297 Main St Unit 299 Vergennes, VT 05491
Vergennes AreaEstimated payment $2,616/month
Highlights
- Water Views
- Wood Flooring
- Property is near creek
- Deck
- Garden
- 3-minute walk to Town Green
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,237
Year Built
- Built in 1900
Lot Details
- 13,068 Sq Ft Lot
- Sloped Lot
- Garden
Parking
- Paved Parking
Home Design
- Brick Exterior Construction
- Stone Foundation
- Shingle Roof
Interior Spaces
- Property has 2 Levels
- Water Views
- Unfinished Basement
- Walk-Up Access
Flooring
- Wood
- Carpet
- Vinyl
Outdoor Features
- Deck
Location
- Property is near creek
- City Lot
Schools
- Vergennes UES #44 Elementary School
- Vergennes Uhsd #5 Middle School
- Vergennes Uhsd #5 High School
Utilities
- Heating System Uses Propane
- Separate Meters
- Propane
- Phone Available
- Cable TV Available
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- Gross Income $43,500
- Net Operating Income $32,128
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,904 | $361,300 | $90,000 | $271,300 |
| 2024 | -- | $242,500 | $45,000 | $197,500 |
| 2023 | -- | $242,500 | $45,000 | $197,500 |
| 2022 | $6,300 | $242,500 | $45,000 | $197,500 |
| 2021 | $6,475 | $242,500 | $45,000 | $197,500 |
| 2020 | $6,357 | $242,500 | $45,000 | $197,500 |
| 2019 | $6,101 | $242,500 | $45,000 | $197,500 |
| 2018 | $5,796 | $242,500 | $45,000 | $197,500 |
| 2017 | -- | $242,500 | $45,000 | $197,500 |
| 2016 | $5,526 | $242,500 | $45,000 | $197,500 |
| 2015 | -- | $2,425 | $0 | $0 |
| 2014 | -- | $2,425 | $0 | $0 |
| 2013 | -- | $2,425 | $0 | $0 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/13/2026 07/13/26 | Pending | -- | -- | -- | |
| 06/25/2026 06/25/26 | For Sale | $395,000 | +17.9% | $151 / Sq Ft | |
| 02/28/2024 02/28/24 | Sold | $335,000 | -2.9% | $135 / Sq Ft | View Prior Sale |
| 02/28/2024 02/28/24 | Pending | -- | -- | -- | |
| 02/28/2024 02/28/24 | For Sale | $345,000 | -- | $139 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $335,000 | -- | |
| Grant Deed | $195,000 | -- |
Source: PrimeMLS
MLS Number: 5096730
APN: 663-210-10020
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