lot 1 Mill Street, Barre City, VT. Boasting more than 7300 finished sqft at roughly $210/sqft, 13 bedrooms and 11 baths, this is a great opportunity! Rare chance to own a well maintained, income producing property in the heart of Central Vermont. Situated on 1.62 acres at the end of Mill Street, this unique offering includes two single family homes, a 9 unit apartment building, and an included empty lot, an ideal turnkey investment for an owner operator or investor alike. One single family home was built as recently as 2003, with a 2 car garage and storage above. An additional shed with electricity offers convenient space for property maintenance tools. Several apartment units have been recently renovated with new flooring and fresh paint, adding to the property's turnkey appeal and rental value. The included empty lot offers exciting potential to add another building and generate further income. Located at the end of Mill Street, the parcel abuts walking paths, and the beautiful Stevens Branch waterway (no flooding has affected the property in the last few local floods) with plenty of parking and yard space. All units are currently rented, reflecting excellent rental history and steady cash flow. The property operates at a 6.7% cap rate and grosses over $150,000 per year. Bringing rents to market rates could add roughly $26,000 in gross income, pushing the cap rate to nearly 8.2%, offering strong upside for investors. Conveniently located near shopping, restaurants, and easy access to I 89, this is a rare chance to acquire a stable, cash flowing multi family asset in a highly desirable Central Vermont location.
35 days on Market
  • Listed by: Mikail Stein • RE/MAX North Professionals
Last updated: 09/12/2026 12:48 PM • Source: New England Real Estate Network, MLS#: 5106066

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$9,924 per month

30 year fixed, 7.03% Interest

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$8,275

Property Taxes

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Property Information for 54 Mill Street

Property Details
Building Information
  • Stories: 2
  • Residences: 11
  • Year Built: 1880
  • Lot Size: 1.62 AC / 70,567 SF
Summary
Location and General Information
  • City: Barre City
  • County: VT-Washington
  • Directions: From North Main Street in Downtown Barre City. Take a right onto South Main Street. Go right onto Mill Street. The cluster of properties are at the end of the road on the right.
  • Latitude: 44.185595839038783
  • Longitude: -72.501273457672113
  • Road Frontage: No
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05641
Taxes and HOA Information
  • SPAN Number: 036-011-11826
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: Yes
  • Garage Capacity: 2.00
  • Driveway: Common/Shared, Paved
Property
Lot Information
  • Lot Features: Landscaped, Level, In Town, Near Shopping, Private
  • Lot Size Acres: 1.62
  • Total Finished Area: 7340.0
  • Above Grade Finished Area: 7340.0
  • Above Grade Finished Area Source: Assessor
  • Above Grade Unfinished Area: 0.0
  • AboveGradeUnfinishedAreaSource: Assessor
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: Assessor
  • Below Grade Unfinished Area: 2972.0
  • BelowGradeUnfinishedAreaSource: Assessor
  • Lot Size Square Feet: 70567.0
  • Total Area: 10312.0
Property and Assessments
  • Property Class: Multi-Family
  • Property Condition: Existing
  • Easements: Unknown
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1880
  • School District: Barre Unified Union School District
  • High School: Spaulding High School
  • Middle/Jr School: Barre City Elem & Middle Sch
  • Elementary School: Barre City Elem & Middle Sch
Utilities
  • Electric Company: GMP
  • Fuel Company: Irving
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Other
  • Total Electric Meters: 11
  • Separate Utilities: Varies
  • Internet: Cable Internet
Interior and Exterior Features
Exterior Features
  • Color: White
  • Construction Materials: Wood Frame, Vinyl Siding
  • Roof: Membrane, Shingle
  • Total Ranges: 11
Interior Features
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete Floor, Full, Partially Finished, Storage Space, Unfinished, Interior Access, Exterior Access
  • Total Full Baths: 11
  • Heating: Oil, Boiler
  • Cooling: None
  • Total Refrigerators: 11
  • Total Stories: 2
  • Trash: Cans, Owner
Multi Family
Income & Expenses Information
  • Gross Income: $153,468.00
  • Net Income: $103,414.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Sewer, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $50,053
Multi-Family Information
  • Total Units: 11
  • Total 1 BR Units: 9
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 0
  • Total Heat Units: 3
Rental
Rent Information
  • Total Leases: 11

Property History for 54 Mill Street

DateEvent & SourcePriceAppreciation
Aug 21, 2026

Listed (Active)

New England Real Estate Network #5106066

$1,550,000—
Jul 28, 2023

Sold

New England Real Estate Network #4963672

$1,300,000—
Jul 28, 2023

Listed (Active)

New England Real Estate Network #4963672

$1,300,000—
DateEvent & SourcePrice
08/21/2026

Listed (Active)

New England Real Estate Network #5106066

$1,550,000
07/28/2023

Sold

New England Real Estate Network #4963672

$1,300,000
07/28/2023

Listed (Active)

New England Real Estate Network #4963672

$1,300,000

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

Public Records for 54 Mill Street

Taxable ValueLand$62,400Additions$423,000Total$485,400
Tax Record2021$17,835 ($1,486 / month)
Home Facts
Beds0Lot Size70,567 SqFtStyleSingle Family ResidenceCountyWASHINGTONAPN(011) 1045-0054-0000

Schools near 54 Mill Street

This home is within Barre Unified Union School District #97.
Rating
School
Type
Grades
Distance
Barre City Elementary/Middle School
Public - PK to 8
Spaulding Uhsd #41
Public - 9 to 12
Barre Town Elementary School
Public - PK to 8
Rating
School
Distance
Barre City Elementary/Middle School
PublicPK to 8

Spaulding Uhsd #41
Public9 to 12

Barre Town Elementary School
PublicPK to 8

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 54 Mill Street, Barre, VT 05641

54 Mill Street is a multi-family home for sale in Barre, VT 05641. This property was listed for sale on August 21, 2026 by RE/MAX North Professionals, it's currently listed at $1,550,000. It has been on the market for a total of 35 days and was last sold on July 28, 2023. This listing's school district is Barre Unified Union School District #97. Nearby schools include Barre City Elementary/Middle School, Spaulding Uhsd #41 and Barre Town Elementary School. 54 Mill Street is a 0-bed, 11-bath, 7,340 sqft multi-family home built in 1880.

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 RE/MAX North Professionals

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 09/25/2026 05:32 PM