Bought with Nancy L Larrow • BHHS Vermont Realty Group/Vergennes
$395,000
$395,000
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4 Beds
3 Baths
2,611 SqFt
SOLD DATE : 08/31/2026
Key Details
Sold Price $395,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,611 sqft
Price per Sqft $151
MLS Listing ID 5096730
Sold Date 08/31/26
Bedrooms 4
Full Baths 3
Construction Status Existing
Year Built 1900
Annual Tax Amount $6,237
Tax Year 2026
Lot Size 0.300 Acres
Acres 0.3
Property Description
Located at 297 Main Street in Vergennes, this three-unit property offers a strong mix of unit layouts, great rental history, long-term tenants, and a projected 8% cap rate. The property includes a 2-bedroom, 1.5-bath unit with a deck and excellent storage space, a freshly renovated upstairs 1-bedroom, 1-bath apartment, and a first-floor 1-bedroom flat with its own deck. Each unit has its own monitor heater and separately metered electric, offering a practical utility setup for ownership and management. Recent improvements include a new refrigerator in Apartment #1, new windows in Apartment #2, new fascia, basement column work, septic line updates, and a remodeled upstairs apartment. Set next to Settlers Park, the property offers easy access to outdoor recreation, with the park leading toward Otter Creek and nearby kayaking opportunities. With established tenancy, documented rental performance, and a convenient in-town Vergennes location, this triplex offers a compelling opportunity for investors seeking steady income potential.
Location
State VT
County Vt-addison
Area Vt-Addison
Zoning Res/other
Body of Water Creek
Rooms
Basement Entrance Walk-up
Basement Unfinished
Interior
Cooling Individual
Flooring Carpet, Vinyl, Wood
Exterior
Utilities Available Cable Available, Propane, Telephone Available
Waterfront Description Yes
View Y/N Yes
View Yes
Roof Type Shingle
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools Vergennes Ues #44
Middle Schools Vergennes Uhsd #5
High Schools Vergennes Uhsd #5
School District Addison Northwest
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