14 Franklin Street Montpelier, Vermont 05602 MLS# 4968960

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Sold Status

$620,000 Sold Price

Multi Type

9 Beds

5 Baths

5,040 Sqft

Listed By Monique Payne of Heney Realtors - Element Real Estate (Montpelier)
Sold By Green Light Real Estate

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This property has been well cared for by the same family for over 50 years. Five units including one vacant two bedroom unit on the first floor. This historic building was moved in the 1950's from Main Street and put on a full concrete foundation – it is a very solid structure. The rental units are all in good shape - 3 of the units have attic storage. The owners also did a large project to reinforce the river bank with concrete blocks which created a nice level backyard and a wonderful space to relax and enjoy the river. The Franklin Street neighborhood is very desirable close to town and schools. This is a chance to have an investment property where you could also enjoy living. Updates include replacement windows in every unit. 48 hours notice required, assisted showings. Don't miss this great opportunity. †

Property Location

14 Franklin Street Montpelier

Property Details

Essentials

Sold Price $620,000		Sold Date Dec 8th, 2023
List Price 620,000	Bedrooms 9	Garage Size Car
Cooperation Fee Unknown	Total Bathrooms 5	Year Built 1850
MLS# 4968960	Lot Size 0.23 Acres	Taxes $10,268
Type Multi-Family	Days on Market 441 Days	Tax Year 2023
Units 5	Stories 2	Road Frontage
Annual Income $0	Style Historic Vintage, Multi-Family	Water Frontage 68
Annual Expenses $0	Finished 5,040 Sqft	Construction No, Existing
Zoning Res 1500	Above Grade 5,040 Sqft	Seasonal No
Total Rooms 9	Below Grade 0 Sqft	List Date Sep 7th, 2023

Expenses

Gross Income $0	Operating Expenses $0	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 2 Beds, 1 Baths, $0/Mo	Unit 2 2 Beds, 1 Baths, $1,000/Monthly
Unit 3 2 Beds, 1 Baths, $1,600/Monthly	Unit 4 3 Beds, 1 Baths, $935/Monthly
Unit 5 0 Beds, 1 Baths, $550/Monthly

Building

ConstructionWood Frame
BasementInterior, Unfinished, Full
Interior Features
Exterior Features

Exterior Aluminum	Disability Features
Foundation Concrete	House Color white
Floors Carpet, Vinyl, Wood	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

DirectionsMain St. past roundabout, turn left on Franklin St. just before Main Street Middle School. Property on left.
Lot Description, River Frontage, City Lot, Near Bus/Shuttle, Windows - Double Pane
Garage & Parking No, , , Off Street, 5 Parking Spaces

Road Frontage	Water Access
Driveway Gravel	Water Type River
Flood Zone Unknown	Water Body
Zoning Res 1500

Schools

School District Montpelier School District	Middle Main Street Middle School
Elementary Union Elementary School	High Montpelier High School

Utilities

Heat Fuel , Oil	Excluded
Heating/Cool None, Radiators, Hot Water	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Electric, Shared	Financing
Cable Co	Documents Property Disclosure, Deed, Tax Map
Electric Other, Circuit Breaker	Tax ID 405-126-12241

† The remarks published on this webpage originate from Listed By Monique Payne of Heney Realtors - Element Real Estate (Montpelier) via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.