#5031681, Jake Davignon, Listing office: Green Light Real Estate
#5040756·
Listing office: BHHS Vermont Realty Group/Montpelier·
Listing agent: Martha Lange·
Listing office phone: 802-223-6302
$379,000 List price
371 River St Montpelier, VT 05602
3 beds
1 full
1,316 sqft
1.1 acres
$288 / sqft
House
Property details
About 371 River St
Unique property with many possibilities. It has amazing road frontage and exposure with approx. 300 feet of road frontage. Live in the home and have the storage units pay your expenses. Or rent the house to tenants or a business to add to the income from the storage units. This property just went through a change of use permit (attached) from Commercial to Residential zoning. The sellers filed a grievance and the assessment was reduced $130,000. for 2025-26. The very well maintained 1934 three-bedroom, one bathroom cape home is currently being used for tenant rental and has been getting $2,600./month with all utilities included. The home has been an office building for several businesses in the past. The home has hardwood floors, a main floor bedroom, living room, mud room, den, dining room, closet with stackable laundry unit, kitchen with back door access and an updated bathroom. The house does not have direct entry to the basement that is accessed by a private locked door in the lower parking area of the circular paved driveway. There are 4 inside locked storage units in the basement that bring in $240/month total. Next to the house, there are 11 storage units in a single building and they are of varying sizes. That building currently generates $755/month. The leases are month to month. All units are likely to be charging under market rates, but there are many long term renters. No current tenant.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
Size1,316 sqft
BasementYes
Lot size1.12 Acres
Year built1934
MLS #5040756
Summary
- Full Bathrooms: 1
- Appliances: Refrigerator
- Basement: Yes
- Flooring Type: Carpet, Hardwood, Vinyl
- Total Bedroom Count: 3
- Exterior: Outbuilding
- Heating: Forced Air
- Cooling: None
- List Price: $379,000
- Price/SqFt: $287
- Annual Tax Amount: $10,002
- Tax Year: 2023
- Directions: On the corner of River Street, AKA "the Barre-Montpelier Road", and Sherwood Drive across from Cody Chevrolet.
- Year Built: 1934
- Stories: 1
- Living Area: 1,316 SqFt
- Lot Size: 1.12 Acres
- MLS Number: 5040756
- Office Name: BHHS Vermont Realty Group/Montpelier
- Office Phone: (802) 223-6302
- Office Email: realestate@vtregroup.com
- Listing Agent: Martha Lange
© Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site 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.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 2:45:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $523,300 | $10,002 |
| 2022 | $323,700 | $10,002 |
| 2021 | $323,700 | $10,002 |
| 2020 | $323,700 | $8,843 |
History based on county public records data.
Nearby schools
6
Berlin Elementary School
Public District PK-6
1.8 mi
•372 Paine Tpke N
7
East Montpelier Elementary School
Public District PK-6
4.5 mi
•665 Vincent Flats Rd
6
Northfield Elementary School
Public District PK-5
7.9 mi
•10 Cross St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,919. Typical income of Montpelier, VT residents is between $35k-100k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
33%
<35k
39%
35k-100k
22%
100k-200k
6%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
47%
Single, No Kids
11%
Single, with Kids
25%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
6%
12-17 yrs old
20%
18-34 yrs old
45%
35-64 yrs old
14%
65+ yrs old
What do the neighbors do for fun?
Soccer
PGA/LPGA
NASCAR
Where do the neighbors shop?
Old Navy
Stein Mart
Dollar General
Where do the neighbors go to eat?
Jimmy Johns
Bob Evans
Cracker Barrel
What do the neighbors drive?
GMC
Lincoln
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 371 River St
The listing price of 371 River St property is $379,000.
The property 371 River St is a house located in Montpelier, Vermont, 05602.
Active Listing: 371 River St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 371 River St are: Berlin Elementary School (GreatSchools Rating 6/10), East Montpelier Elementary School (GreatSchools Rating 7/10), Northfield Elementary School (GreatSchools Rating 6/10), Main Street Middle School (GreatSchools Rating 7/10), Barre City Elementary & Middle School (GreatSchools Rating 3/10), Barre Town Middle & Elementary School (GreatSchools Rating 3/10), U - 32 Middle & High School (GreatSchools Rating 5/10), Montpelier High School (GreatSchools Rating 9/10), Spaulding High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2023 is $10,002 (source: MLS/based on county public records data).
The property at 371 River St has 3 bedrooms and 1 bathroom.
The property 371 River St is 1,316 SqFt (source: MLS/tax record).
The year of construction for 371 River St is 1934.
This home is located at 371 River St in Montpelier, VT and zip code 05602. This 1,316 square foot home, which was built in 1934, sits on a 1.12 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since May 14, 2025 and is currently priced at $379,000.
Montpelier, VT housing market in June 2025 saw over 5 listings sold above listed price, more than 2 sold at listed price and over 5 sold below. The inventory of homes for sale in Montpelier, VT between May and June 2025 increased by 15%.
From Rocket Homes Real Estate and based on county public records data.