Three homes in one! Incredible opportunity for house hackers, investors, and homesteaders. This extraordinary 11.85-acre property, zoned R1 (minimum 1-acre lots) for HUD/subdivision potential, offers over 3,500 sqft living space across 3 units - each with its own electric meter and 1st floor bedroom, bath, & laundry. Reliable M2M tenants in the back house & side apt - bringing in $3,471/month. Owners occupy the expansive front apt, and they plan to move upon property transfer, providing the opportunity for new owners to move right into the large unit with clean, concrete basement, which is a great workspace during the winter months. Two front units feature pellet stoves as cozy backup heating. Oil heat is primary for all. With woods and level pasture, this large lot of land is perfect for a hobby farming, horses, or a hunting/gathering lifestyle. It borders a Wildlife Sanctuary for privacy, views, and woodland friends. Includes over 1,400 feet of road frontage, 2 driveways, 2 garages, shed, garden space, and gazebo. Located a stone-throw to Lake Champlain for boating and fishing. Only a few minutes to Swanton Village amenities, St. Albans City, & the Canadian border at Quebec. 1 hour to Montreal & 40 minutes to Burlington. Property is ideally positioned to capture strong rental demand in a high-traffic, quintessential New England vacation and outdoor adventure destination. Owners have made many improvements, including a renovated 1st floor in the main house. There are three additional unfinished 3rd floor rooms in the "attic" of the front apt - one plumbed for a bathroom - offering potential for a 4th unit or larger owner quarters. *Newer features* - roof, vinyl siding, knotty pine walls, updated electric, trim & paint. Motivated sellers.
Active
Listed by: Sherwood Real Estate
Price cut: $15K (3/4)
$530,000
123 Lake Street, Swanton, VT 05488
6beds
2,632sqft
Est.:
Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$201/sqft
$-- HOA
What's special
Knotty pine wallsGarden spaceWoods and level pastureTrim and paintVinyl siding
- 245 days |
- 395 |
- 16 |
Zillow last checked: 7 hours ago
Listing updated: April 01, 2026 at 09:42am
Listed by:
Tami Lantz,
Sherwood Real Estate 802-782-0821,
Tyler Hull,
Sherwood Real Estate
Source: PrimeMLS,MLS#: 5055086
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
Heating
- Oil, Pellet Stove
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Flooring: Carpet, Laminate, Vinyl, Wood
- Basement: Concrete,Concrete Floor,Interior Stairs,Storage Space,Sump Pump,Interior Entry
Interior area
- Total structure area: 3,577
- Total interior livable area: 2,632 sqft
- Finished area above ground: 2,632
- Finished area below ground: 0
Property
Parking
- Total spaces: 6
- Parking features: Gravel, Heated Garage, Deeded, Driveway, On Site, Parking Spaces 6+, Paved, RV Access/Parking
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: One and One Half,Multi-Level
- Patio & porch: Patio
- Exterior features: Garden, Natural Shade, Shed, Storage
- Has view: Yes
- Frontage length: Road frontage: 1416
Lot
- Size: 11.85 Acres
- Features: Country Setting, Horse/Animal Farm, Field/Pasture, Landscaped, Level, Major Road Frontage, Recreational, Views, Wooded, Near Paths, Near Shopping, Near Snowmobile Trails, Near Hospital, Near ATV Trail
Details
- Additional structures: Gazebo
- Parcel number: 63920111403
- Zoning description: Res
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Concrete
- Roof: Metal
Condition
- New construction: No
- Year built: 1977
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Private Sewer, Septic Tank
- Water: Public
- Utilities for property: Phone Available
Community & HOA
Location
- Region: Swanton
Financial & listing details
- Price per square foot: $201/sqft
- Tax assessed value: $273,500
- Annual tax amount: $6,081
- Date on market: 8/6/2025
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$3,090/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 3/4/2026 | Price change | $530,000-2.8%$201/sqft |
Source: | ||
| 11/22/2025 | Price change | $545,000-2.5%$207/sqft |
Source: | ||
| 9/10/2025 | Price change | $559,000-3.5%$212/sqft |
Source: | ||
| 8/6/2025 | Listed for sale | $579,000+727.1%$220/sqft |
Source: | ||
| 8/31/2006 | Sold | $70,000$27/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $273,500 |
| 2023 | -- | $273,500 |
| 2022 | -- | $273,500 |
| 2021 | -- | $273,500 |
| 2020 | -- | $273,500 |
| 2019 | -- | $273,500 |
| 2018 | -- | $273,500 |
| 2017 | $5,002 | $273,500 |
| 2016 | -- | $273,500 +9933% |
| 2015 | -- | $2,726 |
| 2014 | -- | $2,726 |
| 2013 | -- | $2,726 |
| 2012 | -- | $2,726 |
| 2011 | -- | $2,726 |
| 2010 | -- | $2,726 |
| 2009 | -- | $2,726 |
| 2008 | -- | $2,726 +1.5% |
| 2007 | -- | $2,685 +138.7% |
| 2006 | -- | $1,125 |
| 2003 | -- | $1,125 |
Find assessor info on the county website
Monthly payment
Est. payment
$3,391/mo
Principal & interest
$2733
Property taxes
$658
More affordability tools
Climate risks
Neighborhood: 05488
Nearby schools
GreatSchools rating
- 5/10Swanton SchoolsGrades: PK-6Distance: 1.3 mi
- 4/10Missisquoi Valley Uhsd #7Grades: 7-12Distance: 1.9 mi
Schools provided by the listing agent
- Elementary: Swanton School
- Middle: Swanton School
- High: Missisquoi Valley UHSD #7
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 05488
- Vermont
- Franklin County
- Swanton
- 05488
- 123 Lake Street




