Property Details
Basic Information
- MLS Number: 5067151
- List Price: $999,000
- Lot Description: City Lot, Corner, Curbing, Sidewalks, Street Lights, In Town, Near Shopping, Near Public Transportatn, Near Hospital
- Date Listed: 10/24/2025
- Units: 4
- 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.
Building
- Acreage: 0.2
- Square Feet: 2,084
- Year Built: 1932
- Zoning: Residential - Corridor
- Roof: Asphalt Shingle
- Building Construction: Wood Frame, Wood Siding
- Foundation: Poured Concrete
Location
- County: Chittenden
- Town: Burlington
Finance
- Taxes: $10,207
Interior Features
Bathrooms
- Bathrooms: 4
Basement
- Basement: Bulkhead, Unfinished, Exterior Access
Exterior Features
Exterior Features
- Exterior Color: Tan
Utilities and Appliances
Utilities and Appliances
- Utilities: Telephone Available
Community
Schools
- Elementary School: Choice
- High School: Burlington High School
Amenities
- Other Amenities: Basement
- Exterior Amenities: Garden Space, Covered Porch
Other Details
Water
- Water: Public