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Jared Scali

jared@classifiedre.com +1(603) 508-2256

Listed by Christopher Preston • Notch Group Real Estate

$995,000

Est. payment - /mo

7,000 SqFt

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,000 sqft

Price per Sqft $142

MLS Listing ID 5056947

Construction Status Existing

Year Built 1910

Annual Tax Amount $16,532

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Description

Unlock the full potential of downtown St. Albans with this remarkable mixed-use property at 38-40 Kingman Street. Perfectly positioned just moments from Taylor Park, vibrant cafés, restaurants and shops, the Amtrak station, and the municipal parking garage, this property places you at the heart of the community's action and convenience. On the first floor, take advantage of 3,500 square feet of prime commercial space, now subdivided into three adaptable units. Boasting an access ramp to the vast basement from the Hampton Lane side of the building, this thoughtful addition enhances the building's functionality, providing a practical solution for both residential and commercial tenants alike. The second floor promises consistent returns, featuring two well-appointed 2bd/1ba apartments and a spacious three-bedroom unit. With a proven track record of very low vacancy rates and below-market rents, the next owner has immediate room for growth. Upside abounds for those ready to raise rents to market levels or simply enjoy a stable, income-producing asset. This is a property designed for those who recognize opportunity and act on it. Whether you're growing your investment portfolio or launching a new commercial venture, 38-40 Kingman Street is your gateway to prosperity in one of Vermont's most dynamic towns. Act now to secure your success—schedule a private tour and discover what makes this address the key to your future growth.

Location

State VT

County Vt-franklin

Area Vt-Franklin

Zoning B1

Rooms

Basement Entrance Walk-up

Basement Concrete Floor, Interior Stairs, Locked Storage, Storage Space, Unfinished, Walkout, Interior Access, Exterior Access, Basement Stairs

Interior

Cooling None

Exterior

Utilities Available Gas On-Site

Roof Type Flat,Membrane,Other

Building

Story 2

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

Schools

Elementary Schools St Albans City School

Middle Schools St. Albans City School

High Schools Bfast Albans

School District St Albans City School District

Others

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Jared Scali

+1(603) 508-2256

Agent | License ID: 9584698

Agent License ID: 9584698

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38-40 Kingman ST St. Albans City, VT 05478

Jared Scali

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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