Deb Rees
REALTOR®
BEDS7
BATHS5 full
SQUARE FEET3,216
MLS#5097410
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Listing Courtesy of:
Nancy Jenkins Real Estate
Agency Phone: 802-846-4888
Associate Name: The Nancy Jenkins Team
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: None
Heating: Propane, Baseboard, Electric
Home Style: Colonial
Lot Size: 0.24 Acres
Roof Type: Shingle, Slate
Stories: 2.0
Taxes: $7,079
Year Built: 1900
Units
Unit 1:
Bathroom(s): 1
Bedrooms: 1
Rent: $1100.00
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $1500.00
Unit 3:
Bathroom(s): 1
Bedrooms: 2
Rent: $1500.00
Unit 4:
Bathroom(s): 2
Bedrooms: 2
Rent: $2400.00
Square Footage: 1250
Feature Descriptions
Construction: Wood Frame
Construction Status: Existing
Days on Site: 22
Driveway: Gravel
Driveway: Gravel
Electric: Circuit Breaker(s)
Exterior: Wood Frame
Flood Zone: No
Foundation: Other
Foundation: Other
Lot: Near Shopping, Neighborhood, Near Public Transport
Roads: Public Maintained Road
Sewer: Public
Sq. Ft. Total Finished: 3216
Total Stories: 2
Units: 4
Water: Public
Zoning: Residential
Listed By / Shown By
Listed By
Agency Name: Nancy Jenkins Real Estate
Agent Name: The Nancy Jenkins Team
Agency Phone: 802-846-4888
Shown By
Agent Name: Deb Rees
Agent Phone: Cell: (603) 454-8380
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
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Estimated Payment
$ 2,273.95 per month $1,488.90 Principal & Interest $589.92 Property Tax $195.13 Homeowner's Insurance
Listing data compilation and photo(s) copyright © 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data Last Updated 2026-07-21 23:33:17 
198 Elm Street | MLS# 5097410
This multi-family property located at 198 Elm Street, Manchester, VT 05255 is currently listed for sale with an asking price of $669,000. Search Manchester real estate on debrees.masiellogrouprealestate.com today.