Andover VT Mult-Family Real Estate

MLS Number 5078473

• Multifamily
• Address 8 Parsons Street
• Units 6
• Acreage 0.1
• Square Feet 3,929

Endless potential awaits the next owner of this mixed-use opportunity at 8 Parsons St. Whether you're looking to relocate an existing business or bring a new venture to life, this property offers the flexibility to make your vision a reality. The building includes apartment units that could provide additional income-keep them as long-term rentals, live on-site while operating your business, or explore short-term rental possibilities such as Airbnb. The property is in need of significant repairs and a full rehabilitation, making it an ideal project for investors, contractors, or buyers ready to take on a renovation and unlock its true value. With the right vision and updates, this could become a standout property in the area. Conveniently located just seconds from Main Street in a great neighborhood, you'll appreciate the walkable access to local shops, dining, and services. This is a fantastic opportunity for experienced investors or ambitious buyers looking for their next project. *Note: Exterior photos have been AI-enhanced. Interior photos include both original and enhanced versions to help buyers better imagine the property's potential.* Property is being sold **as-is**.

Listed by Julie Steiner of Whitehill Estates & Homes

MLS Number 5086654

• Multifamily
• Address 277 Summer Street
• Units 6
• Bathroom 5
• Acreage 0.2

This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.

Listed by Adam Cross of Flex Realty

MLS Number 5087649

• Multifamily
• Address 326 High Street
• Units 3
• Bathroom 3
• Acreage 0.11

Three-unit multifamily located within walking distance of Berlin Public Schools, parks, and downtown. Each apartment offers four rooms, two bedrooms, and one bath. The property includes ample off-street parking and three storage sheds for tenants.

Listed by Don Lapointe of Badger Peabody & Smith Realty

MLS Number 5089640

• Multifamily
• Address 181 Federal Street
• Units 1
• Bathroom 1
• Acreage 0.11

Excellent investment opportunity featuring an impressive cap rate nearing 12%! Current tenants are on a month-to-month lease, offering flexible occupancy and income potential for investors or owner-occupants alike. Classic character meets everyday convenience in this farmhouse in the heart of St. Albans City. Set on a fenced lot with off-street parking, this home welcomes you with a covered front porch and side enclosed porch - perfect for enjoying Vermont's seasons. Inside, you'll find upgraded flooring in the updated kitchen and dining room, convenient first-floor laundry hookups, and a flexible floor plan designed to fit a variety of lifestyles. Three bedrooms including an easily accessible first-floor option, plus a den/office, and upstairs, a full bath. Very close to downtown St. Albans' shops, restaurants, and Taylor Park, and only minutes to I-89 for an easy commute south to Burlington or north to Montreal, this property offers the perfect blend of location and opportunity.

Listed by Lipkin Audette Team of Coldwell Banker Hickok and Boardman

MLS Number 5092732

• Multifamily
• Address 322 High Street
• Units 3
• Bathroom 3
• Acreage 0.11

Investment Opportunity! This three-unit apartment building is situated on a corner lot and offers strong income potential with room to increase cash flow. The property features ample off-street parking for tenants and two means of egress for added safety and convenience. Unit 1 is currently occupied and generating $1,300 per month in rental income. Unit 3 is occupied at $1,110 per month. Unit 2 is currently vacant, providing an excellent opportunity for a new owner to select their own tenant and establish market rent, or occupy the unit while collecting income from the other two apartments. With two income-producing units already in place and additional upside through the vacant unit, this property is well-suited for both seasoned investors and owner-occupants looking to offset their housing expenses.

Listed by Matthew Martel of RE/MAX Northern Edge Realty LLC

MLS Number 5072998

• Multifamily
• Village Rutland
• Address 161 Forest Street
• Units 2
• Acreage 0.19

Great location and great opportunity for income. Some work needs to be done to get the property into tip top shape. Current owner is living in one unit and the other is rented. The garage needs major rehab or demo.

Listed by Ed Savage of Green Mountain Premiere Properties

MLS Number 5090879

• Multifamily
• Village Bellows Falls
• Units 2
• Bathroom 2
• Acreage 0.17

Nicely cared for two family on a quiet dead end street within walking distance to the village and all that that includes, shopping, restaurants, movie theater, library and more! Each unit has three bedrooms, spacious kitchens, living room, a porch and includes washer and dryer in each unit. As an owner occupied property or an investment opportunity this is worth a look as there have been many upgrades over the years including exterior paint this year. 48 hours notice required for showings.

Listed by Oona Madden of Berkley & Veller Greenwood Country

MLS Number 5060096

• Multifamily
• Address 12 Grape Street
• Units 2
• Bathroom 2
• Acreage 0.13

Listed by Cynthia Hollister of NY and VT Real Estate Company