54 Mill Street Barre City VT Multi Family For Sale $1550000

List Price: $1,550,000 | $211 per sq.ft. Multi Family A 11 Unit Multi Family Home
With 9 One Bedroom Units , 2 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Friday Aug 21, 2026 | MLS# 5106066

54 Mill Street

54-11

54-2

54-3

54-4

54-5

54-7

54-9

54 Boiler Room

56 Mill Street

58 Mill St

To see this Listing

call
603-643-3942

Email Star Johnson

Address: 54 Mill Street Barre City VT
Listed by Mikail Stein RE/MAX North Professionals
Description:
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 6.64% 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.
Sale Includes : Outbuilding
Operating Expenses : Heat,Insurance,Maintenance,Other,Sewer,Snow Removal,Trash,Water/Sewer

Annual Expenses

Taxes: $19,792

Income
Gross Income | $150,648
NetIncome | $100,595

Exterior Color: White
Roof: Membrane | Shingle
Seasonal: No

Heating: Oil | Boiler
Cooling: None
Electric: Circuit Breaker(s)
Trash: Cans | Owner
Utilities: Other
Electric Meters: 11
Water: Public
Sewer: Public

Additional Information
Easement - Unknown
Taxes $19,792
Assesed Value Not Reported

Schools
School District: Barre Unified Union School Dis
Elementary School: Barre City Elem & Middle Sch
Middle School: Barre City Elem & Middle Sch
High School: Spaulding High School

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942
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