Burlington Multi-Family 5+ Units

Looking for a smart way to invest your capital?  Burlington and Chittenden County are some of the most desirable areas for renters in Vermont. Proximity to colleges, hospitals, the Church Street Marketplace and many large employers keep rental demand high and vacancy rates low. Take advantage of this strong rental market by investing in a 5+ unit Multi-Family apartment complex. Below are the active listings of Burlington Multi Family buildings with five or more units in zip codes 05401 and 05408.  Check back often to view the latest listings or sign up for automatic alerts emailed to you daily.

28-32 Park Street Burlington VT 05401

Burlington, VT28-32 Park Street

Price$1,350,000

Est. Mortgage: $/month

MLS Number 4983691

  • Multifamily
  • Units 6
  • Bathroom 6
  • Acreage 0.05
  • Square Feet 4,442

Burlington Investment property in incredible location. Rare opportunity to own a 10 bedroom, 6 unit multi-family in the heart of Burlington. Perched next to Battery Park and and a few blocks from Waterfront Park and Church Street, these units never have a vacancy. The building was fully rebuilt in the 1990's providing modern windows, siding, roof and interior finishes. The 4, two bedroom units sparkle with charm and offer 10 foot ceilings. Hardwood flooring and renovated kitchens throughout. This is a turn-key, income generating property, a must see for investors.

Listed by Erin Dupuis of Vermont Real Estate Company

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$/month over payments
Federal 30-year interest rate: 7.02% last updated on May 16, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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21-25 Elmwood Avenue Burlington VT 05401

Burlington, VT21-25 Elmwood Avenue

Price$2,925,000

Est. Mortgage: $/month

MLS Number 4980375

  • Multifamily
  • Units 19
  • Acreage 0.26
  • Square Feet 9,987
  • PricePerSqFt 292.88

A 19-unit multi-family property in the heart of downtown Burlington, adjacent to the Federal Building/Post Office and within a block of Church Street, holds immense value due to its prime location. The consistent lack of vacancies speaks volumes about the desirability of these units, indicating a strong demand from potential tenants. The property's composition, including a stand-alone single-family 3-bedroom carriage house and the main building with 18 units (one used as a maintenance office), offers diversity and potential for different rental strategies. Moreover, the recent updates, such as the new boiler and hot water tanks, demonstrate a commitment to maintenance and modernization, making the property even more attractive to potential buyers. Given the scarcity of properties of this size and caliber in such a prime location, this opportunity could be highly sought-after by investors looking to capitalize on a stable, income-generating asset in downtown Burlington. Already a 8% cap rate with easy room for improvement.

Listed by Smith Macdonald Group of Coldwell Banker Carlson Real Estate

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%
$/month over payments
Federal 30-year interest rate: 7.02% last updated on May 16, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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61 Elmwood Avenue Burlington VT 05401

Burlington, VT61 Elmwood Avenue

Price$2,395,000

Est. Mortgage: $/month

MLS Number 4980374

  • Multifamily
  • Units 16
  • Bathroom 16
  • Acreage 0.3
  • Square Feet 8,736

The location offers many advantages with its proximity to essential amenities like Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The setup of 16 one-bedroom condos with hardwood flooring and tile, along with off-street parking and laundry facilities, is attractive for tenants. The fact that the property is condominiumized is a significant advantage as it allows potential buyers to sell units individually, which can be a great selling point. Additionally, the ease of renting, managing, and maintaining the property makes it even more appealing. Properties in sought-after areas like this can indeed be rare finds. The location, amenities, and potential for future flexibility could make it a highly desirable investment for real estate investors. The current cap rate is 7%, with the ability to quickly increase the monthly rents within year one of ownership.

Listed by Smith Macdonald Group of Coldwell Banker Carlson Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 7.02% last updated on May 16, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

Virtual TourSave FavoriteSchedule TourAsk A QuestionMore Details

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Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 20, 2024 1:24 PM EDT