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  • Listed by: 

    John M Napier,

    TPW Real Estate 802-228-9400

    Price cut: $140K (11/1)
    $1,350,000

    86 Main Street, Ludlow, VT 05149

    11beds
    6,069sqft
    : 
    Multi Family
    Built in 1890
    -- sqft lot
    $-- Zestimate®
    $222/sqft
    $-- HOA

    What's special

    Original detailWood floors
    Turnkey Village Inn and Restaurant in the heart of Ludlow, Vt. only steps to Okemo Mountain Ski Resort. This fully furnished and equipped property includes 9 guest rooms with private baths, a 2 bedroom, 2 bathroom owner’s apartment, and a former wine bar/restaurant space ready to relaunch with all FF&E included. Historic charm throughout, wood floors, fireplaces, and original detail-paired with numerous renovations and upgrades, and strong income potential. Walkable to shops, dinning and the Okemo shuttles. Flexible village center zoning supports a range of commercial or residential uses. The proximity of the Governor’s Inn to local attractions, such as the Okemo's winter and summer activities, Friday night concerts, farmers market, buttermilk falls, lakes region, hiking trail, cheese factories and Black River sees year round business with skiers, hikers, bicyclists, boaters and fishing. This is not just a winter ski inn, The Governor's Inn operates year-round generating consistent revenue across all four seasons. The inn is also part of the collaboration between four inns that offers a walking experience to guests between the months of May and October. The top four income producing months are October, September, August and February, in that order. A rare opportunity to own a move in ready, income-generating property in one of Vermont’s most desirable ski towns.
    322 days
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    554
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    22
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    Zillow last checked: 8 hours ago

    Listing updated: November 01, 2025 at 06:23am

    Listed by:

    John M Napier,

    TPW Real Estate 802-228-9400

    Source: PrimeMLS,MLS#: 5031160MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 11
    • Bathrooms: 11
    • Full bathrooms: 10
    Heating
    • Oil, Baseboard, Electric, Floor Furnace, Mini Split
    Cooling
    • Mini Split
    Features
    • Flooring: Hardwood, Tile
    • Basement: Concrete Floor,Full,Storage Space,Walkout,Interior Access,Exterior Entry,Basement Stairs,Walk-Out Access
    Interior area
    • Total structure area: 8,072
    • Total interior livable area: 6,069 sqft
    • Finished area above ground: 6,069
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, Off Street, Parking Spaces 11 - 20
    Features
    • Levels: 3
    • Patio & porch: Covered Porch
    • Has view: Yes
    • View description: Mountain(s)
    • Frontage length: Road frontage: 105
    Lot
    • Size: 0.44 Acres
    • Features: Level, Major Road Frontage, Sidewalks, In Town, Near Golf Course, Near Shopping, Near Skiing, Near School(s)
    Details
    • Parcel number: 36311211596
    • Zoning description: village

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Victorian
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Clapboard Exterior
    • Foundation: Concrete, Fieldstone
    • Roof: Metal,Asphalt Shingle,Slate
    Condition
    • New construction: No
    • Year built: 1890

    Utilities & green energy

    • Electric: 200+ Amp Service, 3 Phase, Circuit Breakers
    • Water: Public Water On-Site
    • Utilities for property: Cable, Sewer Connected

    Community & HOA

    Location
    • Region: Ludlow

    Financial & listing details

    • Price per square foot: $222/sqft
    • Tax assessed value: $611,500
    • Annual tax amount: $14,079
    • Date on market: 3/5/2025
    • Road surface type: Paved
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $2,126/mo

    Price history

    Price history
    DateEventPrice
    11/1/2025Price change$1,350,000-9.4%$222/sqft
    Source: PrimeMLS #5031160 Report a problem
    3/5/2025Listed for sale$1,490,000+259%$246/sqft
    Source: PrimeMLS #5031160 Report a problem
    12/30/2019Sold$415,000-26.5%$68/sqft
    Source: Public Record Report a problem
    9/6/2019Price change$565,000-1.7%$93/sqft
    Source: Diamond Realty #4498653 Report a problem
    8/14/2019Price change$575,000-1.7%$95/sqft
    Source: Diamond Realty #4498653 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2024-- $611,500
    2023-- $611,500 +7.4%
    2022-- $569,400

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $7,935/mo
    Principal & interest
    $5235
    Property taxes
    $2227
    Home insurance
    $473

      Climate risks

      Neighborhood: 05149

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Ludlow Elementary School
      • District: Two Rivers Supervisory Union

      Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.