1. Vermont
2. Montpelier
3. 371 River Street

371 River Street, Montpelier, VT 05602

• 3 beds |
• 1 bath

Property Description

This listing courtesy of Martha Lange, BHHS Vermont Realty Group/Montpelier

Tax bill dropped $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.

Listing Status:

Active

Date Added:

May 14, 2025 at 05:00AM

Listing Office:

BHHS Vermont Realty Group/Montpelier : 802-223-6302

Listing Agent:

Martha Lange : 802-223-6302

MLS ID:

5040756

Interior

• Appliances: Refrigerator
• Basement: Assigned StorageLocked StorageUnfinishedWalkout
• Flooring: CarpetHardwoodVinyl
• A/C: None
• Heating: Hot Air

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Martha Lange, BHHS Vermont Realty Group/Montpelier