VT > St. Albans City
St. Albans City, VT 05478,176-178 Lake ST
St. Albans City, VT 05478,176-178 Lake ST
St. Albans City, VT 05478,176-178 Lake ST
St. Albans City, VT 05478,176-178 Lake ST
St. Albans City, VT 05478,176-178 Lake ST
St. Albans City, VT 05478,176-178 Lake ST
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Keith Vaillancourt

Keith Vaillancourt

+1(603) 540-1072
Listed by Kassian R Prior • KW Vermont • Cell: 802-777-5941
$ 875,000
Est. payment | /mo

10 Beds

3 Baths

4,056 SqFt

Save
$ 875,000
Est. payment | /mo
Save

10 Beds

3 Baths

4,056 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,056 sqft

Price per Sqft $215

MLS Listing ID 5064111

Bedrooms 10

Full Baths 3

Construction Status Existing

Year Built 1900

Annual Tax Amount $7,940

Tax Year 2025

Lot Size 7,405 Sqft

Acres 0.17

Property Description

Income-Producing Cash Cow in St. Albans! This long-term, owner-held property with a strong rental history is an incredible investment opportunity. The building offers a mix of units rarely found in today's market: one 4-bedroom, 1-bath unit, one 3-bedroom, 1-bath unit, one 2-bedroom, 1-bath unit, and one 1-bedroom, 1-bath unit. Each apartment features soaring ceilings, laminate flooring, and full kitchens, while oversized layouts provide the space tenants want but seldom find. The proven occupancy and steady demand highlight its value as a reliable income producer. In addition to the rental units, the property includes massive rear storage currently generating additional rental income. This unique feature also presents a redevelopment or expansion opportunity, creating potential for even greater future cash flow. On- and off-street parking add convenience for tenants, increasing overall appeal and retention. Located in central St. Albans, the property is close to shopping, dining, and local amenities, making it highly desirable to tenants. With multiple income streams, upside for redevelopment, and pricing below suggested market value based on local cap rates, this property more than earns its reputation as a cash cow. Don't miss the chance to secure a versatile, income-producing asset in a prime location!

Location

State VT

County Vt-franklin

Area Vt-Franklin

Zoning RESD-1

Rooms

Basement Entrance Interior

Basement Unfinished

Interior

Cooling None

Flooring Laminate

Exterior

Utilities Available Cable Available

Roof Type Metal

Building

Story 3

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools St Albans City School

Middle Schools St. Albans City School

High Schools Bellows Free Academy

PrimeMLS
Keith Vaillancourt

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(603) 540-1072

keith@kvrealtynh.net

12 Concord Ave, Derry, New Hampshire, 03038, USA

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176-178 Lake ST