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Listed by Lipkin Audette Team • Coldwell Banker Hickok and Boardman • Phone: 802-846-8800
$589,900
Est. payment /mo
6 Beds
3 Baths
1,772 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,772 sqft
Price per Sqft $332
MLS Listing ID 5094424
Bedrooms 6
Full Baths 3
Construction Status Existing
Year Built 1899
Annual Tax Amount $9,750
Tax Year 2027
Lot Size 1,742 Sqft
Acres 0.04
Property Description
Exceptional investment opportunity in one of Burlington's most desirable locations! This well-maintained triplex is just a few blocks from downtown, Church Street Marketplace, the Lake Champlain waterfront, and the vibrant South End Arts District. The property offers three 2-bedroom, 1-bathroom apartments for a total of 6 bedrooms and 3 bathrooms. The rear townhouse-style apartment (Unit C) was extensively remodeled in Spring 2026 with a brand-new kitchen, new flooring, and fresh paint, plus it is currently vacant - making it an ideal option for an owner-occupant or an investor seeking market-rate rent. Unit B has also been updated in recent years, while Units A and B are fully rented. With projected rental income for Unit C, the property offers an attractive 8.36% cap rate. Additional features include separate utilities, one off-street parking space, and ample bike storage. Whether you're a seasoned investor looking to expand your portfolio, a first-time landlord, or a buyer seeking to offset ownership costs by living in one unit while collecting rental income from the others, this property offers flexibility, strong income potential, and an unbeatable Burlington location close to restaurants, shopping, parks, entertainment, and more.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Res-High Intensity
Rooms
Basement Entrance Walk-up
Basement Crawl Space, Unfinished, Exterior Access
Interior
Cooling None
Flooring Carpet, Laminate, Vinyl Plank
Exterior
Utilities Available Cable Available
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
School District Burlington School District
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NEARBY SCHOOL & BUSINESS
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