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Listed by Elise Polli • Polli Properties
$925,000
Est. payment /mo
4 Beds
4 Baths
2,084 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,084 sqft
Price per Sqft $443
MLS Listing ID 5067151
Bedrooms 4
Full Baths 4
Construction Status Existing
Year Built 1932
Annual Tax Amount $10,207
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Description
All units are fully occupied! Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with all of the units rented- perfect for both investors and owner-occupants seeking steady income and long-term growth. Conveniently located near Shelburne Road, Pine Street, and downtown Burlington, enjoy easy access to shopping, dining, local events, recreation, UVM and Champlain College campuses, the UVM Medical Center, and the local bus line for effortless commuting. The property includes two studio apartments and two 2-bedroom units, each thoughtfully updated to attract quality tenants and minimize future maintenance. Unit 476 #1 features two bedrooms, an updated ¾ bathroom with a custom tiled shower, and a refreshed kitchen. Unit 478 #1 also offers two bedrooms, a new kitchen and bathroom, and fresh paint throughout. Units 476 #2 and 478 #2 are spacious studios with convenient mudroom entries and updated kitchens and bathrooms- 478 #2 recently received extensive improvements, including new finishes and fixtures. Major building upgrades provide peace of mind and long-term value, including a new roof installed in November 2023 and a new boiler replaced in 2025. Tenants also enjoy access to a shared laundry room at no cost. With its excellent condition, driveway parking, recent capital improvements, and prime Burlington location, this property presents a turnkey investment opportunity offering immediate income and lasting stability.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Residential - Corridor
Rooms
Basement Entrance Walk-up
Basement Bulkhead, Unfinished, Exterior Access
Interior
Cooling None
Flooring Carpet, Hardwood, Tile
Exterior
Utilities Available Telephone Available
Roof Type Asphalt Shingle
Building
Story 1.5
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools Choice
Middle Schools Edmunds Middle School
High Schools Burlington High School
School District Burlington School District
Read Less Info
NEARBY SCHOOL & BUSINESS
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