Listing Details

Manchester, VT 05255 198 Elm Street

198 Elm Street Manchester, VT - Image 1198 Elm Street Manchester, VT - Image 2198 Elm Street Manchester, VT - Image 3
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Presented By: The Nancy Jenkins Team with Nancy Jenkins Real Estate;
  • PrimeMLS - 85 - NH
  • MLS# 5097410
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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 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.
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
Lot Size Area0.24
Lot Size Square Feet10454
Road Frontage TypePublic Maintained Road
SurveyedUnknown
Water SourcePublic

Additional Details

Price History

Sadie Halliday

REALTOR
Price $669,000
MLS#5097410
Property Type Multi-Family
Phone 603.660.2321
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Request Info
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