371 River
Montpelier, VT 05602
- 3 beds
- 1 bath
- 1,316 sqft
- ~1 acre lot
- $300 per sqft
- 1934 build
- – on site
Unique property with many possibilities. It has amazing road frontage and exposure with approx. 300 feet of road frontage. Live in the home and havethe 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 ofuse permit (attached) from Commercial to Residential zoning. The sellers also filed a grievance with the City regarding the assessment...TBD The very well maintained 1934three-bedroom, one bathroom cape home is currently being used for tenant rental and has been getting $2,600./month with all utilities included. The tenant is leaving 6/2,so it's ready for you to put in your own tenants or move in yourself. The home has been an office building for several businesses in the past. The home has hardwoodfloors, 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. Thehouse 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 insidelocked 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. Thatbuilding currently generates $755/month. The leases are month to month. All units are likely to be charging under market rates, but there are many long term renters.
Last checked:
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Last updated May 14, 2025
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MLS# 5040756 —
The Building
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Year Built:1934
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Vinyl Siding
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Architectural Style:Cape
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Roof:Metal
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Foundation:Concrete
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Total Stories:1.5
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Approx SqFt Total:2191
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Approx SqFt Total Finished:1,316 Sqft
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Approx SqFt Finished Above Grade:1,316 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:875
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Approx SqFt Finished Building Source:Assessor
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Approx SqFt Unfinished Building Source:Estimated
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Approx SqFt Finished Above Grade Source:Assessor
Interior
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Total Rooms:9
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Flooring:Carpet, Hardwood, Vinyl
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Basement:Yes
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Basement Description:Storage - Assigned, Storage - Locked, Unfinished, Walkout
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Basement Access Type:Walkout
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Room 1 Level:1
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Room 2 Level:1
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Room 3 Level:1
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Room 4 Level:1
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Room 5 Level:1
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Room 6 Level:1
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Room 7 Level:1
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Room 8 Level:2
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Room 9 Level:2
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Room 1 Type:Kitchen
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Room 2 Type:Dining Room
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Room 3 Type:Living Room
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Room 4 Type:Den
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Room 5 Type:Bedroom
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Room 9 Type:Bedroom
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Room 8 Type:Bedroom
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Room 7 Type:Mudroom
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Room 6 Type:Bath - Full
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Rooms Level 1:Level 1: Bedroom, Level 1: Bath - Full, Level 1: Den, Level 1: Dining Room, Level 1: Kitchen, Level 1: Living Room, Level 1: Mudroom
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Rooms: Level 2Level 2: Bedroom
Location
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Directions:On the corner of River Street, AKA "the Barre-Montpelier Road", and Sherwood Drive across from Cody Chevrolet.
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Latitude:44.237609060119468
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Longitude:-72.553800271163936
The Property
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Property Type:Single Family
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Property Class:Residential
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Owned Land:Yes
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Seasonal:No
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Lot Features:City Lot, Corner, Rental Complex
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Lot SqFt:48,787 Sqft
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Lot Acres:1 Sqft
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Zoning:Residential and Commercia
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Exterior Features:Outbuilding
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Driveway:Circular, Paved
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Road Frontage:Yes
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Road Frontage Length:300 Sqft
Listing Agent
- Contact info:
- Office phone:
- (802) 223-6302
Taxes
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Tax Year:As comercl
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Tax Year:2024
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Taxes TBD:No
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Tax - Gross Amount:$121,651.80
Beds
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Total Bedrooms:3
Baths
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Total Baths:1
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Full Baths:1
The Listing
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Price Per SqFt:300.15
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Hot Air
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Fuel Company:Irving
Utilities
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Utilities:Cable - At Site
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Sewer:Public
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Electric:Circuit Breaker(s)
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Water Source:Public
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Cable Company:Fidium Fiber
Appliances
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Appliances:Refrigerator
The Community
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Planned Urban Development:No
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Covenants:No
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Assessment Amount:523300
Monthly cost estimate

Asking price
$395,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,115
|
Taxes | $10,137 |
Insurance | $108 |
Utilities | $439 See report |
Total | $12,799/mo.* |
*This is an estimate |
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
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5/14/25
May 14, 2025
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Listed / Active | PRIME_MLS | $395,000 |