371 River St Montpelier, VT 05602
Berlin Street NeighborhoodEstimated payment $2,642/month
Total Views
12,269
3
Beds
1
Bath
1,316
Sq Ft
$285
Price per Sq Ft
Highlights
- 1.12 Acre Lot
- Cape Cod Architecture
- Corner Lot
- Main Street School Rated A-
- Wood Flooring
- Mud Room
About This Home
Tax bill dropped $3k this tax year! 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 expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The very well maintained 1934 three-bedroom, one bathroom cape home has been getting $2,000-2,600./month with all utilities included. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that 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. The leases are month to month. All units are likely to be charging under market rates, but there are many long term renters.
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
- 1,316 Sq Ft Home
- Property has 1 Level
- Mud Room
- Dining Room
- Den
- Walk-Out Basement
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Parking
- Circular Driveway
- Paved Parking
Additional Features
- Outbuilding
- City Lot
- Cable TV Available
Map
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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 | $9,409 | $323,700 | $200,500 | $123,200 |
| 2018 | $9,053 | $323,700 | $200,500 | $123,200 |
| 2016 | $8,552 | $323,700 | $200,500 | $123,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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
Similar Homes in Montpelier, VT
Source: PrimeMLS
MLS Number: 5040756
APN: 405-126-10698
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