43 E State Street, Montpelier, VT 05602
SOLD
JAN 5, 2026
Listed by Jeanne Felmly, Dome Real Estate Group LLC, (802) 793-8370 . Bought with Ridgeline Real Estate

43 E State Street
Montpelier, VT 05602

  • 5 Beds
  • 4 Baths
  • 2,793 sqft

$649,000

Last Sold: Jan 5, 2026
$232/sqft

$649,000

Last Sold: Jan 5, 2026
$232/sqft
5 Beds
4 Baths
2,793 sqft

Local Information

  • Map ViewExplore the area around 43 E State Street.
  • Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination
Last check for updates: about 11 hours ago
Listed by Jeanne Felmly
Dome Real Estate Group LLC, (802) 793-8370
Bought with: Andrea Hossley, Ridgeline Real Estate, (802) 540-1366
Source: PrimeMLS, MLS#5017370

Description

Exceptional Investment Opportunity in the Heart of Downtown Montpelier!This four-unit multifamily property offers a rare chance to own a well-maintained income producer in Vermont’s vibrant capital city. Completely renovated in 1984—with a poured concrete foundation, new electrical, and modern plumbing—this property has been carefully maintained for over 40 years by the same owner. Three of the four spacious units feature beautiful hardwood flooring and each has its own designated off-street parking space. Tenants enjoy unbeatable convenience with public transportation, shopping, dining, bars, the hospital, and the I-89 corridor all just minutes away.Whether you’re seeking a solid addition to your portfolio or a seamless 1031 exchange opportunity, this property is a standout. Thoughtfully cared for and ideally located, it’s a perfect fit for the discerning investor.
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources. This description is from January 05, 2026

Home Highlights

Parking
Garage
Outdoor
Porch
A/C
Heating only
HOA
None
Price/Sqft
$232/sqft
Listed
180+ days ago

Home Details for 43 E State Street

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Interior Stairs,Unfinished,Interior Access,Interior Entry
Beds & Baths
Number of Bedrooms: 5Number of Bathrooms: 4Number of Bathrooms (full): 4
Dimensions and Layout
Living Area: 2793 Square Feet
Appliances & Utilities
Utilities: PropaneAppliances: Electric Water Heater
Heating & Cooling
Heating: Propane,Gas HeaterNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Propane
Gas & Electric
Electric: 100 Amp Service
Windows, Doors, Floors & Walls
Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
Levels, Entrance, & Accessibility
Number of Stories: 2Levels: TwoFloors: Carpet, Ceramic Tile, Hardwood, Vinyl
View
No View

Exterior Features

Exterior Home Features
Roof: MembranePatio / Porch: Covered PorchFoundation: Concrete
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2No CarportHas a GarageParking Spaces: 2Parking: Paved,Assigned,Off Street
Frontage
Road Frontage: PublicRoad Surface Type: Paved
Water & Sewer
Sewer: Public Sewer
Farm & Range
Frontage Length: Road frontage: 85
Finished Area
Finished Area (above surface): 2793 Square Feet

Property Information

Year Built
Year Built: 1877
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi FamilyStructure Type: Apartment BuildingArchitecture: Apartment Building
Building
Construction Materials: Clapboard ExteriorNot a New Construction

Price & Status

Price
List Price: $649,000Price Per Sqft: $232/sqft

Location

Direction & Address
City: Montpelier
School Information
Elementary School: Union Elementary SchoolElementary School District: Montpelier School DistrictJr High / Middle School: Main Street Middle SchoolJr High / Middle School District: Montpelier School DistrictHigh School: Montpelier High SchoolHigh School District: Montpelier School District

Building

Building Area
Building Area: 3482 Square Feet

Lot Information

Lot Area: 10454.4 sqft

Miscellaneous

BasementMls Number: 5017370Above Grade Unfinished Area: 2793Above Grade Unfinished Area Units: Square FeetBelow Grade Unfinished Area: 689Below Grade Unfinished Area Source: Public RecordsBelow Grade Unfinished Area Units: Square Feet

