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Listed by Tami Lantz with Sherwood Real Estate 802-782-0821
6 Beds
4 Baths
2,632 sqft

$469,000

123 Lake Street, Swanton VT, 05488

Price per sqft$178.19
Built in1977
Property size2,632 sqft
Property typeMulti-family

Overview

Active

Listed Aug 4, 2025

Updated 4 min ago

Unique multi-unit property offering three separate living spaces, over 3,500 sqft of living area, and 11.85 acres with established rental income and excellent owner-occupant potential. Whether you're looking to offset your mortgage, invest in income-producing real estate, or create a multi-generational homestead, this versatile property offers plenty of possibilities. Each unit has its own electric meter, first-floor bedroom, bath, and laundry. Two units currently have reliable month-to-month tenants generating $3,471/month, while the spacious 3-bedroom, 1.5-bath front apartment will be available for the new owner to occupy. The front unit also offers a clean concrete basement for winter workshop space, plus three unfinished third-floor rooms with potential for expanded living space (currently used for for storage). Two front units feature pellet stoves - *brand new* stove in front apartment. Oil heat is primary heating source. Zoned R1 with a one-acre minimum lot size, the property may offer future subdivision potential, subject to approvals. Enjoy 11.85 acres of level pasture and woodland, ideal for hobby farming, horses, gardening, hunting, or recreation, bordering a Wildlife Sanctuary. Features include two driveways for privacy and future development potential, two garages, a shed, gazebo, garden space, and over 1,400 feet of road frontage. Just moments from Lake Champlain's Maquam Shore for boating and fishing and Swanton Village for amenities. St. Albans City is only 10 minutes, with Burlington approximately 40 minutes away and Montreal about an hour. Newer improvements include roof, siding, electrical, heating ductwork, knotty pine walls, paint and more. Live in one, rent the others, and make this versatile Vermont property work for you! Motivated sellers!

$3,120/mo

Est. mortgage payment based on a $469,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5055086

Interior Features

Bedrooms
6
Bathrooms
4
Heating
Yes
Basement
No

Exterior Features

Lot Size
11.85 Acres

Other Property Details

Taxes
$6,081
Tax Frequency
Annually
Garage
Yes
View
Yes
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Listed by Tami Lantz with Sherwood Real Estate 802-782-0821

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