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198 Elm Street, 
Manchester, VT 05255

$750,000


7

Beds


5

Baths


3,216

Sq Ft


Multi-Family

Active

Listed by

The Nancy Jenkins Team

Nancy Jenkins Real Estate

802-846-4888

Last updated:

July 17, 2026, 10:40 AM

MLS#

5097410

Source:

PrimeMLS

About This Home

198 Elm Street

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.

Home Facts

Multi-Family

5 Baths

7 Bedrooms

Built in 1900

Price Summary

750,000

$233 per Sq. Ft.

MLS #:

5097410

Last Updated:

July 17, 2026, 10:40 AM

Added:

17 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

7

Bathrooms

Total Bathrooms:

5

Full Bathrooms:

5

Interior

Living Area:

3,216 Sq. Ft.


Structure

Structure

Building Area:

5,058 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

10,454


Finances & Disclosures

Finances

Price:

$750,000

Price per Sq. Ft:

$233 per Sq. Ft.

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Copyright 2026 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated July 17, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.