Vergennes Vermont Real Estate

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.

This duplex offers a rare blend of convenience and privacy just minutes from town. Each unit features three bedrooms, with the owner-occupied side beautifully restored. The kitchen expansion in the owner’s unit is underway, offering a fantastic opportunity for customization. Enjoy a lovely, landscaped backyard with plenty of space for gardening, entertaining, or relaxing. The three-season sunroom is perfect for unwinding and soaking in natural light while taking in backyard views. The second unit is currently rented, providing flexible options for continued rental income or the possibility to convert the property back to a single-family residence. A unique chance to own a versatile and inviting property with both investment and personal possibilities in a sought-after location.