43 East State Street
Montpelier, VT 05602
$649,000
Price
5
Beds
4
Baths
2,793 Sq. Ft.
$232 / Sq. Ft.
2,793
Sq. Ft.
$232
per Sq. Ft.
Description
Exceptional opportunity to purchase a four unit multi family in the heart of downtown Montpelier! Completely renovated in 1984, including a poured concrete foundation and new electric and plumbing, this income producing property is ready for new ownership after over 40 years. Three of the four units have beautiful hardwood flooring throughout as well as assigned off street parking. Convenient to all amenities: public transportation, shopping, dining/bars, hospital and the I89 corridor. A perfect...Exceptional opportunity to purchase a four unit multi family in the heart of downtown Montpelier! Completely renovated in 1984, including a poured concrete foundation and new electric and plumbing, this income producing property is ready for new ownership after over 40 years. Three of the four units have beautiful hardwood flooring throughout as well as assigned off street parking. Convenient to all amenities: public transportation, shopping, dining/bars, hospital and the I89 corridor. A perfect candidate for a 1031 exchange. This offering has been thoughtfully cared for over the decades and will be the perfect fit for the discerning investor.
- Listed by Jeanne Felmly • Dome Real Estate Group LLC
Property Details for 43 East State Street
Parking
Assigned, Off Street
ZoningRESD 1
LISTING UPDATED: 10/15/2024 01:29 PM
Property Details for 43 East State Street
| Status | Active |
|---|---|
| MLS # | 5017370 |
| Days on Market | 74 |
| Taxes | $10,609 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1877 |
| Lot Size | 0.24 AC / 10,454 SF |
| County | Washington County |
Building Information for 43 East State Street
Stories2Residences4Year Built1877Building Size-Lot Size0.24 AC / 10,454 SF
Property Information for 43 East State Street
Summary
Location and General Information
- Area Description: Business District, Historic District, In Town, Near Hospital, Near Public Transportatn, Near Shopping, Neighborhood
- City: Montpelier
- County: VT-Washington
- Directions: From Main Street in downtown, turn onto East State Street. Go 0.1 mile, property on right.
- Latitude: 44.259146477260757
- Longitude: -72.573280915344242
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05602
Taxes and HOA Information
- SPAN Number: 40512610967
- Tax Year: 2024
- Tax Year Notes: 2024-2025
- Taxes TBD: No
School Information
- School - High: Montpelier High School
- School - District: Montpelier School District
- School - Elementary: Union Elementary School
- School - Middle/Jr: Main Street Middle School
Parking
- Garage: Yes
- Garage Capacity: 2.00
- Driveway: Paved
Property
Lot Information
- Lot - Sqft: 10454.0
- Lot Features: City Lot, Sidewalks
- Lot Size Acres: 0.24
- Road Frontage Length: 85.0
- Square Feet Apx Finished Above Grade: 2793.0
- Square Feet Apx Finished AG Source: Public Records
- Square Feet Apx Finished Below Grade: 0.0
- Square Feet Apx Finished BG Source: Public Records
- Square Feet Apx Total: 3482.0
- Square Feet Apx Total Finished: 2793.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Public Records
- Square Feet Apx Unfinished Below Grade: 689.0
- Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
- Assessment Amount: $438,800
- Assessment Year: 2023
- Property Class: Multi-Family
- Construction Status: Existing
- Easements: Yes
- Flood Zone: No
- Foundation: Concrete
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1877
Utilities
- Electric Company: Green Mountain Power
- Fuel Company: Gillespie
- Electric: 100 Amp
- Sewer: Public
- Water Source: Public
- Utilities: Gas - LP/Bottle
- Total Gas Meters: 4
- Total Electric Meters: 4
- Separate Utilities: Yes
- Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
- Color: Grey
- Construction Materials: Clapboard Exterior
- Exposure: North
- Features - Exterior: Porch - Covered
- Roads: Paved, Public
- Roof: Membrane
- Total Ranges: 4
Interior Features
- Appliances: Water Heater – Electric
- Basement: Yes
- Basement Access Type: Interior
- Basement Description: Interior Access, Stairs - Interior, Unfinished
- Total Full Baths: 4
- Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
- Heat Fuel: Gas - LP/Bottle
- Heating: Gas Heater
- Cooling: None
- Total Refrigerators: 4
- Total Rooms Above Ground: 12
- Total Stories: 2
- Total Water Heaters: 4
Multi Family
Income & Expenses Information
- Gross Income: $57,000.00
- Net Income: $39,217.16
- Operating Expense Incl: Heat, Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
- Operating Expense: $17,783
Multi-Family Information
- Total Units: 4
- Total 1 BR Units: 3
- Total 2 BR Units: 1
- Total 3+ BR Units: 0
- Total Heat Units: 5
Unit Information
Unit 1
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Lease Term: Month to Month
- Unit 1 Level Number: 1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rooms: 3
- Unit 1 Rental Amount: $1,250.00
- Unit 1 Tenant Pays: Electric
- Unit 1 Info: Appliances Included, CO Detector, Heat Included, Range - Electric, Refrigerator, Smoke Detector
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Baths: 1
- Unit 2 Rooms: 4
- Unit 2 Status: Leased
- Unit 2 Level Number: 2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $1,750.00
- Unit 2 Info: Appliances Included, Dishwasher, Dryer, Heat Included, Porch, Range - Electric, Refrigerator, Washer
- Unit 2 Tenant Pays: Electric
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rooms: 3
- Unit 3 Level Number: 1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Bedrooms: 1
- Unit 3 Rental Amount: $850.00
- Unit 3 Info: Appliances Included, CO Detector, Range - Electric, Refrigerator, Smoke Detector
- Unit 3 Tenant Pays: Electric, Heat
Unit 4
- Unit 4 Lease Term: Annual
- Unit 4 Level Number: 2
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Rooms: 3
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 1
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $900.00
- Unit 4 Info: Appliances Included, CO Detector, Range - Electric, Refrigerator, Smoke Detector
- Unit 4 Tenant Pays: Electric, Heat
Rental
Rent Information
- Total Leases: 4
Property History for 43 East State Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 43 East State Street
Taxable ValueLand$86,900Additions$351,900Total$438,800
Tax Record2021$7,197 ($600 / month)
Home Facts
Baths4Total Finished SqFt2,793 SqFtAbove Grade Finished SqFt2,793 SqFtStories2Lot Size10,454 SqFtStyleMulti-Family Res (5+ Units)Year Built1877CountyWASHINGTONAPN(126) 041043000
Schools near 43 East State Street
This home is within Montpelier Roxbury Unified Union School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 4 | |||
| Public - | PK to 4 | |||
| Public - | 5 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Roxbury Village School PublicPK to 4 | ||
Union Elementary School PublicPK to 4 | ||
Main Street School Public5 to 8 | ||
Montpelier High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Dome Real Estate Group LLC
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/18/2024 02:55 AM
