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Montpelier Multi-Family Properties

Investment Properties Downtown

Once upon a time, owning and living in a multi-family was the way to build net worth, equity, save for retirement, and still get to live in a great neighborhood.  Actually, that still holds true today.

Montpelier multi-family property

1 First Ave. 4 unit with garage

Right now, there are several gorgeous rental properties on the market in Montpelier. There's a mint condition three unit on Loomis Street near Union Elementary -- more accurately, located across the street.  People call the office daily looking for a place to live within walking distance of downtown.  Today, I'm .

There are currently two great multi-family investment properties for sale on First Avenue. They both have four units, are fully rented, and all the leases are month-to-month. 

1 First Avenue has a lovely first floor three-bedroom unit and a detached garage. Up the street, find a two-bedroom house that shares a wall witht he original three-unit building. The latter would be perfect for an owner-occupant, since there's that much more separation.

Montpelier Multi-Family properties

1 First Ave. 4 unit with garage

 If you're a little handy, there's a great two unit on 5 Liberty Street as well. The second floor unit is in good condition, and shows what the rest of the building could look like.  The second unit is on the 2nd and 3rd floor.  Owners, take your pick. Live in one, work on one, or just rent it out.

What would several hundred dollars a month per unit in rent do to your bottom line? Don't underestimate the daily savings of living within walking distance of downtown Montpelier on a Saturday morning, even in the snowy months.

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