277 Summer Street, St. Johnsbury, VT 05819

• 6,176 sqft

Property Description

This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.

Listing Status:

Active

Date Added:

May 2, 2026

Data Last Updated:

May 24, 2026 at 10:57PM

Listing Office:

Flex Realty : 802-399-2860

Listing Agent:

Adam Cross : : adam@flexrealtyvt.com

MLS ID:

5086654

Interior

• Basement: Concrete FloorDirt FloorUnfinished
• Flooring: Wood
• A/C: None
• Heating: OilBaseboard

Exterior

• Style: Victorian

Construction

• Roofing: MembraneShingleSlate
• General: Wood FrameStone

Location

• Road/Access: PavedPublic
• County: Caledonia

Lot

• Driveway: Paved
• Zoning: Residential B
• Current Use: None

Utilities

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