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371 River Street, 
Montpelier, VT 05602

$379,000


3

Beds


1

Bath


1,316

Sq Ft


Single Family

Active

Listed by

Martha Lange

Bhhs Vermont Realty Group/Montpelier

802-223-6302

Last updated:

June 19, 2025, 10:23 AM

MLS#

5040756

Source:

PrimeMLS

About This Home

371 River Street

Unique property with many possibilities. It has amazing road frontage and exposure with approx. 300 feet of road frontage. Live in the home and have the storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The sellers filed a grievance and the assessment was reduced $130,000. for 2025-26. The very well maintained 1934 three-bedroom, one bathroom cape home is currently being used for tenant rental and has been getting $2,600./month with all utilities included. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. The leases are month to month. All units are likely to be charging under market rates, but there are many long term renters. No current tenant.

Home Facts

Single Family

1 Bath

3 Bedrooms

Built in 1934

Price Summary

379,000

$287 per Sq. Ft.

MLS #:

5040756

Last Updated:

June 19, 2025, 10:23 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

1

Full Bathrooms:

1

Interior

Living Area:

1,316 Sq. Ft.


Structure

Structure

Building Area:

2,191 Sq. Ft.

Year Built:

1934


Lot

Lot Size (Sq. Ft):

48,787


Finances & Disclosures

Finances

Price:

$379,000

Price per Sq. Ft:

$287 per Sq. Ft.

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Copyright 2025 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 June 21, 2025

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