NOT LISTED FOR SALE
10 Beds
4 Baths
3,667 Sq Ft
4,356 Sq Ft Lot

Last Sold July 13, 2021

Last sale price $485,000 $132 Per Sq Ft

19 Days on Market

Highlights

  • Colonial Architecture
  • Baseboard Heating
  • High Speed Internet
  • Main Street School Rated A-

About This Home

As of July 2021

Own a slice of Vermont history with this old schoolhouse that's been converted into a 4 family apartment building. This charming old building boasts four uniquely different apartments, a master suite with two floors and an adjoining spiral staircase, off-street parking for all units and great rental income! Ideally suited for an investor looking to expand their portfolio or an owner who wants to live in one unit and enjoy the income. Just a few blocks from downtown Montpelier, the building is conveniently located in the closest residential neighborhood to downtown and less than five minute walk to middle and elementary schools. Many recent upgrades include new windows, Rinaii heaters and new porch. Don't miss an opportunity to invest in this awesome property!

Last Agent to Sell the Property

Susan Martin

Century 21 Martin & Associates Real Estate License #081.0003975 Listed on: 05/05/2021

Century 21 Martin & Associates Real Estate

Last Buyer's Agent

Tim Heney

Heney Realtors - Element Real Estate (Montpelier) License #081.0000388

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,437

Year Built

  • Built in 1830

Lot Details

  • 4,356 Sq Ft Lot
  • Lot Sloped Up

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 3,667 Sq Ft Home
  • 2-Story Property

Unfinished Basement

  • Walk-Out Basement
  • Connecting Stairway

Parking

  • Gravel Driveway
  • Shared Driveway

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $52,921
  • Net Operating Income $333,050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,437

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Colonial
  • Flood Zone: Yes
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 132.26
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 4868
  • Sq Ft - Apx Total Finished: 3667
  • Property Type: Multi-Family
  • Year Built: 1830
  • Remarks Public: Own a slice of Vermont history with this old schoolhouse that's been converted into a 4 family apartment building. This charming old building boasts four uniquely different apartments, a master suite with two floors and an adjoining spiral staircase, off-street parking for all units and great rental income! Ideally suited for an investor looking to expand their portfolio or an owner who wants to live in one unit and enjoy the income. Just a few blocks from downtown Montpelier, the building is conveniently located in the closest residential neighborhood to downtown and less than five minute walk to middle and elementary schools. Many recent upgrades include new windows, Rinaii heaters and new porch. Don't miss an opportunity to invest in this awesome property!
  • L A1 M M S I Memberkey: 24055
  • List Agent: 13306
  • L O1 Homesnapcom: Yes
  • L O1 M M S I Officekey: 71143
  • S A1 M M S I Memberkey: 13719
  • S O1 Homesnapcom: Yes
  • S O1 M M S I Officekey: 72306
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Stairs - Exterior, Unfinished
  • Sq Ft - Apx Finished AG: 3667
  • Sq Ft - Apx Unfinished BG: 1201

Exterior Features

  • Construction: Wood Frame
  • Driveway: Common/Shared, Gravel
  • Exterior: Clapboard
  • Foundation: Concrete, Granite
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt

Utilities

  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water: Public
  • Water Heater: Electric
  • Heating Fuel: Oil
  • Heating: Baseboard, Gas Heater - Vented, Hot Water
  • Utilities: Cable - Available, Dsl - Available

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 4356
  • Lot Acres: 0.1
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: yes
  • Deed Book: 514
  • Deed Page: 9
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 52921
  • Net Income: 333050.01
  • Total Units: 4
  • Total2 Bedroom Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 8437.32
  • Tax Year: 2020

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Sold $485,000 -2.0% $132 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/05/2021 05/05/21 For Sale $495,000 -- $135 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4859215

PrimeMLS

APN: (126) 138037000