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 youre an investor, developer, or entrepreneur, theres so much you can achieve here! Seller is a Licensed Vermont Real Estate Broker.
Off market
Zestimate®
$460,800
281 River St #285, Montpelier, VT 05602
10beds
3,402sqft
Multi Family
Built in 1900
-- sqft lot
$460,800 Zestimate®
$135/sqft
$1,850 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Source: William Raveis Real Estate, Mortgage & Insurance,MLS#: 4997608
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 7
- Full bathrooms: 7
Heating
- Baseboard, Wall Furnace
Cooling
- None
Features
- Basement: Yes
Interior area
- Total structure area: 3,402
- Total interior livable area: 3,402 sqft
Property
Lot
- Size: 5.86 Acres
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Montpelier