The Inn at Montpelier is a 19-room boutique inn paired with a 10-unit, fully rented residential apartment building on 1.25 in-town acres at 147 Main Street in downtown Montpelier, Vermont's capital city. The combination of an established lodging operation and a stabilized multifamily income stream is uncommon in the hospitality sector and reduces dependence on any single revenue source. THE INN: Two adjacent historic buildings form the 19-room core, each room individually decorated with a private bath. Guests receive complimentary Wi-Fi and daily continental breakfast. The Inn achieved 71% occupancy in 2025. An existing commercial kitchen and spacious common rooms can support a restaurant, private events, expanded breakfast service, or another food and beverage concept without additional capital expenditure. THE APARTMENTS: A rear residential building contains 10 fully occupied apartment units, in addition to the Inn's 19 guest rooms. This income operates independently of lodging occupancy and provides steady year-round cash flow. LOCATION & MARKET: Within walking distance of the Vermont State House, Main Street dining and retail, arts venues, and the Vermont College of Fine Arts. Montpelier, the smallest state capital in the U.S., has an economic base anchored by state government, professional services, and insurance, alongside an established arts community, generating both weekday institutional demand and weekend leisure travel. Limited chain hotel inventory and an absence of upscale hospitality assets give the Inn a clear competitive position in a supply-constrained market. Offered at $3,100,000. Financial information available to qualified buyers upon execution of a confidentiality agreement.