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Joshua Matthews

joshua.matthews@nemoves.com +1(603) 781-4030

Listed by Blake M Gintof • Signature Properties of Vermont • jarahr@signaturepropertiesvt.com

$ 1,249,900

Est. payment | -/mo

10 Beds

4 Baths

4,198 SqFt

Save

$ 1,249,900

Est. payment | -/mo

Save

10 Beds

4 Baths

4,198 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,198 sqft

Price per Sqft $297

MLS Listing ID 5098360

Bedrooms 10

Full Baths 4

Construction Status Existing

Year Built 1899

Annual Tax Amount $14,470

Tax Year 2026

Lot Size 1,306 Sqft

Acres 0.03

Property Description

**Prime Burlington Investment Opportunity!** Perfectly positioned in one of Burlington's most desirable downtown locations, this classic 4-unit multi-family property offers investors an exceptional opportunity to own a piece of the city's history while unlocking significant upside potential. Just a short stroll to the scenic shores of Lake Champlain, Waterfront Park, Church Street Marketplace, the Burlington Bike Path, restaurants, shopping, entertainment, and UVM, this location continues to attract strong rental demand year after year. This well-maintained building blends timeless character with outstanding value-add potential. Two apartments are currently occupied, while two additional units have recently been refreshed and are turnkey, rent-ready, and actively being marketed for new tenants. Another long-term occupied unit presents an excellent opportunity for future cosmetic improvements and increased rental income upon turnover. Current gross rental income is approximately **$110,100 annually**, with projected rents nearing **$126,300**, offering investors a clear path to increased cash flow through continued optimization. At the current asking price, the property offers an attractive **6.64% cap rate**, with the potential to achieve approximately a **7.84% cap rate** once stabilized at market rents. Financials also reflect strong upside through strategic management and continued improvements. Whether you're expanding an existing portfolio, completing a 1031 exchange, or seeking a value-add investment in one of Vermont's strongest rental markets, this property checks all the boxes with an unbeatable location, immediate income, future appreciation potential, and significant room to maximize returns. Opportunities like this in the heart of Burlington are increasingly difficult to find—don't miss your chance to capitalize on this exceptional investment.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning NMU

Rooms

Basement Entrance Interior

Basement Interior Stairs, Unfinished, Interior Access, Basement Stairs

Interior

Cooling None

Exterior

Utilities Available Cable

Roof Type Flat,Membrane,Asphalt Shingle

Building

Story 3

Sewer Public

Architectural Style Multi-Family, Multi-Level

Construction Status Existing

Schools

School District Burlington School District

Nearby Locations

GET MORE INFORMATION

Joshua Matthews

Broker-Associate | Lic# NH-056795 | ME-BA908969

joshua.matthews@nemoves.com

+1(603) 781-4030

111 Maplewood Ave Ste C, Portsmouth, NH, 03801

24-28 North ST Burlington, VT 05401

Joshua Matthews

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

24-28 North ST