281-285 River Street Montpelier, VT $ 425,000
281-285 River Street
$ 425,000
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281-285 River Street

Montpelier, VT, 05602
$ 425,000
Bedrooms Baths0.0 Sq 4,965

Monthly Estimate*

$ 2,027

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281-285 River Street, Montpelier, VT 05602 - Image 1
281-285 River Street, Montpelier, VT 05602 - Image 2
281-285 River Street, Montpelier, VT 05602 - Image 3
281-285 River Street, Montpelier, VT 05602 - Image 4

Multi-Family Home for sale in Montpelier, VT

for $425,000. This 4,965 square foot home was built in 1900 on a lot size of 5.86 Acre(s).
Listed by Michelle Hebert, William Raveis Barre

Rare opportunity to own a Montpelier commercial property on a 5.86 acre parcel. Conveniently located at the junction of Route 2 and Route 302. The property has three separate buildings with 7 rental units and potential for 8 more. 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 units in both of these buildings are currently occupied. The third building needs extensive renovation, is vacant and contains 8 efficiency units. The 6 unit building and the cottage have had significant upgrades and new roofs in 2010 and 2011. Buyers use your imagination. There is so much potential here! The seller is a licensed Vermont real estate agent.

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Multi-Family Active

Price

$ 425,000

Property Type

Multi-Family

Taxes

$ 8,025

Style

Apartment Building

Lot Size

5.86 Acre(s)

Year Built

1900

Town/City

Montpelier

County/Region

Washington

MLS | Web ID

4682067

Features
Interior
Basement Basement Concrete Basement Dirt Floor Other Sump Pump in Basement Unfinished
Heating Source Hot Water Heater Oil
Heating System Baseboard Gas Heater
Sewer Public Sewer
Water Source Public Water
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Exterior
Construction Wood Frame
Driveway Paved Driveway
Foundation Concrete Other Slab
Garage None
Lot Description Hilly Sloping
Parking 1-20 Parking Spaces Driveway Off Street Parking On Site Parking Parking Spaces
Road Frontage Public Road
Roof Architectural Shingle Metal
Siding Vinyl Wood Exterior
Zoning Commercial
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Miscellaneous
Location Near Golf Course Near Public Transportation Near Shopping
Utilities Bottled Gas Electric Circuit Breakers
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* Excluded Features
List By
Michelle Hebert

Listing Agent

William Raveis Barre

Broker

Affordability Calculator

$2,695
Per Month
75%
25%
0%
Monthly Principal & Interest
$2,027
Monthly Property Taxes
$669
Monthly Home Insurance
--
Edit Insurance and Taxes
Default based on a 30-year fixed rate of 3.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
3/15/2019$425,000 -5.56% Price Down
2/8/2019$450,000 -5.26% Price Down
9/18/2018$475,000 -9.52% Price Down
3/22/2018$525,000 Listed Price

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281-285 River Street, Montpelier, VT, 05602 is a Multi-Family Home for sale at $425,000 with 4,965 sqft and a lot size of 5.86 Acre(s). 281-285 River Street has 0.0 baths and was built in 1900. The property's zip code is 05602 which is in Montpelier, VT