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1-3-5 Spring St 19 Unit Apartment Building $4,194,792 CAD ($220,779 CAD/Unit) 5.26% Cap Rate Montpelier, VT 05602
Investment Highlights
- Multifamily property with a mix of residential units and commercial suites.
- Commercial space provides additional income diversification within the asset.
- Residential units include a variety of layouts, with select units featuring garage access.
- Diverse unit mix includes townhomes, flats, and apartment residences.
- Located in downtown Montpelier within walking distance of Main Street amenities.
Executive Summary
The Vermont Capital Portfolio consists of five properties and seven buildings located at 73 Main Street, 79-83 Main Street, 141 Main Street, 8 St. Paul Street, and 1-3-5 Spring Street in Montpelier, Vermont. The portfolio contains retail, office, multifamily residential, parking, and access-related real estate totaling 103,381 square feet. The offering price is $13,650,000. The properties are located within Montpelier's downtown district near the Vermont State House, government offices, businesses, and community institutions. Ownership reports completion of flood mitigation and resiliency improvements, including protection and relocation of critical building systems.
Property Facts
| Price | $4,194,792 CAD | Building Class | C |
| Price Per Unit | $220,779 CAD | Lot Size | 1.04 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| Cap Rate | 5.26% | Average Occupancy | 96% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | ||
| Zoning | Mixed Use Residential - Mixed Use Residential | ||
| Price | $4,194,792 CAD |
| Price Per Unit | $220,779 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 15,000 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1960 |
| Zoning | Mixed Use Residential - Mixed Use Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
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1-3-5 Spring St
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