$388,500 Price Analysis   ♡   Montpelier, VT 05602 3 bed 2 bath 2,284 SqFt ($170/SqFt) 4,356SqFt lot. Built 1890 Listed 2024-04-24, Taxes $5,527 | ✓ USDA Eligible near Montpelier, VT Restrictions may apply due to home size |
Great opportunity to own and live in a vast 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 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 st reet 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 b 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.
Presented by Martha Lange at
Berkshire Hathaway HomeServices Vermont Realty Group (Montpelier).
Property MLS #4992563 from PrimeMLS
Total Refrigerators: 2
Heating Fuel: Oil
Storage
Frontage Length: 50
Road Frontage Type: Yes
Roads: Paved, Public
Garage Spaces: 2
Garage Features: Garage: Yes
Lot Size Square Feet: 4356
High School: Montpelier High School
Middle School: Main Street Middle School
School District: Montpelier School District
Map directions Map directions Map directionsBedrooms in Unit-1: 1
Bedrooms in Unit-2: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Rooms in Unit-1: 5
Total Rooms in Unit-2: 6
Unit 1 Total Actual Rent: 1520
Source Listing Status: Active
County: VT-Washington
Directions: From Main Street, turn on to School Street then left on St. Paul Street. House will be on the right.
Tax Year: 2023
Source Property Type: Multi-Family
Number of Separate Electric Meters: 2
Zoning: RESD 1
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $130,900 + $48,000 $178,900 | $5,527 |
| 2020 | $130,900 + $48,000 $178,900 | $5,460 |
| 2019 | $130,900 + $48,000 $178,900 | $5,199 |
| 2018 | $130,900 + $48,000 $178,900 | $5,003 |
| 2017 | $130,900 + $48,000 $178,900 | $4,808 |
| 2016 | $130,900 + $48,000 $178,900 | $4,726 |
| 2015 | $130,900 + $48,000 $178,900 | $unknown |
| 2015 | $130,900 + $48,000 $178,900 | $4,624 |
| 2014 | $130,900 + $48,000 $178,900 | $unknown |
| 2012 | $130,900 + $48,000 $178,900 | $4,354 |
| 2011 | $130,900 + $48,000 $178,900 | $4,298 |
$388,500
PrimeMLS
Year Built: 1890
Above Grade Finished Area: 2284
Below Grade Unfinished Area: 924
Construction Materials: Wood Frame
Foundation Details: Stone w/ Skim Coating
Property Age: 134
Property Condition: Existing
Roof: Shingle - Asphalt
Levels or Stories: 2
Total Area Sqft: 3208
Architectural Style: Colonial
Sewer: Public
Cable
Electric Company: Green Mountain Power
Fuel Company: Irving
Cable Company: Xfinity
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.