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.
Details
| MLS # | 5096730 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (30) Under Contract - Pending |
| Year | 1900 |
| Days On Site | 57 |
| Listing Provided By | Ridgeline Real Estate | Julie Danaher |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | Res/other |
| Acreage | 0.30 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | Individual |
| Heating | Propane, Hot Air, Monitor Type |
Exterior
| Exterior Features | Deck, Garden, Natural Shade |
|---|---|
| Roof | Shingle |
| Construction Materials | Brick Exterior, Combination Exterior |
| Foundation Details | Stone |
| Lot Features | City Lot, Major Road Frontage, Sloping, Water View, In Town |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable Available, Propane, Phone Available |
|---|---|
| Electric | Fuses |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 6237.12 |
|---|---|
| Tax Year | 2026 |
Area Information
| State | VT |
|---|---|
| County | Addison |
| City | Vergennes |
| Zip Code | 05491 |
| Area | VT Addison |
| School District | Addison Northwest |
| Elementary School | Vergennes UES #44 |
| High School | Vergennes UHSD #5 |
| Listing VS Median (in 05491) | |
Price: $395,000 low | high Med: $0 On site: 57 low | high Med: | |
Market Activity 05491
Request a showing
Request a showing
_20230518140439.png){kind=small}
Copyright 2026 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact
Learn More About This Property
| State | VT |
|---|---|
| County | Addison |
| City | Vergennes |
| Zip Code | 05491 |
| Area | VT Addison |
| School District | Addison Northwest |
| Elementary School | Vergennes UES #44 |
| High School | Vergennes UHSD #5 |
| Listing VS Median (in 05491) | |
Price: $395,000 low | high Med: $0 On site: 57 low | high Med: | |
