Presented By: The Nancy Jenkins Team with Nancy Jenkins Real Estate;
MLS# 5097410
Request Tour
Request Info
Disclaimer: The information contained in this listing has not been verified by Halliday Real Estate and should be verified by the buyer.
Beds • 7
Baths • 5
SQFT • 3,216
Home Details
Rare opportunity to own a well-maintained 4-unit property in the heart of Manchester, one of Southern Vermontâs 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.
Presented By: The Nancy Jenkins Team with Nancy Jenkins Real Estate;
Interior Features for 198 Elm Street
Bedrooms
Unit 1 Bedrooms1
Unit 3 Bedrooms2
Unit 2 Bedrooms2
Unit 4 Bedrooms2
Bathrooms
Total Full Baths5
Other Interior Features
Unit 1 Lease TermAnnual
Unit 2 Lease TermAnnual
Unit 3 Lease TermAnnual
Unit 4 Lease TermAnnual
Unit 1 StatusLeased
Unit 2 StatusLeased
Unit 3 StatusLeased
Unit 4 StatusLeased
InternetCable Internet
Total Finished Area3216
Total 3+ BR Units
Total 2 BR Units3
Total 1 BR Units1
Basement Access TypeInterior
BasementYes
Basement DescriptionCrawl Space
Total Number of Units4
General for 198 Elm Street
CityManchester
Construction MaterialsWood Frame
Construction StatusExisting
CoolingNone
CovenantsUnknown
DOM24
ElectricCircuit Breaker(s)
Electric CompanyGMP
Flood ZoneNo
Fuel CompanyIrving
GarageNo
Gross Income78000
HeatingPropane, Baseboard, Electric
Last Updated07/22/2026 19:39:49
Net Income60279
Operating Expense17721
Price Per Sq Ft Total AG208.02
Property ClassMulti-Family
Road FrontageTBD
RoofShingle, Slate
SeasonalNo
SewerPublic
Status Detail0
Stories Count2
StyleColonial
Tax Year2025
UtilitiesCable Available
Year Built1900
ZoningResidential
Exterior for 198 Elm Street
DrivewayGravel
Foundation Other
Lot FeaturesNear Shopping, Neighborhood, Near Public Transport
By clicking on login buttons you are agreeing to our
terms of use and giving us expressed written consent to contact you
Thank you for registering.
Are you currently working with one of these agents?
Ask A Question
By clicking on login buttons you are agreeing to our
terms of use and giving us expressed written consent to contact you
Get Pre-Approved Now!
Give yourself a better position in the competitive home buying market.
Complete the form to get started on your journey to purchase your dream home.
Our lending partner has a wide variety of lending options available and advanced mortgage technology.
As a result, our lending partner's clients enjoy a flawless experience through impeccable execution and timely communication throughout the process.