254 Elm Street, Montpelier, VT 05602

Property Description

Exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, Vermont, offering strong in-place income with significant upside potential. Located just minutes from downtown Vermont’s capital city, this multi-family asset benefits from consistent rental demand driven by state government, healthcare, and professional employment centers. The property currently consists of seven residential units providing diversified income and reduced vacancy exposure. The existing configuration supports stable operations, while offering investors the opportunity to enhance returns through operational efficiencies, rent optimization, and strategic improvements. A compelling feature of this offering is the potential to add an additional 8th unit (buyer to verify permitting and zoning), creating further income expansion and long-term value growth. This value-add opportunity positions the asset for increased cash flow and improved economies of scale compared to smaller multi-family properties. At the current offering metrics, the property presents the potential for a 10%+ capitalization rate based on existing or optimized income projections, making it a rare high-yield opportunity in the Montpelier market. In a supply-constrained capital city with limited multi-unit inventory, assets at this scale are seldom available. Situated on Elm Street, the property offers convenient access to downtown amenities, shopping, restaurants, public services, and I-89 for regional connectivity. Tenants benefit from a walkable neighborhood setting combined with proximity to employment hubs and outdoor recreation that Central Vermont is known for. 254 Elm Street represents a unique opportunity to acquire scale, income stability, and value-add potential in one of Vermont’s most resilient rental markets. Ideal for investors seeking strong cash flow today with expansion potential tomorrow.

Listing Status:

Active

Date Added:

February 11, 2026

Data Last Updated:

April 4, 2026 at 7:56AM

Listing Office:

Vermont Life Realtors : 802-310-9077

Listing Agent:

Gurjot Singh : 802-923-6658 : Gurjot@vermontliferealtors.com

MLS ID:

5076350

Interior

• Basement: Dirt FloorPartialExterior Access
• A/C: None
• Heating: OilBaseboardHot WaterRadiatorSteam

Exterior

• Style: Historic VintageMulti-Family

Construction

• Roofing: MembraneAsphalt Shingle
• General: Wood FrameAsbestos ExteriorVinyl SidingGraniteStone

Location

• Road/Access: Public
• County: WashngtnVT

Lot

• Driveway: GravelPaved
• Zoning: Mixed Use Residential

Utilities

• Utilities: Cable AvailableTelephone Available
• Water: Public
• Sewer: Public