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Listed by Martha Lange • BHHS Vermont Realty Group/Montpelier
$ 379,000
Est. payment /mo
Price Dropped by $16K
371 River ST Montpelier, VT 05602
3 Beds
1 Bath
1,316 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,316 sqft
Price per Sqft $287
MLS Listing ID 5040756
Bedrooms 3
Full Baths 1
Construction Status Existing
Year Built 1934
Annual Tax Amount $12,651
Tax Year 2024
Lot Size 1.120 Acres
Acres 1.12
Property Sub-Type Single Family
Property Description
Unique property with many possibilities. It has amazing road frontage and exposure with approx. 300 feet of road frontage. 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 sellers filed a grievance and the assessment was reduced $130,000. for 2025-26. The very well maintained 1934 three-bedroom, one bathroom cape home is currently being used for tenant rental and has been getting $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. No current tenant.
Location
State VT
County Vt-washington
Area Vt-Washington
Zoning Residential, Eastern Gtwy
Rooms
Basement Entrance Walkout
Basement Storage - Assigned, Storage - Locked, Unfinished, Walkout
Interior
Cooling None
Flooring Carpet, Hardwood, Vinyl
Exterior
Utilities Available Cable - At Site
Roof Type Metal
Building
Story 1.5
Foundation Concrete
Sewer Public
Architectural Style Cape
Construction Status Existing
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