23 Depot Street Swanton, Vermont 05488 MLS# 5023183

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Sold Status

$444,500 Sold Price

Multi Type

9 Beds

4 Baths

2,680 Sqft

Listed By Sandi Kenyon of Coldwell Banker Hickok & Boardman - (802)752-2133
Sold By Flex Realty
✉ 🖶

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23 Depot Street

This well-maintained, fully-rented four-unit apartment building is an ideal investment opportunity with short-term leases in place, providing immediate rental income. Formerly known as the West Side Inn, the property features some new flooring and fresh paint, making it a turn-key investment with minimal upkeep required. Situated on a half-acre lot. The units are heated with monitor heaters upstairs, and one oil furnace and one propane furnace service the building. Public water and sewer further simplify ownership. With its prime location near downtown, the new bistro, and bakery, this building has strong demand from tenants, ensuring reliable cash flow. This is an excellent opportunity for investors looking to generate steady income.

Property Location

23 Depot Street Swanton

Property Details

Sold Price  $444,500 Sold Date  Mar 4th, 2025
List Price  455,000 Bedrooms  9 Garage Size  0 Car
Cooperation Fee  Unknown Total Bathrooms  4 Year Built  1900
MLS#  5023183 Lot Size  0.5 Acres Taxes $6,968
Type  Multi-Family Days on Market  203 Days Tax Year 2024
Units  4 Stories  2 Road Frontage  217
Annual Income  $82,800 Style   Water Frontage  
Annual Expenses  $0 Finished  2,680 Sqft Construction  No, Existing
Zoning   Commercial General Above Grade  2,680 Sqft Seasonal  No
Total Rooms  9 Below Grade  0 Sqft List Date  Nov 25th, 2024
Gross Income  $82,800 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   3 Beds, 1 Baths, 788 SqFt, $2,300/Monthly Unit 2   2 Beds, 1 Baths, 765 SqFt, $1,300/Monthly
Unit 3   2 Beds, 1 Baths, 684 SqFt, $1,500/Monthly Unit 4   2 Beds, 1 Baths, 584 SqFt, $1,800/Monthly
Construction
BasementInterior, Unfinished, Partial, Interior Stairs, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Block, Brick, Stone House Color  White
Floors  Laminate Building Certifications  
Roof  Metal HERS Index  
DirectionsI-89 Exit 21 to east on Route 78 through Swanton, over the bridge, go straight at the intersection onto Depot Street. House on the far left.
Lot DescriptionNo, Open, Porch - Enclosed
Garage & Parking  No, Driveway
Road Frontage  217 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  Commercial General
School District  Franklin Northwest Middle  Swanton School
Elementary  Swanton School High  Missisquoi Valley UHSD #7
Heat Fuel  , Electric, Oil, Monitor Type Excluded  
Heating/Cool  None, Hot Air, Hot Water, Electric, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Property Disclosure, Deed
Electric  Circuit Breaker Tax ID  639-201-10719
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