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.
Active
Listed by: Ridgeline Real Estate
$395,000
297 Main Street, Vergennes, VT 05491
4beds
2,611sqft
Multi Family
Built in 1900
-- sqft lot
$397,200 Zestimate®
$151/sqft
$-- HOA
What's special
Excellent storage spaceRemodeled upstairs apartmentNew fascia
- 3 days |
- 532 |
- 19 |
Zillow last checked:
Listing updated:
Listed by:
Julie Danaher,
Ridgeline Real Estate 802-540-1366
Source: PrimeMLS,MLS#: 5096730
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Propane, Hot Air, Monitor Type
Cooling
- Individual
Features
- Flooring: Carpet, Vinyl, Wood
- Basement: Unfinished,Walk-Up Access
Interior area
- Total structure area: 4,039
- Total interior livable area: 2,611 sqft
- Finished area above ground: 2,611
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Parking features: Paved
Features
- Levels: Two
- Exterior features: Deck, Garden, Natural Shade
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Body of water: Otter Creek
- Frontage length: Road frontage: 89
Lot
- Size: 0.3 Acres
- Features: City Lot, Major Road Frontage, Sloped, In Town
Details
- Parcel number: 66321010020
- Zoning description: Res/other
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick Exterior, Combination Exterior
- Foundation: Stone
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Fuses
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Propane, Phone Available
Community & HOA
Location
- Region: Vergennes
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $242,500
- Annual tax amount: $6,237
- Date on market: 6/25/2026
- Exclusions: Tenants personal property.
- Road surface type: Paved
Estimated market value
$397,200
$377,000 - $417,000
$1,953/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $395,000+17.9%$151/sqft |
Source:  PrimeMLS #5096730 Report a problem | ||
| 2/28/2024 | Sold | $335,000+71.8%$128/sqft |
Source: PrimeMLS #4986530 Report a problem | ||
| 4/4/2007 | Sold | $195,000$75/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $242,500 |
| 2023 | -- | $242,500 |
| 2022 | -- | $242,500 |
| 2021 | -- | $242,500 |
| 2020 | -- | $242,500 |
| 2019 | -- | $242,500 |
| 2018 | -- | $242,500 |
| 2017 | -- | $242,500 |
| 2016 | -- | $242,500 +9900% |
| 2015 | -- | $2,425 |
| 2014 | -- | $2,425 |
| 2013 | -- | $2,425 |
| 2012 | -- | $2,425 |
| 2011 | -- | $2,425 |
| 2010 | -- | $2,425 |
| 2009 | -- | $2,425 |
| 2008 | -- | $2,425 |
| 2007 | -- | $2,425 +98.6% |
| 2006 | -- | $1,221 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 05491
Nearby schools
GreatSchools rating
- 6/10Vergennes Uesd #44Grades: PK-5Distance: 0.3 mi
- 6/10Vergennes Union Middle SchoolGrades: 7-8Distance: 0.6 mi
- 8/10Vergennes Uhsd #5Grades: 9-12Distance: 0.6 mi
Schools provided by the listing agent
- Elementary: Vergennes UES #44
- Middle: Vergennes UHSD #5
- High: Vergennes UHSD #5
- District: Addison Northwest
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Vermont
- Addison County
- Vergennes
- 05491
- 297 Main Street
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