Multi-Family Homes for Sale in Burlington VT

MLS Number 4946847

• Multifamily
• Units 1
• Bathroom 1
• Acreage 0.06
• Square Feet 1,400

Turnkey 4 bedroom investment property. Current rents are below market. Low maintenace and operating expenses. City has this home listed as a 3 br but there is a 1st floor room that has historically been used as a 4th br. Impeccably maintained, just a few minutes walk to all the colleges and a few blocks to downtown. No expense was spared when completely renovating this property. The interior and exterior have seen extensive updating over the past 15 years. Kitchen features tile floors, all wood cabinets, countertops, sink, electrical and plumbing replaced. Full bath gutted to studs with a new tub, tile floors and tub surround, plumbing and electrical fixtures and a new granite top vanity. This home features the classic two story porches off the back. Both porches rebuilt from the studs out, new windows, floors, walls, ceiling and electrical replaced. Every window in the house replaced. On the exterior the front and side entryways rebuilt and siding on upper and porches replaced. Interior doors were replaced with solid wood 6 panel doors. Hardwood on both floors and hallways. Ceilings on 1st and 2nd floor replaced with sheetrock, electrical updated at that time. 3rd floor has a walkup attic for storage and the entire attic cavity has been sprayed with insulating spray foam. Old slate roof removed, replaced with arch shingles and rubber membrane on porches. Long driveway provides ample parking. Due to great tenants, rent stayed low. New lease starts June 1st to May 31, 2024.

Listed by Jacqueline Marino of RE/MAX North Professionals

MLS Number 4946607

• Multifamily
• Units 2
• Acreage 0.21
• Square Feet 2,940

Incredible location with plenty of on-site parking, one block away from UVM & Champlain College Campuses. 201 & 205 (MLS 4946606) South Prospect Street are being marketed for sale together, for $2.3m. They will NOT be sold separately. Impressive rent history, and currently 100% occupied, and leased through 2024. Financials provided to qualified buyers. NDA attached Initial showing: Wednesday March 29th 4-6PM

Listed by Steve Donahue and Meg McGovern of Donahue & Associates,LLC

MLS Number 4946606

• Multifamily
• Units 10
• Acreage 0.23
• Square Feet 5,284

Incredible location with plenty of on-site parking, one block away from UVM & Champlain College Campuses. 201 (MLS 4946607) & 205 South Prospect Street are being marketed for sale together, for $2.3m. They will NOT be sold separately. Impressive rent history, and currently 100% occupied, and leased through 2024. Financials provided to qualified buyers, NDA attached.

Listed by Steve Donahue and Meg McGovern of Donahue & Associates,LLC

MLS Number 4944745

• Multifamily
• Units 2
• Bathroom 2
• Acreage 0.11
• Square Feet 2,352

Built as a two family home, this well-maintained duplex is situated in a wonderful, convenient location. There are two separate entrances for the units as well as a separate staircase to the basement, where new washers and dryers are stationed. Each unit is a 2 bedroom 1 bathroom, with a dedicated dining room and living room space, along with hardwood floors throughout and updated bathrooms. The property still boasts charm from the 1920's, with built-ins, original trim and doors, beautiful wood details and double-hung windows. The full, walk-up attic is easily accessed from the second floor unit and is unfinished but could be remodeled to include an office, guest suite or bonus room. Both units have expansive front porches and smaller back porches. The garage is a two car garage and there is plenty of off-street parking. This could be a great property to be owner occupied while listing the other unit as short term rental.

Listed by Derek Eisenberg of Continental Real Estate Group,Inc.

MLS Number 4944178

• Multifamily
• Bathroom 2
• Units 2
• Acreage 0.04
• Square Feet 1,791

Old North End duplex offering a 3-bedroom, 1.5-bath apartment downstairs plus 1-bedroom, 1-bath upstairs. The downstairs unit had numerous renovations in 2019 and offers laundry in the basement. Separate utilities. Some off street parking. Located directly next door to Barrio Bakery to grab your morning coffee, baked goodie, or quick lunch! Great neighborhood just minutes to other restaurants, a yoga studio, local market, and more! Plus easy access to Church Street Marketplace, the Lake Champlain waterfront, colleges, and UVM Medical Center.

Listed by Lipkin Audette Team of Coldwell Banker Hickok and Boardman

MLS Number 4942613

• Multifamily
• Bathroom 4
• Units 3
• Square Feet 2,816
• Acreage 0.15

Wonderful Burlington, VT North End investment opportunity! With both a duplex-style and a single-family style building located on the same .15 /- acre lot, the property consists of 3 living units that share a huge driveway and parking area. All units are currently leased. The current gross income is $105,600 per year with total tax and operating expenses of $19,053 per year. By June 1, 2023, the seller anticipates income of $111,000 with a net of $91,947 for a cap rate at list price of almost 7%. The duplex features two 3-bedroom apartments with a basement storage area. The single-family style building is located at the back of the lot and offers 4 bedrooms, 2 bathrooms, a nice living area, a big kitchen, and a lovely front deck. Both buildings share a small yard with picnic benches for the tenants' shared enjoyment. Off-street parking is never an issue with the large driveway. Seller has historically repainted and made repairs to the units at each tenant changeout, and the units are in good condition. Seller is in the process of requesting an updated rental compliance inspection. Rental registry is due April 1. A new roof was installed on the duplex in 2021. Seller had 50% of the duplex exterior and 75% of the single-family exterior painted in 2020. The property is just before the intersection of Ward Street and North Ave. Easy access to the bus service, UVM, Champlain College, and hospital.

Listed by Curtis Trousdale and Michael Wrobel of Preferred Properties

MLS Number 4942342

• Multifamily
• Units 3
• Bathroom 3
• Acreage 0.15
• Square Feet 3,067

Excellent location near downtown and UVM. Solid building with great cash flow. Coin op laundry, porch, deck and good parking are a few of the special features. Rents have room to grow.

Listed by Charles C. Burns and Cynthia Burns of BHHS Vermont Realty Group/Burlington