1-3-5 Spring St - Apartments FOR SALE


Montpelier, VT 05602
$3,045,000 USD
714-400-6267
1-3-5 Spring St, Montpelier, VT for Sale
$3,045,000 USD
Apartments - FOR SALE
1/1
null | 5.26% Cap Rate

1-3-5 Spring St
Montpelier, VT 05602


HIGHLIGHTS

  • Multifamily property with a mix of residential units and commercial suites.
  • Diverse unit mix includes townhomes, flats, and apartment residences.
  • Commercial space provides additional income diversification within the asset.
  • Located in downtown Montpelier within walking distance of Main Street amenities.
  • Residential units include a variety of layouts, with select units featuring garage access.

OVERVIEW

The Vermont Capital Portfolio consists of five properties and seven buildings located at 73 Main Street, 79-83 Main Street, 141 Main Street, 8 St. Paul Street, and 1-3-5 Spring Street in Montpelier, Vermont. The portfolio contains retail, office, multifamily residential, parking, and access-related real estate totaling 103,381 square feet. The offering price is $13,650,000. The properties are located within Montpelier's downtown district near the Vermont State House, government offices, businesses, and community institutions. Ownership reports completion of flood mitigation and resiliency improvements, including protection and relocation of critical building systems.

FOR SALE DETAILS

PRICE

$3,045,000 USD

PRICE/SF

$203 USD /SF

# OF UNITS

19

PRICE/UNIT

$160,263

CAP RATE

5.26%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.04 AC

LAND SF

45,302 SF

ZONING

Mixed Use Residential

APN/PARCEL ID

147-001000

ASK ABOUT THIS PROPERTY

Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

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Spencer O'DonnellCharter Realty CompanyMore Info
714-400-6267

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.