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, recent capital improvements, and prime Burlington location, this property presents a turnkey investment opportunity offering immediate income and lasting stability.
0.2 Private Acres Lot Size
investment
Built in 1932
MLS/Listing ID 5067151
4 Units
Heating - Baseboard
Lot - Near Public Transit
Lot - Corner Lot
Lot - City Lot
Parking - Unassigned
Parking - Paved
Parking - On Street
Parking - Off Street
Parking - Driveway
Natural Gas Water Heater
Poured Concrete
Lot - Sidewalks
Lot - Street Lights
Style - Multi Family
Construction - Wood Siding
Construction - Wood Frame
Garden
Tile
Hardwood
Carpet
Heating - Natural Gas
TOTAL MONTHLY COST
$0
$0
$0