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27 St Paul Street, Montpelier, VT 05602

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For Sale

$388,500

3 beds • 2 baths • 2,284 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $170.10
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Great opportunity to own and live in a spacious two-unit building in downtown Montpelier and have tenants help pay your mortgage and expenses. OR, this two unit could easily be converted back to a SINGLE FAMILY HOMES by just unlocking two doors! Live upstairs in the vacant unit, park your car in one of the two garage spaces and walk everywhere or rent out the second floor unit for double the income. Located on a low maintenance tenth of an acre lot. Besides the garages, there is plenty of off street parking. First floor one bedroom unit is rented for $1,520/month and the second floor two bedroom unit is currently vacant. Heat (oil steam radiators), gas for ranges, water and sewer are included in rent. Tenants pay their own electric, hot water, trash, internet and cable. Each unit has a garage. There is a large storage space on the back of the building on each floor with stairs to the garage. The large fully equipped kitchens have gas ranges and full size refrigerators. Each unit has a covered porch at its private entry where a table and chairs could be set up to enjoy the lovely weather. Water came up through the basement drain in the July 2023 flood. Flood waters did not come up to the house. Owner's current commercial mortgage does NOT require flood insurance.
MLS# 4992563

Courtesy Of Berkshire Hathaway HomeServices Vermont Realty Group

(802) 223-6302

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Porch, Basement
  • Appliances
    Range, Refrigerator
  • Architecture Style
    Other
  • Floor Covering
    Hardwood
  • Heating Fuel
    Oil
  • Heating System
    Radiator
  • Lot Size
    0.1 Acres
  • Roof Type
    Asphalt
  • Rooms
    Basement, Bedroom, Full Bath

Map and Directions

Directions to 27 St Paul Street, Montpelier, VT 05602

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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