List Price: $635,000 | $197 per sq.ft. Multi Family
Price Change! Reduced by $115,000 down 18% on August 25th 2026
A 4 Unit Multi Family Home
With 1 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Jun 30, 2026 | MLS# 5097410
Price Change! Reduced by $115,000 down 18% on August 25th 2026
A 4 Unit Multi Family Home
With 1 One Bedroom Units , 3 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Jun 30, 2026 | MLS# 5097410
To see this Listing
Address: 198 Elm Street Manchester VT
Listed by The Nancy Jenkins Team Nancy Jenkins Real Estate
Description:
Enjoy the privacy and charm of your own well-maintained carriage house in the heart of Manchester while the additional three-unit apartment building generates income to help cover the property's expenses. The inviting carriage house offers 2 bedrooms and 2 baths, while the separate building features two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath apartment. Recent updates include new flooring installed in one unit in 2026. This unique property offers the comfort of a private home with the financial benefits of an income-producing asset--or the opportunity to purchase all four units as a valuable addition to your investment portfolio. Enjoy convenient access to Manchester's renowned dining, boutique shopping, cultural attractions, skiing, hiking, golf, fly fishing, and year-round recreation. Live in one of Vermont's most desirable communities while your tenants help offset the cost of ownership, or invest in a well-maintained multifamily property with long-term potential. 3D virtual tours are available upon request. Operating Expenses : Insurance,Snow Removal,Water/Sewer
Annual Expenses
Taxes: $7,079
Taxes: $7,079
Income
Gross Income | $78,000
NetIncome | $60,279
Gross Income | $78,000
NetIncome | $60,279
UNIT 1 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 286
Rent : 1100.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION
Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 840
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes
UNIT 3 INFORMATION
Beds: 2
Baths: 1
Sq.Ft.: 840
Rent : 1500.00 Monthly
Lease Term : Annual
Signed Lease : Yes
Status : Leased
UNIT 4 INFORMATION
Beds: 2
Baths: 2
Sq.Ft.: 1250
Rent : 2400.00 Monthly
Lease Term : Month to Month
Status : Leased
Construction: Wood Frame
Year Built: 1900
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5058
Above Grade Sq.Ft.: 3216
Basement: Crawl Space
Year Built: 1900
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 5058
Above Grade Sq.Ft.: 3216
Basement: Crawl Space
Roof: Shingle | Slate
Seasonal: No
Seasonal: No
Heating: Propane | Baseboard | Electric
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Cable Available
Electric Meters:
Water: Public
Sewer: Public
Land Information
Near Shopping | Neighborhood | Near Public Transport
Lot size: 0.24 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel
Near Shopping | Neighborhood | Near Public Transport
Lot size: 0.24 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: No
Driveway: Gravel
Additional Information
Taxes $7,079
Assesed Value Not Reported
Taxes $7,079
Assesed Value Not Reported
Schools
