Discover an exceptional investment opportunity in the heart of Waterbury Village. This well-maintained three-unit property offers outstanding flexibility for investors, owner-occupants, or those seeking income from either long-term or short-term rentals (subject to local regulations). The centerpiece of the property is a spacious 1,200+ square foot two-bedroom apartment filled with character, featuring stunning original metal ceilings, generous living spaces, and timeless charm. Two additional one-bedroom apartments provide comfortable accommodations with excellent rental appeal. Each unit enjoys its own inviting porch, creating the perfect space to relax and enjoy Vermont's four beautiful seasons. Located within easy walking distance of Waterbury's vibrant downtown, tenants and guests can enjoy acclaimed restaurants, local breweries, artisan shops, cafs, parks, and year-round community events without needing a car. Outdoor enthusiasts will appreciate the property's proximity to world-class skiing, mountain biking, hiking, golf, and recreation, while nearby Stowe is just a short drive away, offering easy access to one of Vermont's premier resort destinations. Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the others, or capitalize on the area's strong demand for vacation accommodations, this versatile property offers an outstanding combination of location, character, and income potential in one of Central Vermont's most desirable communities.