Home For Sale In Montpelier, Vermont

house for sale

Listed: 05/31/24

281-285 River St, Montpelier, Vermont, 05602

10 Bed:

7 Bath:

3,402 Sq Ft Living Area:

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Price

$ 750,000

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About This House

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.

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Original listing

Montpelier Housing & Living

Household Income

Median household income: $60,793

Number of households: 3,687

The average household income in Montpelier, VT grew from $60,347 to $60,793 in the past year. This data is an estimate based upon 3,687 households in Montpelier, VT.
The chart below presents how household income is distributed in Montpelier, VT in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Montpelier, VT compared to median property taxes around the country. The prevalent amount of property taxes in Montpelier, VT equals $3k+ , which is more than the national average.