6 months on rocket

219 Lake St, Saint Albans City, VT, 05478

$1,500,000

0.33 Acres
$101/SqFt
Land

Location

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Property Highlights

Home TypeOther
ParkingOn-Site, Parking Spaces 5 - 10, Unpaved
Year Built1900
HeatingNatural Gas
CoolingOther
BasementYes
MLS #5001835
Lot Size0.33 Acres
StatusActive

About 219 Lake St

Great Investment Opportunity. This mixed-use building is located in St Albans City close to local employers, shopping, restaurants, and community resources. The building consists of 8 two bedroom apartments on the second and third floors and 2 operating businesses on the ground floor. Full basement provides great storage space plus an on-site coin operating laundry room. The building has been family owned for decades and has been kept in great shape with many recent improvements. The first floor business space currently leased by Spectrum Youth Drop-In Center was fully renovated in 2020 including a kitchen, ADA bathroom and office spaces. The apartments have been updated as turned over including two with new heaters in 2023-2024. The back of the building was enclosed in 2022 including new windows, vinyl siding and LED lighting. Extensive brickwork was completed on the westside of the building in 2024. Main roof was repaired in 2024 and the rubber membrane roof on the lower portion was replaced in 2018. Large parking lot in the back provides off-street parking for the residents and businesses. This investment property would bring immediate income as well as the potential to grow ROI quickly. Commercial Listing #5001847

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Stories: 3
  • Living Area: 14,856 SqFt

Listing Office:

  • Office Name: Blue Slate Realty
  • Office Phone: (802) 318-2647
  • Listing Agent: Blue Slate Realty

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On-Site, Parking Spaces 5 - 10, Unpaved

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Other

Other

Directions Information:

  • Directions: From I89 take exit 19 to Main St. Right onto Main and at third street light, left onto Lake St. About .4 mile on the right. Property on corner of Lake and Spruce Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $101/SqFt
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MLS Details

MLS Information:

  • MLS Number: #5001835

Listing Office:

  • Office Name: Blue Slate Realty
  • Office Phone: (802) 318-2647
  • Listing Agent: Blue Slate Realty

IDX© Copyright 2025 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.

Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/2/2025, 10:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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$7,554

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Recommended Financing

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-18109
5
/10
  • Swanton Schools

  • 24 Fourth St

  • 8.17 miles

  • Public District Grades PK-6

school-card-donut-18110
5
/10
  • Highgate School

  • 219 Gore Rd

  • 9.14 miles

  • Public District Grades PK-6

school-card-donut-18111
5
/10
  • Bellows Free Academy Elementary School at Fairfax

  • 75 Hunt St

  • 10.14 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $89,989. Residents of Franklin County, VT typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 219 Lake St

What is the listing price of this property?

The listing price of 219 Lake St property is $1,500,000.

What type of property is this?

The property 219 Lake St is land located in Saint Albans City, Vermont, 05478.

Is this property for sale now?

Active Listing: 219 Lake St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 219 Lake St is 0.33 acres.
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Rocket HomesVermontFranklin CountySaint Albans City05478219 Lake St

This home is located at 219 Lake St in Saint Albans City, VT and zip code 05478. This 14,856 square foot home, which was built in 1900, sits on a 0.33 acre lot. It has been listed on Rocket Homes since June 21, 2024 and is currently priced at $1,500,000.

In December 2024, from all listings sold in Franklin County, VT there were more than 8 sold above asking price, over 19 sold below and more than 8 were sold right at the asked price. Between November 2024 and December 2024, Franklin County, VT real estate market has seen decrease in the number of listings by 17.9%.

From Rocket Homes Real Estate and based on county public records data.

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