Properties Near 109 Caledonia Street St. Johnsbury, VT

Home to the same family for 45+ years, this home has two (2) bedroom units. The first floor "owners" unit has an a very nice kitchen with lots of Oak cabinets and counter space, an updated full bath and a double living room, 2 bedrooms, hardwood floors, mudroom type entrance. The 2nd floor unit is basically a copy of the downstairs. Each unit pays it's own utilities. Great yard space, 2+ car garage, vinyl siding, vinyl clad windows for easier maintenance. A good, solid home and with the income from the 2nd floor unit, an affordable home. Potential to be used as a single family home. Owners offering a $13,000.00 credit at closing--check with your Realtor for details 2 finished rooms on the 3rd, great for storage, office space

This stately Victorian offers a compelling opportunity for investors or developers looking to complete and capitalize on a thoughtfully reconfigured multi-family project. Rich with original craftsmanship, the home still showcases the hallmarks of its era: tall ceilings, detailed woodwork, built-ins, and an overall sense of scale and presence that newer construction rarely replicates. A wraparound front porch further enhances its architectural appeal and curb presence. Formerly configured as four units, the property has since been approved and partially converted into a six-unit apartment building. The proposed layout includes a three-bedroom unit, a two-bedroom unit, and four one-bedroom units, creating a balanced mix well suited to the local rental market. Once completed, the projected gross monthly income is estimated between $7,500 and $8,000, making this an attractive option for those seeking long-term passive income. Significant structural improvements have already been completed, and the interior has been taken back to the studs, providing a clean slate for the next phase of work. Updated mechanicals are underway, including a high-efficiency propane heating and hot water system designed to serve the building efficiently. Electrical infrastructure is in place to support individual metering for each unit, along with a common meter. Situated on a corner lot, the property benefits from more parking than typically expected for a building of this vintage. With the heavy lifting already done, what remains is finishing the mechanicals, closing the building back up, and bringing the units online. For the right buyer, this is a rare chance to complete a classic Victorian conversion and turn it into a strong-performing income property.

Looking to grow your investment portfolio? This well-maintained property already has two reliable tenants in place, each paying their own utilities. Your only responsibilities would be quarterly water/sewer, insurance, taxes, and—if applicable—your mortgage. Situated within walking distance to shops, gas stations, coffee spots, and downtown St. Johnsbury, this location makes it an easy choice for renters. Originally built as a single-family home, the property offers flexibility for the future. With leases secured through Summer 2026, you’ll enjoy steady income now with the option to convert back to a single-family residence later if desired. Don’t miss your chance to add a cash-flowing property to your portfolio! March 2026 update: The roof is older but has no known issues and recently was inspected without concern other than noting it is an older roof. To assist buyers navigating current insurance underwriting trends, seller is proactively offering a $10,000 credit or escrow option toward a future roof replacement.

This is a 2 unit building with potential rehab needed. Bring your imagination priced to sell. The property is lender owned and being sold as is and sellers makes no representations or warranties.