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  • Listed by: Sherwood Real Estate
    Price cut: $15K (3/4)
    $530,000

    123 Lake Street, Swanton, VT 05488

    6beds
    2,632sqft
    : 
    Multi Family
    Built in 1977
    -- sqft lot
    $-- Zestimate®
    $201/sqft
    $-- HOA

    What's special

    Knotty pine wallsGarden spaceWoods and level pastureTrim and paintVinyl siding
    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.
    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#: 5055086MLS Logo

    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
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,090/mo

        Price history

        Price history
        DateEventPrice
        3/4/2026Price change$530,000-2.8%$201/sqft
        Source: PrimeMLS #5055086 Report a problem
        11/22/2025Price change$545,000-2.5%$207/sqft
        Source: PrimeMLS #5055086 Report a problem
        9/10/2025Price change$559,000-3.5%$212/sqft
        Source: PrimeMLS #5055086 Report a problem
        8/6/2025Listed for sale$579,000+727.1%$220/sqft
        Source: PrimeMLS #5055086 Report a problem
        8/31/2006Sold$70,000$27/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax 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
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          Climate risks

          Neighborhood: 05488

          Getting around

          8 / 100
          Car-Dependent
          35 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          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.

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