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.

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Tax Information

Tax Year2026

Building

Year Built1900
Building ConstructionBrick Exterior, Combination Exterior
StyleMulti-Family
Units3
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 1 Floor Location1,2
Unit 1 Total Rooms6
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Floor Location2
Unit 2 Styleflat
Unit 2 Total Rooms5
Unit 3 Bath1
Unit 3 Bedrooms2
Unit 3 Floor Location1
Unit 3 Styleflat
Unit 3 Total Rooms4
# of 1 Bedrooms2
# of 2 Bedrooms1
Bathroom3
Total Baths3
BasementUnfinished
FoundationStone

Basic Information

Virtual TourView Tour
StatusACT
List Price$395,000
Date Price Change06/25/2026
MLS Number5096730
MLS StatusActive

Property

Acreage0.3
GarageNo
Parking Spaces
Lot DescriptionCity Lot, Major Road Frontage, Sloping, Water View, In Town
Square Feet2,611
APX Fin AG Sqft2,611
Road Frontage89
RoadsPaved, Public
AreaVT-Addison

Amenities

Exterior AmenitiesDeck, Garden Space, Natural Shade
PricePerSqFt151.28

Other

Taxes$6,237
Seasonal Y/NNo
Operating Expenses11372
TrashTenant
Date Listed06/25/2026
Unit 1 Deposit$1,425
Unit 2 Rent Amount$1,150
Unit 3 Rent Amount$1,005
View Count1

Location

TownVergennes
StateVT
Zip05491
CountyAddison
ZoningRes/other
Elementary SchoolVergennes UES #44
Junior HighVergennes UHSD #5
High SchoolVergennes UHSD #5
Address297 Main Street
Flood Zone Y/NNo

Interior

FloorsCarpet, Vinyl, Wood

Exterior

RoofShingle
Exterior ColorBrick

Utilities

Heat SystemPropane, Hot Air, Monitor Type
WaterPublic
ElectricFuses
SewerPublic
UtilitiesCable Available, Propane, Telephone Available

Water Body

Water Body TypeCreek
Water Body NameOtter Creek
Water ViewYes

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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. Data last updated June 26, 2026 8:53 AM UTC

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297 Main StreetVergennes, VT 05491MLS Number 5096730

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