Janel Johnson
Responds Quickly
Coldwell Banker Hickok & Boardman / E. Montpelier
(802) 636-5498
211 Total Sales
1 in Downtown Montpelier
$230,000 Price
43 E State St Montpelier, VT 05602
Downtown Montpelier Neighborhood
5
Beds
4
Baths
2,793
Sq Ft
10,454
Sq Ft Lot
Highlights
- Property is near public transit and shops
- Wood Flooring
- 2 Car Garage
- Main Street School Rated A-
- Covered Patio or Porch
About This Home
As of January 2026Exceptional Investment Opportunity in the Heart of Downtown Montpelier!This four-unit multifamily property offers a rare chance to own a well-maintained income producer in Vermont’s vibrant capital city. Completely renovated in 1984—with a poured concrete foundation, new electrical, and modern plumbing—this property has been carefully maintained for over 40 years by the same owner. Three of the four spacious units feature beautiful hardwood flooring and each has its own designated off-street parking space. Tenants enjoy unbeatable convenience with public transportation, shopping, dining, bars, the hospital, and the I-89 corridor all just minutes away.Whether you’re seeking a solid addition to your portfolio or a seamless 1031 exchange opportunity, this property is a standout. Thoughtfully cared for and ideally located, it’s a perfect fit for the discerning investor.
Last Agent to Sell the Property
Dome Real Estate Group LLC License #081.0120156 Listed on: 10/04/2024
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Property Details
Home Type
- Apartment
Est. Annual Taxes
- $10,541
Year Built
- Built in 1877
Lot Details
- 10,454
Parking
- 2 Car Garage
- Off-Street Parking
- Assigned Parking
Home Design
- Concrete Foundation
- Membrane Roofing
- Clapboard
Interior Spaces
- Property has 2 Levels
- Unfinished Basement
- Interior Basement Entry
Flooring
- Wood
- Carpet
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Location
- Property is near public transit and shops
- Property near a hospital
- City Lot
Schools
- Union Elementary School
- Main Street Middle School
- Montpelier High School
Utilities
- No Cooling
- Heating System Uses Gas
- Heating System Uses Propane
- Separate Meters
- 100 Amp Service
- Propane
- Electric Water Heater
Additional Features
- Covered Patio or Porch
- 10,454 Sq Ft Lot
Community Details
Overview
- 4 Units
Building Details
- 4 Leased Units
- Gross Income $57,000
- Net Operating Income $39,285
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 4, 2024
Closed on
Jan 5, 2026
Sold by
Bought by
Seller's Agent
Jeanne Felmly
Dome Real Estate Group LLC
Buyer's Agent
Andrea Hossley
Signature Properties of Vermont
List Price
$649,000
Sold Price
$649,000
Views
36
Purchase Details
Closed on
Jun 9, 2017
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Montpelier, VT
-
Janel Johnson
-
Rebecca Asarese
Rebecca Asarese
Responds QuicklyRidgeline Real Estate
(802) 300-3129
30 Total Sales
1 in Downtown Montpelier
$400,000 Price
-
Lipkin Audette Team
Lipkin Audette Team
Responds QuicklyColdwell Banker Hickok and Boardman
(802) 760-2977
1,055 Total Sales
1 in Downtown Montpelier
$447,100 Price
-
Tim Heney
Tim Heney
Heney Realtors - Element Real Estate (Montpelier)
(802) 613-0975
159 Total Sales
5 in Downtown Montpelier
$325K - $1.6M Price Range
-
Lucy Ferrada
Lucy Ferrada
Heney Realtors - Element Real Estate (Montpelier)
(802) 613-0016
222 Total Sales
4 in Downtown Montpelier
$230K - $582K Price Range
-
Kevin Casey
Kevin Casey
Coldwell Banker Hickok & Boardman / E. Montpelier
(802) 821-8792
104 Total Sales
3 in Downtown Montpelier
$325K - $1.6M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $649,000 | -- | ||
| -- | -- | ||
| -- | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/05/2026 01/05/26 | Sold | $649,000 | 0.0% | $232 / Sq Ft |
| 10/27/2025 10/27/25 | Pending | -- | -- | -- |
| 10/14/2025 10/14/25 | For Sale | $649,000 | 0.0% | $232 / Sq Ft |
| 01/02/2025 01/02/25 | Off Market | $649,000 | -- | -- |
| 10/04/2024 10/04/24 | For Sale | $649,000 | -- | $232 / Sq Ft |
Source: PrimeMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $5,851 | $438,800 | $86,900 | $351,900 |
| 2024 | $5,632 | $438,800 | $86,900 | $351,900 |
| 2023 | $5,367 | $438,800 | $86,900 | $351,900 |
| 2022 | $7,161 | $232,900 | $51,500 | $181,400 |
| 2021 | $7,196 | $232,900 | $51,500 | $181,400 |
| 2020 | $7,109 | $232,900 | $51,500 | $181,400 |
| 2019 | $6,769 | $232,900 | $51,500 | $181,400 |
| 2018 | $6,514 | $232,900 | $51,500 | $181,400 |
| 2017 | $6,363 | $232,900 | $51,500 | $181,400 |
| 2016 | $0 | $232,900 | $51,500 | $181,400 |
Source: Public Records
Agents Affiliated with this Home
-
Jeanne Felmly
Seller's Agent in 2026
Jeanne Felmly
Dome Real Estate Group LLC
(802) 793-8370
3 in this area
74 Total Sales
-
Andrea Hossley
A
Buyer's Agent in 2026
Andrea Hossley
Signature Properties of Vermont
(802) 503-5587
1 in this area
69 Total Sales
Map
Source: PrimeMLS
MLS Number: 5017370
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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