585 Elm Street Montpelier, Vermont 05602 MLS# 4918301

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Sold Status

$665,000 Sold Price

Multi Type

5 Beds

3 Baths

2,762 Sqft

Listed By Jeanne Felmly of Dome Real Estate Group LLC
Sold By Flex Realty

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This owner occupied three dwelling multi family home has been lovingly maintained and is now being offered after almost 50 years of ownership. The property includes the main building along with a four bay garage built in 2013. A beautiful and historic two story barn has original beams and wide plank flooring with massive storage on the second level. The owner's apartment has hardwood flooring on the main level and a Vigilant wood stove, two bedrooms upstairs as well as a private deck and second story balcony. The rental units include a main level one bedroom apartment with a windowed kitchen and a two bedroom second floor apartment with a bright eat in kitchen. All three units share a lovely covered front porch.The 2.3 acre property includes apple trees, perennials and a stone wall and meets zoning for subdivision and possible development. This is a great investment opportunity and is walking distance to town, near shopping, I-89 , CMVC and the recreational center is about a minute away! †

Property Location

585 Elm Street Montpelier

Property Details

Essentials

Sold Price $665,000		Sold Date Nov 14th, 2022
List Price 670,000	Bedrooms 5	Garage Size 4 Car
Cooperation Fee Unknown	Total Bathrooms 3	Year Built 1870
MLS# 4918301	Lot Size 2.3 Acres	Taxes $9,110
Type Multi-Family	Days on Market 875 Days	Tax Year 2021
Units 3	Stories 2	Road Frontage 266
Annual Income $13,000	Style Multi-Family, New Englander, Near Hospital	Water Frontage
Annual Expenses $0	Finished 2,762 Sqft	Construction No, Existing
Zoning RESD 1	Above Grade 2,762 Sqft	Seasonal No
Total Rooms 5	Below Grade 0 Sqft	List Date Jun 30th, 2022

Expenses

Gross Income $13,000	Operating Expenses $0	Net Income $0

Expenses Includes

Unit Size & Rent

Unit 1 1 Beds, 1 Baths, $1,190/Monthly	Unit 2 2 Beds, 1 Baths, $985/Monthly
Unit 3 2 Beds, 1 Baths, $0/Mo

Building

ConstructionWood Frame
BasementInterior, Sump Pump, Unfinished, No Tenant Access, Interior Stairs, Unfinished, Interior Access
Interior Features
Exterior Features

Exterior Clapboard	Disability Features
Foundation Concrete, Fieldstone	House Color Yellow
Floors Vinyl, Carpet, Hardwood	Building Certifications
Roof Shingle-Asphalt	HERS Index

Property

DirectionsFrom Main Street in downtown Montpelier, continue to roundabout. Take second exit onto Spring Street/VT RT 12. Turn right onto Elm Street/ VT RT 12. Go about 1 mile. House on right.
Lot Description, River Frontage, City Lot, Level, Open, River Frontage, Sidewalks, Near Bus/Shuttle, Windows - Double Pane
Garage & Parking Yes, Auto Open, , Garage, 4 Parking Spaces, Parking Spaces 4

Road Frontage 266	Water Access
Driveway Circular, Gravel	Water Type River
Flood Zone Yes	Water Body
Zoning RESD 1

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, Baseboard	Negotiable
Sewer Public	Parcel Access ROW
Water Public	ROW for Other Parcel
Water Heater Electric, Owned	Financing
Cable Co Comcast	Documents Property Disclosure, Deed, Lease Agreements, Property Disclosure, Tax Map
Electric 200 Amp	Tax ID 40512612422

† The remarks published on this webpage originate from Listed By Jeanne Felmly of Dome Real Estate Group LLC 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.