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.
Active
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
Est.:
Multi Family
Built in 1890
-- sqft lot
$-- Zestimate®
$222/sqft
$-- HOA
What's special
Original detailWood floors
- 322 days |
- 554 |
- 22 |
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#: 5031160
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
Estimated market value
Not available
Estimated sales range
Not available
$2,126/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2025 | Price change | $1,350,000-9.4%$222/sqft |
Source: | ||
| 3/5/2025 | Listed for sale | $1,490,000+259%$246/sqft |
Source: | ||
| 12/30/2019 | Sold | $415,000-26.5%$68/sqft |
Source: Public Record Report a problem | ||
| 9/6/2019 | Price change | $565,000-1.7%$93/sqft |
Source: Diamond Realty #4498653 Report a problem | ||
| 8/14/2019 | Price change | $575,000-1.7%$95/sqft |
Source: Diamond Realty #4498653 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax 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
- 7/10Ludlow Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 7/10Green Mountain Uhsd #35Grades: 7-12Distance: 11.4 mi
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.




