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Listed by The Nancy Jenkins Team • Nancy Jenkins Real Estate
$ 750,000
Est. payment /mo
New
198 Elm ST Manchester, VT 05255
7 Beds
5 Baths
3,216 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,216 sqft
Price per Sqft $233
MLS Listing ID 5097410
Bedrooms 7
Full Baths 5
Construction Status Existing
Year Built 1900
Annual Tax Amount $7,079
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Description
Rare opportunity to own a well-maintained 4-unit property in the heart of Manchester, one of Southern Vermont's most sought-after destinations. Offered at an attractive 8% cap rate, this unique investment features a charming 2-bedroom, 2-bath carriage house, two 2-bedroom, 1-bath units, and a 1-bedroom, 1-bath apartment, providing an appealing mix for a variety of tenants. Recent updates include new flooring installed in one unit in 2026, further enhancing the property's appeal. Manchester is renowned for its blend of small-town charm and year-round recreation. Residents enjoy easy access to world-class skiing, hiking, golf, fly fishing, and the scenic beauty of the Green Mountains, along with upscale dining, boutique shopping, and cultural attractions. The area's strong sense of community and vibrant four-season lifestyle continue to make it one of Vermont's premier destinations. Whether you're expanding your portfolio or seeking a quality asset in an exceptional location, this property offers the perfect combination of income, character, and long-term value.3D Virtual Tours Available Upon Request.
Location
State VT
County Vt-bennington
Area Vt-Bennington
Zoning Residential
Rooms
Basement Entrance Interior
Basement Crawl Space
Interior
Cooling None
Exterior
Utilities Available Cable Available
Roof Type Shingle,Slate
Building
Story 2
Sewer Public
Architectural Style Colonial
Construction Status Existing
