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Listed by Paul Cannizzaro • Cannizzaro Real Estate
$ 699,000
Est. payment /mo
Active
290-292 North ST Burlington, VT 05401
6 Beds
4 Baths
2,766 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,766 sqft
Price per Sqft $252
MLS Listing ID 5050952
Bedrooms 6
Full Baths 4
Construction Status Existing
Year Built 1899
Annual Tax Amount $12,426
Tax Year 25
Lot Size 6,534 Sqft
Acres 0.15
Property Description
Enjoy a 7.7% cap rate on this well-Maintained 4-Unit Investment Property in Prime Burlington Location. This 4-unit multifamily property includes two spacious two-bedroom units and two one-bedroom units. The two-bedroom units are occupied by long-term tenants on month-to-month status, with rents currently below market—offering strong upside potential. A one bedroom unit will be available starting Feb 1, 2026 making this a perfect owner occupied opportunity letting the income from the other units pay your mortgage! Recent upgrades include new boilers and hot water tanks installed in 2023. The building is clean, with coin-operated laundry and tenant storage in the basement.Tenants enjoy the convenience of off-street parking, nearby public transportation, and a location just minutes from the University of Vermont, UVM Medical Center, and downtown Burlington. A solid investment with stable income and room for growth.Seller is licensed Broker
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning Res Med density
Rooms
Basement Entrance Walk-up
Basement Bulkhead, Concrete Floor
Interior
Cooling None
Flooring Carpet, Vinyl
Exterior
Utilities Available Cable Available, Underground Gas
Roof Type Architectural Shingle
Building
Story 2
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
