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.

31 Hyde Street Burlington VT 05401

Burlington, VT31 Hyde Street


Est. Mortgage: $/month

MLS Number 4976648

  • Multifamily
  • Units 10
  • Acreage 0.5
  • Square Feet 10,852
  • PricePerSqFt 322.06

An Exceptional Investment Opportunity! This property consists of ten total units, eight 3-bedroom, 1.5-bath condos built in 1985 and a two-story attached duplex constructed in 1930, all within the Opportunity Zone. The interiors of all units have recently received fresh paint, and many boast upgraded flooring. Exterior enhancements include compliance with zoning regulations, such as new sidewalks and curbing, illuminated by energy-efficient LED lighting. The driveway has been leveled for added convenience, and a protective fence now shields the previous surface while enhancing curb appeal. This investment is already above a 6% cap rate, with substantial net operating income (NOI) and 100% occupancy over many years. With minimal investment and strategic rental turnover, there's significant potential to increase the NOI. This can substantially elevate the property's overall valuation. Moreover, an exceptional management company is in place to expertly navigate the property's operations, drive revenue, and ensure a hassle-free investment experience. Take advantage of this outstanding opportunity for a high-yield, value-increasing investment.

Listed by Smith Macdonald Group of Coldwell Banker Carlson Real Estate

$/month over payments
Federal 30-year interest rate: 7.03% last updated on Dec 7, 2023
* 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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Copyright 2023 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 December 10, 2023 3:53 AM EST