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.

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Tax Information

Tax Year2025

Building

Year Built1900
Building ConstructionWood Frame
StyleColonial
Units4
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 3 Bath1
Unit 3 Bedrooms2
Unit 4 Bath2
# of 1 Bedrooms1
# of 2 Bedrooms3
Bathroom5
Total Baths5
BasementCrawl Space
FoundationOther

Basic Information

StatusACT
List Price$750,000
Date Price Change06/30/2026
MLS Number5097410
MLS StatusActive

Property

Acreage0.24
GarageNo
Parking Spaces
Lot DescriptionNear Shopping, Neighborhood, Near Public Transport
Square Feet3,216
APX Fin AG Sqft3,216
RoadsPublic Maintained Road
AreaVT-Bennington

Other

Taxes$7,079
Seasonal Y/NNo
Operating Expenses17721
Date Listed06/30/2026
Unit 1 Deposit$1,100
Unit 2 Rent Amount$1,500
Unit 3 Rent Amount$1,500
Unit 4 Rent amount$2,400

Location

TownManchester
StateVT
Zip05255
CountyBennington
ZoningResidential
Address198 Elm Street
Flood Zone Y/NNo

Exterior

RoofShingle, Slate

Utilities

Heat SystemPropane, Baseboard
WaterPublic
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable Available

Amenities

PricePerSqFt233.21

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 June 30, 2026 1:10 PM UTC

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198 Elm StreetManchester, VT 05255MLS Number 5097410

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