371 River ST, Montpelier, VT 05602
371 River ST, Montpelier, VT 05602
371 River ST, Montpelier, VT 05602
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Listed by Martha Lange • BHHS Vermont Realty Group/Montpelier
$329,900
Est. payment /mo
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3 Beds
1 Bath
1,316 SqFt
Under Contract

371 River ST Montpelier, VT 05602

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Trevor Ainsworth

Trevor Ainsworth

+1(802) 598-5595

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 1,316 sqft

Price per Sqft $250

MLS Listing ID 5040756

Style Cape

Bedrooms 3

Full Baths 1

Construction Status Existing

Year Built 1934

Annual Tax Amount $9,447

Tax Year 2025

Lot Size 1.120 Acres

Acres 1.12

Property Sub-Type Single Family

Property Description

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 taxes and expenses. Or, rent the house to tenants or a business to add to the income from the storage units. This property went through a change of use permit (attached) from Commercial to Residential zoning in 2025. The very well maintained 1934 three-bedroom (lister card says two bedrooms), one bathroom cape home has recently been getting $3,600./month with all utilities included for three individual tenants paying weekly. The home has been an office building for several businesses in the past. Features include hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable first floor laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement which 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. All units are likely to be charging under market rates, but there are many long term renters. No confirmation or research has been done by the owners, but the size of the lot seems to support further development.

Location

State VT

County Vt-washington

Area Vt-Washington

Zoning Residential, Eastern Gtwy

Rooms

Basement Entrance Walkout

Basement Assigned Storage, Locked Storage, Unfinished, Walkout

Interior

Heating Hot Air

Cooling None

Flooring Carpet, Hardwood, Vinyl

Exterior

Parking Features No

Utilities Available Cable at Site

Roof Type Metal

Building

Lot Description City Lot, Corner, Rental Complex

Story 1.5

Sewer Public

Water Public

Architectural Style Cape

Construction Status Existing

PrimeMLS

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Trevor Ainsworth

Trevor Ainsworth

Agent | License ID: 082.0007328

+1(802) 598-5595

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371 River ST