Listing Details

Barre City, VT 05641 54 Mill Street

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Presented By: Mikail Stein with RE/MAX North Professionals;
  • PrimeMLS - 85 - NH
  • MLS# 5106066
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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.
  • SQFT • 7,340
  • Garage • 2

Home Details

Turnkey Multi Family Investment Opportunity in Central Vermont at 54,56, 58, and Lot 1 Mill Street, Barre City, VT. Boasting more than 7300 finished sqft at roughly $210/sqft, 13 bedrooms and 11 baths, this is a great opportunity! Rare chance to own a well maintained, income producing property in the heart of Central Vermont. Situated on 1.62 acres at the end of Mill Street, this unique offering includes two single family homes, a 9 unit apartment building, and an included empty lot, an ideal turnkey investment for an owner operator or investor alike. One single family home was built as recently as 2003, with a 2 car garage and storage above. An additional shed with electricity offers convenient space for property maintenance tools. Several apartment units have been recently renovated with new flooring and fresh paint, adding to the property's turnkey appeal and rental value. The included empty lot offers exciting potential to add another building and generate further income. Located at the end of Mill Street, the parcel abuts walking paths, and the beautiful Stevens Branch waterway (no flooding has affected the property in the last few local floods) with plenty of parking and yard space. All units are currently rented, reflecting excellent rental history and steady cash flow. The property operates at a 6.7% cap rate and grosses over $150,000 per year. Bringing rents to market rates could add roughly $26,000 in gross income, pushing the cap rate to nearly 8.2%, offering strong upside for investors. Conveniently located near shopping, restaurants, and easy access to I 89, this is a rare chance to acquire a stable, cash flowing multi family asset in a highly desirable Central Vermont location.
Presented By: Mikail Stein with RE/MAX North Professionals;

Interior Features for 54 Mill Street

Bathrooms

Total Full Baths11

Other Interior Features

Total Ranges11
Total Refrigerators11
InternetCable Internet
Total Finished Area7340
Total 3+ BR Units0
Total 2 BR Units2
Total 1 BR Units9
Basement Access TypeWalkout
BasementYes
Basement DescriptionConcrete Floor, Full, Partially Finished, Storage Space, Unfinished, Interior Access, Exterior Access
Total Number of Units11

General for 54 Mill Street

CityBarre City
Construction MaterialsWood Frame, Vinyl Siding
CoolingNone
CovenantsUnknown
DOM28
DirectionsFrom North Main Street in Downtown Barre City. Take a right onto South Main Street. Go right onto Mill Street. The cluster of properties are at the end of the road on the right.
EasementsUnknown
ElectricCircuit Breaker(s)
Electric CompanyGMP
Elementary SchoolBarre City Elem & Middle Sch
Exclusionsriding mower in shed is negotiable.
Flood ZoneNo
Fuel CompanyIrving
GarageYes
Gross Income153468
HeatingOil, Boiler
High SchoolSpaulding High School
Last Updated09/12/2026 12:48:42
Middle SchoolBarre City Elem & Middle Sch
Net Income103414
Operating Expense50053
PossessionAt Closing
Price Per Sq Ft Total AG211.17
Property ClassMulti-Family
Property ConditionExisting
Road FrontageNo
RoofMembrane, Shingle
School DistrictBarre Unified Union School District
SeasonalNo
Separate UtilitiesVaries
SewerPublic
Status Detail0
Stories Count2
StyleMulti-Family
Tax Year2025
Total Heat Units3
TrashCans, Owner
UtilitiesOther
Year Built1880
ZoningR-12

Exterior for 54 Mill Street

ColorWhite
DrivewayCommon/Shared, Paved
Foundation Concrete
Garage Capacity2
Lot FeaturesLandscaped, Level, In Town, Near Shopping, Private
Lot Size Area1.62
Lot Size Square Feet70567
Parking FeaturesGarage, Off Street, On-Site, Parking Spaces 11 - 20, Paved, Unassigned
Road Frontage TypePublic
SurveyedUnknown
Total Electric Meters11
Water SourcePublic

Additional Details

Price History

Schools

Middle School Barre City Elem & Middle Sch
High School Spaulding High School

Sadie Halliday

REALTOR
Price $1,550,000
MLS#5106066
Property Type Multi-Family
Phone 603.660.2321
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