Montpelier VT Multi-Family Homes

Buying a multi family home in Montpelier is a great way for the owner to build equity while collecting a monthly stream of income. Sizes range from 2-3 family to small apartment buildings and you’ll also find some development sites. Explore currently listed multi family properties in Montpelier VT below. You may also like to view all available multi family homes in Central Vermont.

Multi Family Homes for Sale Montpelier VT

Call Heney Realtors at 800-696-1456 or contact us online with questions or to see any of these properties in person.

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184 Elm Street Montpelier VT 05602

Montpelier, VT184 Elm Street

Price$1,450,000

Est. Mortgage: $/month

MLS Number 4991351

  • Multifamily
  • Units 6
  • Acreage 0.28
  • Square Feet 5,084
  • PricePerSqFt 285.21

Turn key, stabilized, fully leased, renovated and well-maintained six unit apartment building for sale in downtown Montpelier. Three 2-bedroom units, and three 1-bedroom units, all with laundry and hardwood floors. Units have been renovated with granite countertops, stainless appliances, renovated bathrooms, floors, paint, and much more. Units 1 and 2 share the front porch, and have a shared laundry. Units 3 and 4 enter from the side, and units 5 and 6 are newly built in a converted carriage barn. Strong rental history. Tenants pay their own utilities. Units 1-4 heat with an oil furnace and Units 5-6 have heat pumps and mini-splits. NOI $87,000 makes this a solid 6% cap rate for a high quality building. Assigned off street parking for each unit. Nice backyard as well, for tenants to enjoy. Barn is part of this property as well, and has areas clearly marked off for tenants to use as storage. **Please note that the structure did NOT flood in July 2023. Land is in the 1% flood hazard zone, but LOMA is in place attesting that the building is outside of the flood zone.** Incredibly convenient to downtown Montpelier's restaurants and shopping. 48 hours notice for showings please, no exceptions.

Listed by Ray Mikus of Green Light Real Estate

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$/month over payments
Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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20 First Avenue Montpelier VT 05602

Montpelier, VT20 First Avenue

Price$410,000

Est. Mortgage: $/month

MLS Number 4989171

  • Multifamily
  • Units 2
  • Bathroom 2
  • Acreage 0.18
  • Square Feet 1,832

A covered porch welcomes you to this wonderful two unit property on First Avenue, just down the street from VCFA campus, tucked away in a great neighborhood. The side-by-side duplex design includes two townhouse style units. Each has a kitchen, living room and dining room on the main level and two bedrooms and a bathroom on the second floor. The basement is divided and each apartment has its own hot air heating system and hot water heater. An old style three bay garage has plank flooring and offers extra storage space. A most convenient location close to all that downtown Montpelier has to offer. Just minutes to schools, shopping, restaurants and Kellogg Hubbard Library. Both sides are currently rented and this property has a strong rental history. Also offers the opportunity to live on one side and let the rent from the adjacent apartment contribute to your cost of ownership.

Listed by Heney Realtors - Element Real Estate (Montpelier)

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$
%
$/month over payments
Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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29 College Street Montpelier VT 05602

Montpelier, VT29 College Street

Price$670,000

Est. Mortgage: $/month

MLS Number 4988202

  • Multifamily
  • Units 2
  • Bathroom 1
  • Acreage 0.14
  • Square Feet 2,288

This wonderful two unit Montpelier home is perched on the hill in the coveted College of Fine Arts district! With outstanding rental history, this property could be perfect as an owner occupied building - live in one unit and rent out the other - or as a prime location investment. Custom features are enjoyed top to bottom with refinished hardwood floors throughout, updated kitchens and baths, high ceilings, spacious light filled rooms and antique touches in every space. Second floor residents sip morning coffee bathed in sunlight in the darling off-kitchen sunroom and first floor residents have easy access to a gorgeous wrap around porch looking across the street to the College of Fine Arts. A delightful third floor is rough plumbed for potential development. Don't miss an opportunity to see this Montpelier gem!

Listed by Brendan Coyne and Angie Coyne of New England Landmark Realty LTD

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$
%
$/month over payments
Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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131-133 Elm Street Montpelier VT 05602

Montpelier, VT131-133 Elm Street

Price$545,000

Est. Mortgage: $/month

MLS Number 4987860

  • Multifamily
  • Units 6
  • Bathroom 4
  • Acreage 0.12
  • Square Feet 4,645

Attention investors! Classic historic building, with mixed commercial/office and residential use, in a convenient downtown Montpelier location. The unit mix includes three 1-bedroom apartments, and an assortment of small private offices and suites. Potential to expand the residential use. Some units are leased and some vacant, offering flexible opportunity for the future owner. Charming historic wood details, nice natural light, small shared backyard, and river views. Flood protection measures in place, including raised boiler and electric panel. New boiler and mansard roof within the last year. Agent is related to the seller.

Listed by Jessica Laffal of Element Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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149 State Street Montpelier VT 05602

Montpelier, VT149 State Street

Price$975,000

Est. Mortgage: $/month

MLS Number 4987186

  • Multifamily
  • Bathroom 1
  • Acreage 0.48
  • Square Feet 6,686
  • Utilities Cable - At Site

Excellent opportunity to own prime commercial/residential space in Montpelier near I89, public transportation, schools, CVMC Hospital and shopping. The 6,686 square foot building is currently comprised of 13 offices and 6 airbnb rooms, one full bath, one 3/4 bath and two half baths (one handicap accessible), two kitchenettes and over 30 parking spaces. There are many preserved original details throughout the front portion of the building including a spectacular two level porch with dramatic columns. This property has prime road frontage on Route 2/State Street and ample signage. It's is a 5 minute walk to the State House and center of town. Perfect for investment, conversion to rental property or 1031 exchange! The July flooding did affect the building but it has been restored and renovated as is ready for immediate occupancy. Also listed as commercial: MLS#4985913.

Listed by Jeanne Felmly of Dome Real Estate Group LLC

$
$
%
$/month over payments
Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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00 Hebert Road Montpelier VT 05602

Montpelier, VT00 Hebert Road

Price$250,000

Est. Mortgage: $/month

Active With Contract

MLS Number 4861015

  • Multifamily
  • Units 24
  • Acreage 8
  • Utilities Other

Development rights to construct 24 units in Montpelier in a very desirable area. 12 units were built in the early 90's and 24 units remain to be built. Call for permit status. Span # for just the units are not known as this parcel doesn't show up on the city tax map as separate from a recreation easement area. Book & page are partial information for how the parcel's development rights were obtained. Other deeds may be relevant. Square footage, garage, # bedroom units, etc are not accurate but are mandatory fields.

Listed by James Fecteau of Fecteau Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 6.88% last updated on Apr 11, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Save FavoriteSchedule TourAsk A QuestionMore Details

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 April 17, 2024 11:39 AM EDT