54 Mill Street,Barre City, VT 05641
Barre City, VT 05641
Description
Turnkey Multi Family Investment Opportunity in Central Vermont at 54,56, 58, and Lot 1 Mill Street, Barre City, VT. Boasting more than 7300 finished sqft at roughly $210/sqft, 13 bedrooms and 11 baths, this is a great opportunity! Rare chance to own a well maintained, income producing property in the heart of Central Vermont. Situated on 1.62 acres at the end of Mill Street, this unique offering includes two single family homes, a 9 unit apartment building, and an included empty lot, an ideal turnkey investment for an owner operator or investor alike. One single family home was built as recently as 2003, with a 2 car garage and storage above. An additional shed with electricity offers convenient space for property maintenance tools. Several apartment units have been recently renovated with new flooring and fresh paint, adding to the property's turnkey appeal and rental value. The included empty lot offers exciting potential to add another building and generate further income. Located at the end of Mill Street, the parcel abuts walking paths, and the beautiful Stevens Branch waterway (no flooding has affected the property in the last few local floods) with plenty of parking and yard space. All units are currently rented, reflecting excellent rental history and steady cash flow. The property operates at a 6.7% cap rate and grosses over $150,000 per year. Bringing rents to market rates could add roughly $26,000 in gross income, pushing the cap rate to nearly 8.2%, offering strong upside for investors. Conveniently located near shopping, restaurants, and easy access to I 89, this is a rare chance to acquire a stable, cash flowing multi family asset in a highly desirable Central Vermont location.
Details
| MLS # | 5106066 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1880 |
| Days On Site | 47 |
| Listing Provided By | RE/MAX North Professionals | Mikail Stein |
Features
| Garage | 2 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 11 |
| Zoning | R-12 |
| Acreage | 1.62 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Oil, Boiler |
Exterior
| Roof | Membrane, Shingle |
|---|---|
| Construction Materials | Wood Frame, Vinyl Siding |
| Foundation Details | Concrete |
| Lot Features | Landscaped, Level, In Town, Near Shopping, Private |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage, Off Street, On Site, Parking Spaces 11 - 20, Paved, Unassigned |
Utilities
| Utilities | Other |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public |
Taxes
| Tax Annual Amount | 19792.16 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | VT |
|---|---|
| County | Washington |
| City | Barre City |
| Zip Code | 05641 |
| Area | VT Washington |
| School District | Barre Unified Union School Distr |
| Elementary School | Barre City Elem & Middle Sch |
| High School | Spaulding High School |
| Listing VS Median (in 05641) | |
Price: $1,550,000 low | high Med: $599,900 On site: 47 low | high Med: 471 | |
Market Activity 05641
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Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Learn More About This Property
| State | VT |
|---|---|
| County | Washington |
| City | Barre City |
| Zip Code | 05641 |
| Area | VT Washington |
| School District | Barre Unified Union School Distr |
| Elementary School | Barre City Elem & Middle Sch |
| High School | Spaulding High School |
| Listing VS Median (in 05641) | |
Price: $1,550,000 low | high Med: $599,900 On site: 47 low | high Med: 471 | |
Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
