This listing courtesy of Martha Lange , BHHS Vermont Realty Group/Montpelier

$329,900

371 River Street, Montpelier, VT 05602

3 beds |
1 bath

Single-Family Home
Built in 1934
1.12acre lot
—— car garage
$——/sqft
Listed 10 months ago

Property Description

Unique property with many possibilities. It has an amazing 300 ft of road frontage and exposure. Live in the home and have the storage units pay your taxes and expenses. Or, rent the house to tenants or a business to add to the income from the storage units. This property went through a change of use permit (attached) from Commercial to Residential zoning in 2025. The very well maintained 1934 three-bedroom (lister card says two bedrooms), one bathroom cape home has recently been getting $3,600./month with all utilities included for three individual tenants paying weekly. The home has been an office building for several businesses in the past. Features include hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable first floor laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement which is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. All units are likely to be charging under market rates, but there are many long term renters. No confirmation or research has been done by the owners, but the size of the lot seems to support further development.

Listing Status:: Pending
Date Added:: May 14, 2025
Data Last Updated:: April 4, 2026 at 2:59PM
Listing Office:: BHHS Vermont Realty Group/Montpelier : 802-223-6302
Listing Agent:: Martha Lange : 802-223-6302 : MarthaLange@vtregroup.com
MLS ID:: 5040756

Appliances: Refrigerator
Basement: Assigned StorageLocked StorageUnfinishedWalkout
Flooring: CarpetHardwoodVinyl
A/C: None
Heating: Hot Air

General: Outbuilding
Style: Cape

Roofing: Metal
General: Vinyl SidingConcrete

Road/Access: PavedPublic
County: WashngtnVT

Driveway: CircularPaved
Zoning: ResidentialEastern Gtwy
Current Use: None

Utilities: Cable at Site
Water: Public
Sewer: Public

This listing courtesy of Martha Lange , BHHS Vermont Realty Group/Montpelier

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Union Elementary School

1 Park Ave, Montpelier, VT, 05602

Grades PK-4

1.74 miles away

Main Street Middle School

170 Main St, Montpelier, VT, 05602

Grades 5-8

1.92 miles away

Montpelier High School

5 High School Dr, Montpelier, VT, 05602

Grades 9-12

2.28 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.