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

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281-285 River Street Montpelier VT 05602

Montpelier, VT281-285 River Street

Price$750,000

Est. Mortgage: $/month

MLS Number 4997608

  • Multifamily
  • Units 7
  • Bathroom 7
  • Acreage 5.86
  • Square Feet 3,402

Rare opportunity to own a Montpelier commercial/multi-family property on a 5.86 acre parcel. Conveniently located at the junction of Route 2 and Route 302, which provides excellent accessibility. This property consists of three separate buildings. One building contains 6 apartments: two 2-bedroom units, three efficiency units and one 1-bedroom unit. There is also a 2-bedroom cottage. The third building is vacant and in need of rehabilitation. This building previously consisted of 8 studio apartments. With existing tenants and room for expansion, this property provides a steady income stream. The vacant building allows for customization and value enhancement. Seize this opportunity to unlock the full potential of this property. Whether you're an investor, developer, or entrepreneur, there's so much you can achieve here! Seller is a Licensed Vermont Real Estate Broker.

Listed by Michelle Hebert of William Raveis Barre

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$/month over payments
Federal 30-year interest rate: 6.89% last updated on Jul 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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27 St Paul Street Montpelier VT 05602

Montpelier, VT27 St Paul Street

Price$388,500

Est. Mortgage: $/month

MLS Number 4992563

  • Multifamily
  • Units 2
  • Bathroom 2
  • Acreage 0.1
  • Square Feet 2,284

Great opportunity to own and live in a spacious two-unit building in downtown Montpelier and have tenants help pay your mortgage and expenses. OR, this two unit could easily be converted back to a SINGLE FAMILY HOMES by just unlocking two doors! Live upstairs in the vacant unit, park your car in one of the two garage spaces and walk everywhere or rent out the second floor unit for double the income. Located on a low maintenance tenth of an acre lot. Besides the garages, there is plenty of off street parking. First floor one bedroom unit is rented for $1,520/month and the second floor two bedroom unit is currently vacant. Heat (oil steam radiators), gas for ranges, water and sewer are included in rent. Tenants pay their own electric, hot water, trash, internet and cable. Each unit has a garage. There is a large storage space on the back of the building on each floor with stairs to the garage. The large fully equipped kitchens have gas ranges and full size refrigerators. Each unit has a covered porch at its private entry where a table and chairs could be set up to enjoy the lovely weather. Water came up through the basement drain in the July 2023 flood. Flood waters did not come up to the house. Owner's current commercial mortgage does NOT require flood insurance.

Listed by Martha Lange of BHHS Vermont Realty Group/Montpelier

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$
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$/month over payments
Federal 30-year interest rate: 6.89% last updated on Jul 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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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
  • Utilities Cable - Available

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

$
$
%
$/month over payments
Federal 30-year interest rate: 6.89% last updated on Jul 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)

$
$
%
$/month over payments
Federal 30-year interest rate: 6.89% last updated on Jul 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: 6.89% last updated on Jul 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 July 15, 2024 7:23 AM EDT