Description
Rare turnkey multi unit investment opportunity along Vermont’s scenic Route 100 corridor. This versatile 3,874 SF (4,954 total) property functions as two fully independent residences connected by a breezeway - with options for 1 or 2 more apartments ideal for short-term rentals, co-living, group housing, or owner-occupied income generation such as a home office. The property offers 16 rooms including 9-10 bedrooms and 3.5 baths, offering strong capacity for rental optimization and multiple revenue streams. Previously operated as a licensed Level 3 assisted living facility, the property features infrastructure suited for commercial or institutional use, including a sprinkler system, backup generator, and high-speed internet. Extensively updated since 2022, improvements include new roof, boiler, flooring, fresh interior paint, and updated appliances minimizing near-term capital expenditures.The main residence offers 4 bedrooms, 1.5 baths, a large kitchen, formal dining room, living room, enclosed porch, deck, and oversized laundry/storage area. The auxiliary residence includes a first-floor suite with accessible bath and common living space and 2-3 bedrooms, plus a separate 3-bedroom second-floor apartment with full bath, kitchenette, recreation room, and deck. A 1,080 SF walk-up attic provides significant upside potentialideal for a future primary suite or additional rental unit (subject to approvals). Situated on a level 1-acre lot with mountain views and parking for 10+ vehicles, the property sits directly across from Hancock Town Green and within walking distance to village amenitiesenhancing guest appeal and tenant demand. Located within 20-40 minutes of Sugarbush, Mad River Glen, Pico, and Killington, this property is well-positioned for year-round rental income driven by skiing, golfing, hiking, and seasonal tourism. Ideal for investors seeking a flexible, income-producing asset with immediate usability and long-term upside.
Details
| MLS # | 5086714 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1900 |
| Days On Site | 113 |
| Listing Provided By | Great American Dream Realty | Lisa Friedman |
Features
| Basement | Y |
|---|---|
| Story(s) | 3 |
| Units | 2 |
| Zoning | Residential/Commercial |
| Acreage | 1.00 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Natural Gas, Baseboard, Boiler |
| Appliances | On Demand Water Heater |
Exterior
| Exterior Features | Balcony, Deck, Garden, Outbuilding, Enclosed Porch, Shed, Storage |
|---|---|
| Roof | Standing Seam |
| Construction Materials | Wood Frame |
| Foundation Details | Concrete, Stone |
| Lot Features | Corner Lot, Country Setting, Level, Major Road Frontage, Mountain View, Open Lot, Trail/Near Trail, Views, In Town, Near Golf Course, Near Paths, Near Skiing, Near Snowmobile Trails, Valley, Near ATV Trail |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Parking Spaces 5 - 10, RV Accessible |
Utilities
| Utilities | Propane, Phone Connected |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Septic Tank |
Taxes
| Tax Annual Amount | 8018.96 |
|---|---|
| Tax Year | 2025 |
Area Information
| State | VT |
|---|---|
| County | Addison |
| City | Hancock |
| Zip Code | 05748 |
| Area | VT Addison |
| High School | Choice |
| Listing VS Median (in 05748) | |
Price: $799,000 low | high Med: $0 On site: 113 low | high Med: | |
Market Activity 05748
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Learn More About This Property
| State | VT |
|---|---|
| County | Addison |
| City | Hancock |
| Zip Code | 05748 |
| Area | VT Addison |
| High School | Choice |
| Listing VS Median (in 05748) | |
Price: $799,000 low | high Med: $0 On site: 113 low | high Med: | |
