Tax bill dropped $3k this tax year! Unique property with many possibilities. It has an amazing 300 ft of road frontage and exposure. Live in the home and have the 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 of use permit (attached) from Commercial to Residential zoning. The very well maintained 1934 three-bedroom, one bathroom cape home has been getting $2,000-2,600./month with all utilities included. The home has been an office building for several businesses in the past. The home has hardwood floors, 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. The house 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 inside locked 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. That building 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.
Active
Listed by:
Martha Lange,
BHHS Vermont Realty Group/Montpelier 802-223-6302
Price cut: $4K (8/1)
$375,000
371 River Street, Montpelier, VT 05602
3beds
1,316sqft
Est.:
Single Family Residence
Built in 1934
1.12 Acres Lot
$370,200 Zestimate®
$285/sqft
$-- HOA
What's special
Mud roomDining roomHardwood floorsMain floor bedroomUpdated bathroom
- 89 days
- on Zillow |
- 574 |
- 15 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 05:37am
Listed by:
Martha Lange,
BHHS Vermont Realty Group/Montpelier 802-223-6302
Source: PrimeMLS,MLS#: 5040756

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Hot Air
Cooling
- None
Appliances
- Included: Refrigerator
Features
- Flooring: Carpet, Hardwood, Vinyl
- Basement: Assigned Storage,Locked Storage,Unfinished,Walkout,Walk-Out Access
Interior area
- Total structure area: 2,191
- Total interior livable area: 1,316 sqft
- Finished area above ground: 1,316
- Finished area below ground: 0
Property
Parking
- Parking features: Circular Driveway, Paved
Features
- Levels: One and One Half
- Stories: 1.5
- Frontage length: Road frontage: 300
Lot
- Size: 1.12 Acres
- Features: City Lot, Corner Lot, Rental Complex
Details
- Additional structures: Outbuilding
- Zoning description: Residential, Eastern Gtwy
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete
- Roof: Metal
Condition
- New construction: No
- Year built: 1934
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Utilities for property: Cable at Site
Community & HOA
Location
- Region: Montpelier
Financial & listing details
- Price per square foot: $285/sqft
- Tax assessed value: $523,300
- Annual tax amount: $9,447
- Date on market: 5/14/2025
- Road surface type: Paved
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