123 Lake Street, Swanton, VT, 05488 | $499,900

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.

Features

  • Rooms: 17
  • Bedrooms: 6
  • Baths: 3 full
  • Units: 3
  • Style: Multi-Level
  • Year Built: 1977
  • Garage: 2-car Garage
  • Heating: Oil,Pellet Stove
  • Cooling: None
  • Basement: Concrete,Concrete Floor,Interior Stairs,Storage Space,Sump Pump
  • Approx Sq. Feet: 2,632
  • Acreage: 11.85
  • Est. Taxes: $6,081
  • Lot Desc: Country Setting,Horse/Animal Farm,Field/Pasture,Landscaped,Level,Major Road Frontage,Recreational,View,Wooded,Near Paths,Near Shopping,Near Snowmobile Trails,Near Hospital,Near ATV Trail
  • Elem. School: Swanton School
  • Middle School: Swanton School
  • High School: Missisquoi Valley UHSD #7
  • MLS#: 5055086
  • Website: https://www.raveis.com
    /prop/5055086/123lakestreet_swanton_vt?source=qrflyer
©2026 New England Real Estate Network, Inc. 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 PrimMLS. 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 6/24/2026

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Frank MerolaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1020051

508.740.5922

Frank.Merola@raveis.com

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123 Lake Street, Swanton, VT, 05488

$499,900

The Lomenzo Team

Sales Associates

William Raveis Real Estate

Phone: 508.737.8272

TheLomenzoTeam@raveis.com

Frank Merola

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.740.5922

Frank.Merola@raveis.com

NMLS Mortgage Loan Originator ID 1020051

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $399,920 $399,920 $399,920
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.490% 5.750%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.424% 6.640% 5.972%
Monthly Tax Payment $507 $507 $507
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,430 $2,525 $3,321
Total Monthly Payment $3,012 $3,107 $3,903

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.