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123 Lake St Swanton, VT 05488

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For Sale
$530,000

11.85-acre property with three homes, subdivision potential, and rental income.

Lot size:
11.85 Acres

Property Features for 123 Lake St

General Information

Property type
Investment
Standard status
Active
Lot size
11.85 Acres

Building Details

Year built
1977

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Listing Contact
Tami Lantz
Source: Elliman

Listing Agent: Tami Lantz

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

Three Homes on 11.85 Acres

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.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Multifamily properties

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Swanton
County
Franklin
State
Vermont
Longitude
-73.1386193
Latitude
44.921454

FAQs

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 $530,000.
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.
More about this property
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