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Courtesy of Martha Lange of BHHS Vermont Realty Group/Montpelier: .

371 River Street

Montpelier, VT 05602
  • $349,000
  • STATUS: Active
  • MLS #: 5040674
UPDATED: 58 min ago
$349,000
  • 0
    BEDS
  • 1.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1934
County:
Area:

School Ratings & Info

Description

Tax bill dropped almost $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 $3,600./month with all utilities included for three tenants paying weekly. 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 house is currently $750/week for two renters. All units are likely to be charging under market rates, but there are many long term renters.

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© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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. Data last updated 2025-11-07T13:05:43.663.
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371 River Street Montpelier, VT 05602

  • Price: $349,000
  • Status: Active
  • On Site: Days
  • Updated: 58 min ago
  • MLS #: 5040674
0
Beds
0
Baths
0
½ Baths
1.12
Acres
1934
Built
Neighborhood:
Montpelier
County:
Washington
Area:
Montpelier
Property Description
Tax bill dropped almost $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 $3,600./month with all utilities included for three tenants paying weekly. 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 house is currently $750/week for two renters. All units are likely to be charging under market rates, but there are many long term renters.
Exterior Features

Lot Features Near ShoppingNear Public TransportatnCity LotCornerLeasedNear Hospital Parking Off StreetParking Spaces 6+Paved Road Frontage Yes Road Frontage Length 300 Roof Metal Water View YN No Waterfront Property No

Interior Features

Basement Yes Basement Access Type Walkout Basement Description ConcreteConcrete FloorFullOtherAssigned StorageLocked StorageWalkoutExterior Access Foundation Concrete Heating Hot Air Sq Ft Total Building 1316

Property Features

Assessment Amount 393300 Assessment Year 2025 Building Number 371 Business Type BusinessInvestmentOfficeOther Cable Company Xfinity available Electric Circuit Breaker(s) Electric Company Green Mt Power Flood Zone No Foreclosed / Bank Owned / REO No Fuel Company Irving Natural Gas Available No Pre Construction No Sale Includes Additional BuildingsLand/BuildingOutbuilding Seasonal No Sewer Public Span Number 405-126-10698 Tax Gross Amount 9447.84 Tax Year 2025 Taxes Tbd No Utilities Cable at Site Vacant Land No Water Source Public Zoning ResidentialEastern Gtwy

Courtesy of Martha Lange of BHHS Vermont Realty Group/Montpelier: .


© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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. Data last updated 2025-11-07T13:05:43.663.
 
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