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Matt Quinlan

matt@quinlanhomescrg.com +1(978) 827-8268

Listed by Adam Cross • Flex Realty • Dan@FlexRealtyVT.com

$198,000

Est. payment - /mo

9 Beds

5 Baths

4,592 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,592 sqft

Price per Sqft $43

MLS Listing ID 5086654

Bedrooms 9

Full Baths 5

Construction Status Existing

Year Built 1890

Annual Tax Amount $4,155

Tax Year 2026

Lot Size 8,712 Sqft

Acres 0.2

Property Description

This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.

Location

State VT

County Vt-caledonia

Area Vt-Caledonia

Zoning Residential B

Rooms

Basement Entrance Walk-up

Basement Concrete Floor, Dirt Floor, Unfinished

Interior

Cooling None

Flooring Wood

Exterior

Utilities Available Cable Available, Telephone Available

Waterfront Description No

View Y/N No

Water Access Desc No

View No

Roof Type Membrane,Shingle,Slate

Building

Story 3

Sewer Public

Architectural Style Victorian

Construction Status Existing

Schools

Elementary Schools St. Johnsbury Schools

Middle Schools St. Johnsbury Schools

High Schools Choice

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Matt Quinlan

+1(978) 827-8268

Broker | License ID: 9518707

Broker License ID: 9518707

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277 Summer ST St. Johnsbury, VT 05819

Matt Quinlan

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

NEARBY SCHOOL & BUSINESS

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