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Mike Quail

mike@thequailgroup.com +1(978) 406-9294

Listed by Mikail Stein • RE/MAX North Professionals

$ 1,550,000

Est. payment | -/mo

7,340 SqFt

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$ 1,550,000

Est. payment | -/mo

Save Virtual Tour

7,340 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,340 sqft

Price per Sqft $211

MLS Listing ID 5106066

Construction Status Existing

Year Built 1880

Annual Tax Amount $19,792

Tax Year 2025

Lot Size 1.620 Acres

Acres 1.62

Property Description

Turnkey Multi Family Investment Opportunity in Central Vermont at 54,56, 58, and Lot 1 Mill Street, Barre City, VT. Boasting more than 7300 finished sqft at roughly $210/sqft, 13 bedrooms and 11 baths, this is a great opportunity! Rare chance to own a well maintained, income producing property in the heart of Central Vermont. Situated on 1.62 acres at the end of Mill Street, this unique offering includes two single family homes, a 9 unit apartment building, and an included empty lot, an ideal turnkey investment for an owner operator or investor alike. One single family home was built as recently as 2003, with a 2 car garage and storage above. An additional shed with electricity offers convenient space for property maintenance tools. Several apartment units have been recently renovated with new flooring and fresh paint, adding to the property's turnkey appeal and rental value. The included empty lot offers exciting potential to add another building and generate further income. Located at the end of Mill Street, the parcel abuts walking paths, and the beautiful Stevens Branch waterway (no flooding has affected the property in the last few local floods) with plenty of parking and yard space. All units are currently rented, reflecting excellent rental history and steady cash flow. The property operates at a 6.5% cap rate and grosses over $150,000 per year. Bringing rents to market rates could add roughly $26,000 in gross income, pushing the cap rate to nearly 8.2%, offering strong upside for investors. Conveniently located near shopping, restaurants, and easy access to I 89, this is a rare chance to acquire a stable, cash flowing multi family asset in a highly desirable Central Vermont location.

Location

State VT

County Vt-washington

Area Vt-Washington

Zoning R-12

Rooms

Basement Entrance Walkout

Basement Concrete Floor, Exterior Access, Full, Interior Access, Partially Finished, Storage Space, Unfinished

Interior

Cooling None

Inclusions Outbuilding

Exterior

Garage Spaces 2.0

Utilities Available Other

Roof Type Membrane,Shingle

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools Barre City Elem & Middle Sch

Middle Schools Barre City Elem & Middle Sch

High Schools Spaulding High School

School District Barre Unified Union School District

Others

Virtual Tour https://unbranded.youriguide.com/54_58_mill_st_barre_vt/

NEARBY SCHOOL & BUSINESS

+1(978) 406-9294

mike@thequailgroup.com

54 Mill ST Barre City, VT 05641