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198 Elm St, Manchester, VT 05255

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Listed byNancy Jenkins Real Estate
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Overview

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.

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
2
Lot size (acres)
0.24
Year built
1900

Interior features

Basement
Yes

Utilities

Heating
Propane, Electric, Baseboard
Cooling
None

Public schools

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Sourced from: PrimeMLS MLS®#: 5097410 Last checked:

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