Listing courtesy of The Nancy Jenkins Team, Nancy Jenkins Real Estate 802-846-4888
198 Elm Street, Manchester, VT, 05255
7 beds
5 Full baths
1900
Colonial
3,216 sqft
Rare opportunity to own a well-maintained 4-unit property in the heart of Manchester, one of Southern Vermont’s most sought-after destinations. Offered at an attractive 8% cap rate, this unique investment features a charming 2-bedroom, 2-bath carriage house, two 2-bedroom, 1-bath units, and a 1-bedroom, 1-bath apartment, providing an appealing mix for a variety of tenants. Recent updates include new flooring installed in one unit in 2026, further enhancing the property's appeal. Manchester is renowned for its blend of small-town charm and year-round recreation. Residents enjoy easy access to world-class skiing, hiking, golf, fly fishing, and the scenic beauty of the Green Mountains, along with upscale dining, boutique shopping, and cultural attractions. The area's strong sense of community and vibrant four-season lifestyle continue to make it one of Vermont's premier destinations. Whether you're expanding your portfolio or seeking a quality asset in an exceptional location, this property offers the perfect combination of income, character, and long-term value.3D Virtual Tours Available Upon Request.
Status:
Active
Type:
Multi-family
Units:
4
Zoning:
Residential
Heating:
Propane, Baseboard, Electric
Cooling:
None
Basement:
Crawl Space
Acreage:
0.24
Est. Taxes:
$7,079
Lot Description:
Near Shopping,Neighborhood,Near Public Transport
MLS #:
5097410