Three Homes on 11.85
For Sale
$469,000
123 Lake St, Swanton, VT 05488
11.85-acre property with three homes, subdivision potential, and rental income.
Property Size3,500 SF
Lot Size11.85 Acres
Price / SF$134
Days on Market239
Property Features for 123 Lake St
General Information
Standard status
Active
Size
3,500 SF
Lot size
11.85 Acres
Property subtype
Investment
Building Details
Year Built
1977
Units
3
Listing Agency:
Sherwood Real Estate
Listed By:
Tami Lantz · License #0820124152
(802) 347-4114
Source:
Elliman
Added: Mar 10
Changed: Oct 31
Last Checked: Nov 1 at 6:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sherwood Real Estate
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Investment Insights
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This 11.85-acre property features three homes, offering over 3,500 sqft of living space. Zoned R1 with subdivision potential, the property includes three units, each equipped with its own electric meter, a first-floor bedroom, a bathroom, and laundry facilities. The back house and side apartment have tenants. The expansive front apartment is suitable for owner occupancy and includes a clean concrete basement for workspace and storage. Two front units have pellet stoves as backup heating, while oil heat serves as the primary source for all units. The land, comprising woods and level pasture, is suitable for a hobby farm, horses, or hunting. It borders a Wildlife Sanctuary, providing privacy and views. The property includes over 1,400 feet of road frontage and two driveways, along with a shed, garden space, gazebo, and two garages—one plumbed for a bathroom and featuring an upstairs bonus room. Located near Lake Champlain, the property is close to Swanton Village amenities, St. Albans City, and the Canadian border. The front apartment has three unfinished third-floor "attic" rooms, one plumbed for a bathroom, offering potential for a fourth unit or larger owner quarters. Newer features include a roof, vinyl siding, knotty pine walls, updated electric, trim, and paint.
Key Highlights
- Three separate living units with individual electric meters, each featuring a 1st‑floor bedroom, bath, and laundry, providing immediate rental income potential.
- 11.85‑acre property zoned R1 with subdivision potential and over 1,400 feet of road frontage.
- Prime location bordering a Wildlife Sanctuary, offering privacy, views, and recreational opportunities.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
35
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Business Placement
Demographics for 05488, VT
7,945
Population
3,883
Households
2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
66.9 sq mi
ZIP Area
119
Density / Sq Mi
$73,140
Median Household Income
$41,738
Median Earnings
$1,186
Median Rent
$267,200
Median Home Value
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Market
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Frequently Asked Questions
What type of property is this?
Multifamily property - 11.85-acre property with three homes, subdivision potential, and rental income.
Where is this multifamily property located?
The property is located at 123 Lake St Swanton, VT.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Three separate living units with individual electric meters, each featuring a 1st‑floor bedroom, bath, and laundry, providing immediate rental income potential.; 11.85‑acre property zoned R1 with subdivision potential and over 1,400 feet of road frontage.; Prime location bordering a Wildlife Sanctuary, offering privacy, views, and recreational opportunities.
