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Listed by Martha Lange • BHHS Vermont Realty Group/Montpelier
$375,000
Est. payment /mo
1.12 Acres Lot
Price Dropped by $4K
371 River ST Montpelier, VT 05602
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 5040674
Year Built 1934
Annual Tax Amount $9,447
Tax Year 2025
Lot Size 1.120 Acres
Acres 1.12
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 $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.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Residential, Eastern Gtwy
Rooms
Basement Entrance Walkout
Basement Concrete, Concrete Floor, Full, Other, Assigned Storage, Locked Storage, Walkout, Exterior Access
Interior
Inclusions Additional Buildings, Land/Building, Outbuilding
Exterior
Utilities Available Cable at Site
Waterfront Description No
View Y/N No
View No
Roof Type Metal
Building
Sewer Public
