$995,000 ($142.14 per sqft)

Est. Mortgage $4,772/mo *

Quick Pre-Approval

Listing courtesy of Christopher Preston, Notch Group Real Estate 802-280-5044


38-40 Kingman Street, St. Albans City, VT, 05478

38-40 Kingman Street, St. Albans City, VT, 05478

0 beds

1910

Apartment Building

7,000 sqft

Unlock the full potential of downtown St. Albans with this remarkable mixed-use property at 38-40 Kingman Street. Perfectly positioned just moments from Taylor Park, vibrant cafés, restaurants and shops, the Amtrak station, and the municipal parking garage, this property places you at the heart of the community’s action and convenience. On the first floor, take advantage of 3,500 square feet of prime commercial space, now subdivided into three adaptable units. Boasting an access ramp to the vast basement from the Hampton Lane side of the building, this thoughtful addition enhances the building’s functionality, providing a practical solution for both residential and commercial tenants alike. The second floor promises consistent returns, featuring two well-appointed 2bd/1ba apartments and a spacious three-bedroom unit. With a proven track record of very low vacancy rates and below-market rents, the next owner has immediate room for growth. Upside abounds for those ready to raise rents to market levels or simply enjoy a stable, income-producing asset. This is a property designed for those who recognize opportunity and act on it. Whether you’re growing your investment portfolio or launching a new commercial venture, 38-40 Kingman Street is your gateway to prosperity in one of Vermont’s most dynamic towns. Act now to secure your success—schedule a private tour and discover what makes this address the key to your future growth.


Status:

Active

Type:

Multi-family

Units:

3

Zoning:

B1

Frontage:

45

Heating:

Natural Gas, Forced Air

Cooling:

None

Basement:

Concrete Floor, Interior Stairs, Locked Storage, Storage Space, Unfinished, Walkout, Interior Access, Exterior Access, Basement Stairs

Acreage:

0.09

Est. Taxes:

$16,532

Lot Description:

City Lot,Neighbor Business,Rental Complex,Sidewalks,Street Lights,Near Country Club,Near Golf Course,Near Shopping,Near Public Transportatn,Near Railroad,Near Hospital,Near School(s)

Elementary School:

St Albans City School

Middle School:

St. Albans City School

High School:

BFASt Albans

School District:

St Albans City School District

MLS #:

5056947


Community Info

School Info

Walk Score

Mass Transit

Yelp