371 River St Montpelier, VT 05602
Berlin Street NeighborhoodEstimated payment $2,401/month
Highlights
- 1.12 Acre Lot
- Cape Cod Architecture
- Corner Lot
- Main Street School Rated A-
- Wood Flooring
- Mud Room
About This Home
Unique property with many possibilities. It has an amazing 300 ft of road frontage and exposure. Live in the home and have the storage units pay your taxes and expenses. Or, rent the house to tenants or a business to add to the income from the storage units. This property went through a change of use permit (attached) from Commercial to Residential zoning in 2025. The very well maintained 1934 three-bedroom (lister card says two bedrooms), one bathroom cape home has recently been getting $3,600./month with all utilities included for three individual tenants paying weekly. The home has been an office building for several businesses in the past. Features include hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable first floor laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement which is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. All units are likely to be charging under market rates, but there are many long term renters. No confirmation or research has been done by the owners, but the size of the lot seems to support further development.
Listing Agent
BHHS Vermont Realty Group/Montpelier License #082.0007867 Listed on: 05/14/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1934
Lot Details
- 1.12 Acre Lot
- Corner Lot
- Property is zoned Residential, Eastern Gtwy
Home Design
- Cape Cod Architecture
- Concrete Foundation
- Metal Roof
- Vinyl Siding
Interior Spaces
- Property has 1 Level
- Mud Room
- Dining Room
- Den
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Basement
- Walk-Out Basement
- Basement Storage
Parking
- Circular Driveway
- Paved Parking
Utilities
- No Cooling
- Cable TV Available
Additional Features
- Outbuilding
- City Lot
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $7,827 | $523,300 | $302,400 | $220,900 |
| 2023 | $6,401 | $523,300 | $302,400 | $220,900 |
| 2022 | $9,953 | $323,700 | $200,500 | $123,200 |
| 2021 | $10,001 | $323,700 | $200,500 | $123,200 |
| 2020 | $9,881 | $323,700 | $200,500 | $123,200 |
| 2019 | $7,275 | $323,700 | $200,500 | $123,200 |
| 2018 | $9,080 | $323,700 | $200,500 | $123,200 |
| 2017 | $0 | $323,700 | $200,500 | $123,200 |
| 2016 | $0 | $323,700 | $200,500 | $123,200 |
| 2015 | -- | $3,237 | $0 | $0 |
| 2014 | -- | $3,237 | $0 | $0 |
| 2013 | -- | $3,237 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/03/2026 03/03/26 | Pending | -- | -- | -- |
| 02/23/2026 02/23/26 | Price Changed | $329,900 | -5.5% | $251 / Sq Ft |
| 12/02/2025 12/02/25 | For Sale | $349,000 | 0.0% | $265 / Sq Ft |
| 12/01/2025 12/01/25 | Off Market | $349,000 | -- | -- |
| 10/23/2025 10/23/25 | Price Changed | $349,000 | -2.8% | $265 / Sq Ft |
| 10/02/2025 10/02/25 | Price Changed | $359,000 | -4.3% | $273 / Sq Ft |
| 08/01/2025 08/01/25 | Price Changed | $375,000 | -1.1% | $285 / Sq Ft |
| 06/18/2025 06/18/25 | Price Changed | $379,000 | -4.1% | $288 / Sq Ft |
| 05/14/2025 05/14/25 | For Sale | $395,000 | -- | $300 / Sq Ft |
Source: PrimeMLS
MLS Number: 5040756
APN: 405-126-10698
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