List Price: $490,000 | $269 per sq.ft. Multi Family
Price Change! Reduced by $45,000 down 9% on March 10th 2026
A 2 Unit Multi Family Home
With 1 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units on Pauline
Listed Wednesday Feb 4, 2026 | MLS# 5075678
400 East Lake Road Ludlow VT
Listed by Matthew Bellantoni Mary W. Davis Realtor & Assoc., Inc.
Versatile Ludlow retreat on 9 acres with proven short-term rental history, offering flexible living options ideal for owner-occupants or investors seeking income near Okemo Mountain. This property is configured as a single-family residence with two distinct living levels, each featuring private entrances and amenities that allow for multiple use scenarios. The ground floor living area includes a one-bedroom layout with a ¾ bath, kitchen, and combined living-dining space -- well suited for guests, rental income, or extended family. The upper level features two bedrooms plus a loft, a ¾ bath, wood stove, and access to a deck with winter views of Okemo Mountain, creating a cozy and inviting primary living space. Set on 9 private acres, the property offers space, seclusion, and year-round recreational appeal just minutes from Okemo, downtown Ludlow, and four-season activities. With a history of short-term rental use, this home presents an excellent opportunity to offset ownership costs while maintaining flexibility for personal use (buyer to verify current and future use with local zoning and regulations). A rare combination of land, location, and adaptable living -- ideal for a Vermont getaway, full-time residence, or income-producing property.
Sale Includes : Land/Building | Outbuilding

Annual Expenses

Taxes: $3,635
Income
Appliances : Electric Water Heater

UNIT 1

Beds: 1
Baths: 1
Rooms: 4
Sq.Ft.: 770
Level: 1
Info : Air Conditioner,Appliances Included,CO Detector,Electric,Heat,Hot Water,Porch,Electric Range,Refrigerator,Smoke Detector

UNIT 2

Beds: 2
Baths: 1
Rooms: 6
Sq.Ft.: 1060
Level: 2
Info : Air Conditioner,Appliances Included,Cathedral Ceiling,Ceiling Fan,Deck,Electric,Heat,Hot Water,Loft,Electric Range,Refrigerator,Separate,Smoke Detector,Wood Stove
Construction: Combination Exterior | Concrete Exterior | Vertical Siding | Wood Exterior
Year Built: 1969
Style: A Frame
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 1857
Above Grade Sq.Ft.: 1819
Exterior Color: Red
Roof: Metal | Standing Seam
Seasonal: No
Heating: Baseboard | Electric | Wood Stove | Mini Split
Cooling: Mini Split
Electric: Circuit Breaker(s)
Utilities: Cable Available
Electric Meters: 1
Water: Drilled Well
Sewer: Mound Leach Field | On-Site Septic Exists | Septic
Land Information
Country Setting | Hilly | Lake Access | Mountain View | Sloping | View | Wooded | Near Golf Course | Near Skiing
Lot size: 9.1 acres
Zoned: Res)
Surveyed: Yes
Flood Zone: No
Road Frontage: 238
Driveway: Crushed Stone | Dirt


Taxes $3,635
Assesed Value Not Reported
Schools

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