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Multifamily Home with Attached Apartment
For Sale
$625,000

292 Lake St, St Albans, VT 05478

An updated owner’s residence, separate two-bedroom apartment, and partially completed upper-level unit offer three distinct living areas.

Property SizeContact for details
Days on Market11

Property Features for 292 Lake St

General Information

Standard status Active
Property subtype Investment

Site & Location

Highway Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 3

Amenities

large deck
back concrete patio
fully fenced yard
attached heated two-car garage
workshop space
vermont castings wood stove
covered porch

Building Details

Year Built 1868
Units 2
Listing Agency: Flex Realty
Listed By: Elliot Rocheleau
Source: Elliman
Added: Oct 7 Last Checked: Oct 16 at 11:04AM

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 Flex Realty

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Investment Insights

Based on property information with market context.

Built in 1868, this multifamily property combines a substantial owner’s residence with an attached two-bedroom apartment and a partially finished third unit above. The main home has four bedrooms, two bathrooms, a remodeled kitchen, and a first-floor laundry area. The apartment has a separate entrance and covered porch. An attached heated two-car garage includes workshop space; outdoor features include a large deck, concrete patio, and fenced yard. The upper unit includes a Vermont Castings wood stove.

Major improvements include new plumbing and electrical, a 500-amp service, updated windows, and a metal roof. The property is within walking distance of parks and downtown shops, with access to St. Albans Bay, the interstate, and nearby communities.

Key Highlights

  • Three living areas: owner’s residence, two‑bedroom apartment, and partially finished upper unit
  • Owner’s home has four bedrooms and two bathrooms, including a first‑floor primary bedroom and bath
  • Attached heated two‑car garage with workshop space

Property Analytics

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Current Use

Multifamily properties

Lease Details

3
Residential units
Yes
Highway access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

140
Businesses Nearby

Demographics for 05478, VT

15,704
Population
7,205
Households
2.2
Avg Household Size
41
Median Age
30%
College-Educated
93%
High-School Grad
59.3 sq mi
ZIP Area
265
Density / Sq Mi
$70,752
Median Household Income
$49,758
Median Earnings
$1,255
Median Rent
$297,900
Median Home Value
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Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - An updated owner’s residence, separate two-bedroom apartment, and partially completed upper-level unit offer three distinct living areas.
Where is this multifamily property located?
The property is located at 292 Lake St St Albans, VT.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Three living areas: owner’s residence, two‑bedroom apartment, and partially finished upper unit; Owner’s home has four bedrooms and two bathrooms, including a first‑floor primary bedroom and bath; Attached heated two‑car garage with workshop space
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