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Courtesy of Michael Preseau of CENTURY 21 North East: .

40 North Main Street

Alburgh, VT 05440
  • $519,000
  • STATUS: Active
  • ON SITE: 10 Days
  • MLS #: 5044606
UPDATED: 19 min ago
$519,000
  • 8
    BEDS
  • 0.26
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 6,524
    SQFT
  • $80
    $/SQFT
Type:
Multi-Family
Built:
1901
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality. First floor unit was completely renovated and a New Heating system was installed for entire building in 2022 With a mix of two and three-bedroom layouts, these units feature large windows that fill the living spaces with natural light, along with updated kitchens and bathrooms that cater to modern living needs. The inviting living areas create a warm atmosphere, making each apartment a desirable place to call home. Its prime location that provides easy access to local amenities, including shops, restaurants, and recreational facilities, making it a sought-after spot for renters. With a current cap rate of 8.6% the potential for steady rental income and appreciation in this charming Vermont community, 40 North Main St is a smart investment that combines comfort, convenience, and opportunity. Dont miss your chance to own this multi-family gem in Alburgh!

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© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 2025-06-15T20:06:26.68.
www.livingvermont.com/homes/164538497
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40 North Main Street Alburgh, VT 05440

  • Price: $519,000
  • Status: Active
  • On Site: 10 Days
  • Updated: 19 min ago
  • MLS #: 5044606
8
Beds
3
Baths
0
½ Baths
0.26
Acres
6,524
SQFT
$80
$/SQFT
1901
Built
County:
Grand Isle
Area:
Alburgh
Elementary School:
Alburgh Community Ed. Center
Middle School:
Choice
High School:
Choice
School District:
Grand Isle School District
Property Description
Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality. First floor unit was completely renovated and a New Heating system was installed for entire building in 2022 With a mix of two and three-bedroom layouts, these units feature large windows that fill the living spaces with natural light, along with updated kitchens and bathrooms that cater to modern living needs. The inviting living areas create a warm atmosphere, making each apartment a desirable place to call home. Its prime location that provides easy access to local amenities, including shops, restaurants, and recreational facilities, making it a sought-after spot for renters. With a current cap rate of 8.6% the potential for steady rental income and appreciation in this charming Vermont community, 40 North Main St is a smart investment that combines comfort, convenience, and opportunity. Dont miss your chance to own this multi-family gem in Alburgh!
Exterior Features

Architectural Style Apartment Building Color White Construction Materials Wood FrameVinyl SidingWood Siding Driveway Paved Has Garage Yes Lot Features SidewalksIn Town Road Frontage Yes Road Frontage Length 140 Roof Shingle - Asphalt

Interior Features

Basement Access Type Interior Basement Description Unfinished Cooling None Foundation Stone Has Basement Yes Heating BaseboardHot Water Total Ranges 3 Total Refrigerators 3 Total Water Heaters 3 Unit1 Approx Sq Ft 1550 Unit1 Baths 1 Unit2 Approx Sq Ft 816 Unit2 Baths 1 Unit3 Approx Sq Ft 1200 Unit3 Baths 1

Property Features

Construction Status Existing Electric 200 Amp Flood Zone No Foreclosed / Bank Owned / REO No Gross Income 79800 Pre Construction No Road Frontage Type Public Seasonal No Separate Utilities No Sewer Public Tax Gross Amount 4693.99 Tax Year 2025 Taxes Tbd No Total Leases 3 Total1 Bed Units 0 Total2 Bed Units 1 Total3 Plus Bed Units 2 Unit1 Info DryerRange - ElectricRefrigeratorWasher Unit1 Rental Amount 2300 Unit1 Tenant Pays Internet ServiceTV Service Unit2 Info Range - ElectricRefrigerator Unit2 Rental Amount 1850 Unit2 Tenant Pays Internet ServiceTV Service Unit3 Info DishwasherRange - ElectricRefrigerator Unit3 Rental Amount 2500 Unit3 Tenant Pays Internet ServiceTV Service Utilities Cable - At Site Water Source Public Zoning none

Courtesy of Michael Preseau of CENTURY 21 North East: .


© Copyright 2025 PrimeMLS. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 2025-06-15T20:06:26.68.
 
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553 Roosevelt highway suite 200
Colchester VT, 05446