Price History for 43 E State Street

DatePriceEventSource
01/05/2026$649,000Sold
PrimeMLS #5017370
01/02/2026$649,000ContingentPrimeMLS #5017370
10/14/2025$649,000Listed For SalePrimeMLS #5017370
10/15/2024$649,000ListingRemovedPrimeMLS #5017370
10/04/2024$649,000Listed For SalePrimeMLS #5017370

Market trends in Montpelier

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
Sale-to-List Price
Price per sq ft
Available listings
31
5
MoM
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Property Tax and Assessment

Year2024
Tax
Assessment$438,800
Home facts updated by county records

Comparable Sales for 43 E State Street

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.46
Multi-Family Home
$499,000
08/07/25
4
3
2,580
0.27
Multi-Family Home
$400,000
08/29/25
3
4
4,645
0.51
Multi-Family Home
$368,875
12/05/25
-
3,194
0.43
Multi-Family Home
$70,000
03/13/26
2
3,378
1.73
Multi-Family Home
$449,000
12/08/25
4
3
2,130
0.41
Multi-Family Home
$70,000
01/09/26
4
2,878
5.14
Multi-Family Home
$295,000
11/06/25
5
4
2,304
5.06
Multi-Family Home
$270,000
11/25/25
5
4
2,700
4.99
Multi-Family Home
$207,500
09/16/25
6
3
1,956

Nearby homes

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What Locals Say about Montpelier

At least 25 Trulia users voted on each feature.
  • 97 % Say it's dog friendly

  • 88 % Say parking is easy

  • 85 % Say there's wildlife

  • 81 % Say yards are well-kept

  • 80 % Say it's walkable to grocery stores

  • 76 % Say it's walkable to restaurants

  • 75 % Say kids play outside

  • 75 % Say people would walk alone at night

  • 72 % Say car is needed

  • 69 % Say there's holiday spirit

  • 64 % Say neighbors are friendly

  • 63 % Say there are sidewalks

  • 58 % Say it's quiet

  • 52 % Say they plan to stay for at least 5 years

  • 50 % Say streets are well-lit

  • 46 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Usarmywife1
    "Open space and one thing if back wood walking trails. It has country roads and large wooded areas. There are plenty of dogs and it’s a great dog friendly community/town."
  • StephanIe Berard
    "The Friendly Community Members That Feel Like Family. The Friendliness Of The Neighborhood Stores And Churches and Another Way, The Restaurants That Are Affordable But Delicious. The Inspirational Artist Vibe."
  • Maureen
    "Montpelier is the smallest state Capital in the country. It is a small town and after living here for more than 30 years, it is a great place to live. The winters are long but if you like being outdoors are manageable. "
  • Steven
    "Great town with a strong community. Have raised 5 children here from kindergarten through high school. No regrets."
  • Usarmywife1
    "To my work and home is two minutes. Downtown is two minutes. To the highway is 4 minutes! Life is good in Montpelier, now who wants to buy our house?"
  • Usarmywife1
    "There are young families, older families and it’s a beautiful neighborhood with plenty of nature. Beautiful neighborhood to walk through."

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Apartments for Rent

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Homes for sale near 43 E State Street

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Off Market Homes Near 43 E State Street

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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 2026-06-22 12:40:57 PDT.
This display of listings may or may not be the entire Compilation from the PrimeMLS database, and PrimeMLS does not guarantee the accuracy of such information.
43 E State Street, Montpelier, VT 05602 is a 5 bedroom, 4 bathroom, 2,793 sqft multi-family built in 1877. This property is not currently available for sale. 43 E State Street was last sold on Jan 5, 2026 for $649,000 (0% higher than the asking price of $649,000). The current Trulia Estimate for 43 E State Street is $662,700.