14 1st St
Closed 10/8/21
Closed 10/8/21
Description
Incredible Investment Property – Turn Key operation, fully rented with very long term tenants and a great 7.25% cap rate. Annual net $40,000. Great location, walking distance from Swanton’s Beautiful Village Park. There are 3 two-bedroom and 3 one-bedroom apartments. Parking on site. Some of the tenants have been here for over a decade. Rents are at market and things are running smoothly with almost no vacancy (Owner did leave one unit vacant during COVID for obvious reasons). Property is fully occupied...Incredible Investment Property – Turn Key operation, fully rented with very long term tenants and a great 7.25% cap rate. Annual net $40,000. Great location, walking distance from Swanton’s Beautiful Village Park. There are 3 two-bedroom and 3 one-bedroom apartments. Parking on site. Some of the tenants have been here for over a decade. Rents are at market and things are running smoothly with almost no vacancy (Owner did leave one unit vacant during COVID for obvious reasons). Property is fully occupied and tenants are all current. Take over this well managed property and start building equity for your retirement.
- Listed by Steve Rocheleau • Rocheleau Realty Associates of Vermont
Sold By Preferred Properties
Property Details for 14 1st Street
Zoning
Neighbor Commercial
LISTING UPDATED: 10/10/2021 03:53 PM
Property Details for 14 1st Street
| Status | Closed |
|---|---|
| MLS # | 4875225 |
| Days on Market | 8 |
| Taxes | $11,308 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1990 |
| Lot Size | 0.25 AC / 10,890 SF |
| County | Franklin County |
Location
Add your commute
Building Information for 14 1st Street
Stories2Residences6Year Built1990Building Size-Lot Size0.25 AC / 10,890 SF
Payment Calculator
$3,712 per month
30 year fixed, 6.46% Interest
Principal and Interest
$2,770
Property Taxes
$942
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
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1Property Information for 14 1st Street
Summary
Location and General Information
- City: Swanton
- County: VT-Franklin
- Directions: I-89 to Exit 21, Left on Rte 78. Property on the left just before the intersection of First St. and Grand Ave. (US Rte 7).
- Latitude: 44.918348979300461
- Longitude: -73.123403364418010
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Village/Dist/Locale: Swanton
- Map: Bk 1 P 88
- Zip: 05488
Taxes and HOA Information
- SPAN Number: 639-201-10803
- Tax - Gross Amount: $11,308.00
- Tax Year: 2020
- Taxes TBD: No
School Information
- School - High: Missisquoi Valley UHSD #7
- School - District: Franklin Northwest
- School - Elementary: Swanton School
- School - Middle/Jr: Missisquoi Valley Union Jshs
Parking
- Garage: No
- Garage Capacity: .00
- Driveway: Paved
Property
Lot Information
- Lot - Sqft: 10890.0
- Lot Size Acres: 0.25
- Road Frontage Length: 80.0
- Square Feet Apx Finished Above Grade: 4656.0
- Square Feet Apx Finished AG Source: Assessor
- Square Feet Apx Finished Below Grade: 2320.0
- Square Feet Apx Finished BG Source: Assessor
- Square Feet Apx Total: 6976.0
- Square Feet Apx Total Finished: 6976.0
- Square Feet Apx Unfinished Above Grade: 0.0
- Square Feet Apx Unfinished AG Source: Assessor
- Square Feet Apx Unfinished Below Grade: 0.0
- Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- Foundation: Concrete
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1990
Utilities
- Electric Company: Swanton Electric
- Cable Company: Xfinity
- Fuel Company: VT Gas
- Electric: Circuit Breaker(s)
- Sewer: Public Sewer On-Site
- Utilities: Cable - Available, Gas - On-Site, High Speed Intrnt -Avail, Internet - Cable, Telephone Available
- Total Gas Meters: 1
- Total Electric Meters: 7
- Separate Utilities: Varies
Interior and Exterior Features
Exterior Features
- Color: White
- Roads: Paved
- Roof: Shingle - Architectural
- Total Ranges: 6
Interior Features
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Apartments, Concrete, Concrete Floor, Daylight, Finished, Full, Insulated, Stairs - Interior, Storage - Locked, Interior Access, Exterior Access
- Total Full Baths: 6
- Heat Fuel: Gas - Natural
- Heating: Baseboard, Hot Water
- Cooling: None
- Total Refrigerators: 6
- Total Rooms Above Ground: 18
- Total Stories: 2
- Total Water Heaters: 2
- Trash: Dumpster
