54 Mill Street, Barre, VT 05641
Local realty services provided by:ERA Key Realty Services
Listed by: mikail stein
Office: re/max north professionals802-655-3333
MLS#:5106066
Source:PrimeMLS
Price summary
- Price:$1,550,000
- Price per sq. ft.:$150.31
About this home
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 6.5% 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....
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Home facts
- Year built:1880
- Listing ID #:5106066
- Added:1 day(s) ago
- Updated:August 22, 2026 at 01:50 AM
Rooms and interior
- Total bathrooms:11
- Full bathrooms:11
- Basement Description:Concrete Floor, Exterior Access, Full, Interior Access, Partially Finished, Storage Space, Unfinished, Walkout
- Living area:7,340 sq. ft.
Heating and cooling
- Heating:Oil
Structure and exterior
- Roof:Membrane, Shingle
- Year built:1880
- Building area:7,340 sq. ft.
- Lot area:1.62 Acres
- Levels:2 Story
Schools
- High school:Spaulding High School
- Middle school:Barre City Elem & Middle Sch
- Elementary school:Barre City Elem & Middle Sch
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$1,550,000
- Price per sq. ft.:$150.31
- Tax amount:$19,792 (2025)
Features and amenities
- Amenities:Circuit Breaker(s)
Parking
- Parking description:Common/Shared, Paved Driveway
- Garage spaces:2
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