371 River Street, Montpelier, VT 05602
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
371 River Street,Montpelier, VT 05602
$349,000
- 3 Beds
- 1 Baths
- 1,316 sq. ft.
- Single family
- Active
Listed by: martha lange
Office: bhhs vermont realty group/montpelier
MLS#:5040756
Source:PrimeMLS
Price summary
- Price:$349,000
- Price per sq. ft.:$159.29
About this home
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 $3,600./month with all utilities included for three tenants paying weekly. 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 house is currently $750/week for two renters. All units are likely to be charging under market rates, but there are many long term renters.
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Home facts
- Year built:1934
- Listing ID #:5040756
- Added:180 day(s) ago
- Updated:November 11, 2025 at 11:27 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,316 sq. ft.
Heating and cooling
- Heating:Hot Air
Structure and exterior
- Roof:Metal
- Year built:1934
- Building area:1,316 sq. ft.
- Lot area:1.12 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$349,000
- Price per sq. ft.:$159.29
- Tax amount:$9,447 (2025)
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