Multi Family
Income & Expenses Information
- Gross Income: $72,030.00
- Net Income: $39,430.00
- Operating Expense Incl: Heat, Insurance, Maintenance, Snow Removal, Trash, Water/Sewer
- Operating Expense: $32,600
Multi-Family Information
- Total Units: 6
- Total 1 BR Units: 3
- Total 2 BR Units: 3
- Total 3+ BR Units: 0
- Total Heat Units: 1
Unit Information
Unit 1
- Unit 1 Style: Daylight Basement
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 1
- Unit 1 Rental Agremnt: Yes
- Unit 1 Lease Term: Month to Month
- Unit 1 Level Number: Basement
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Month to Month
- Unit 1 Rooms: 4
- Unit 1 Rental Amount: $1,000.00
- Unit 1 Tenant Pays: Electric
- Unit 1 Info: Appliances Included, CO Detector, Den, Dishwasher, Range - Electric, Refrigerator, Smoke Detector
Unit 2
- Unit 2 Lease Term: Month to Month
- Unit 2 Style: Flat
- Unit 2 Baths: 1
- Unit 2 Rooms: 5
- Unit 2 Rental Agremnt: Yes
- Unit 2 Status: Month to Month
- Unit 2 Level Number: 2nd Floor
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 2
- Unit 2 Rental Amount: $1,165.00
- Unit 2 Info: Appliances Included, CO Detector, Dishwasher, Range - Electric, Refrigerator, Smoke Detector
- Unit 2 Tenant Pays: Electric
Unit 3
- Unit 3 Lease Term: Month to Month
- Unit 3 Baths: 1
- Unit 3 Rooms: 5
- Unit 3 Rental Agremnt: Yes
- Unit 3 Level Number: 2nd Floor
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Month to Month
- Unit 3 Style: Flat
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $1,190.00
- Unit 3 Info: Appliances Included, CO Detector, Deck, Dishwasher, Dryer, Range - Electric, Refrigerator, Smoke Detector, Washer
- Unit 3 Tenant Pays: Electric
Unit 4
- Unit 4 Rental Agremnt: Yes
- Unit 4 Lease Term: Month to Month
- Unit 4 Level Number: 1st Floor
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Style: Flat
- Unit 4 Rooms: 5
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 2
- Unit 4 Status: Month to Month
- Unit 4 Rental Amount: $1,190.00
- Unit 4 Info: Appliances Included, CO Detector, Range - Electric, Refrigerator, Smoke Detector
- Unit 4 Tenant Pays: Electric
Unit 5
- Unit 5 Rental Agreement: Yes
- Unit 5 Level Number: 2nd Floor
- Unit 5 Rental Amt Freq: Monthly
- Unit 5 Status: Month to Month
- Unit 5 Style: Flat
- Unit 5 Baths: 1
- Unit 5 Bedrooms: 1
- Unit 5 Rooms: 3
- Unit 5 Lease Term: Month to Month
- Unit 5 Rental Amount: $550.00
- Unit 5 Info: Appliances Included, CO Detector, Range - Electric, Refrigerator, Smoke Detector
- Unit 5 Tenant Pays: Electric
Unit 6
- Unit 6 Rental Agreement: Yes
- Unit 6 Lease Term: Month to Month
- Unit 6 Level Number: Basement
- Unit 6 Baths: 1
- Unit 6 Bedrooms: 1
- Unit 6 Rooms: 4
- Unit 6 Rental Amt Freq: Monthly
- Unit 6 Status: Month to Month
- Unit 6 Style: Flat
- Unit 6 Rental Amount: $825.00
- Unit 6 Info: Appliances Included, CO Detector, Range - Electric, Refrigerator, Smoke Detector
- Unit 6 Tenant Pays: Electric
Rental
Rent Information
- Total Leases: 6
Property History for 14 1st Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 8, 2021 | Sold New England Real Estate Network #4875225 | $550,000 | — |
| Aug 6, 2021 | Pending New England Real Estate Network #4875225 | — | |
| Jul 29, 2021 | Listed (Active) New England Real Estate Network #4875225 | $549,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/08/2021 | Sold New England Real Estate Network #4875225 | $550,000 |
| 08/06/2021 | Pending New England Real Estate Network #4875225 | — |
| 07/29/2021 | Listed (Active) New England Real Estate Network #4875225 | $549,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 14 1st Street
Taxable ValueLand$52,500Additions$399,100Total$451,600
Tax Record2024$10,554 ($880 / month)
Home Facts
Baths7Total Finished SqFt4,528 SqFtAbove Grade Finished SqFt4,528 SqFtLot Size10,890 SqFtStyleOffice BuildingCountyFRANKLINAPN(201) FI0014.0028
Schools near 14 1st Street
This home is within Missisquoi Valley School District #89.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Swanton Schools PublicPK to 6 | ||
Missisquoi Valley Uhsd #7 Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Rocheleau Realty Associates of Vermont
Copyright 2026 PrimeMLS, 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 PrimeMLS. 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 04/14/2026 02:52 AM
