Description
Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with three of the four units currently 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.
-
4BEDS
-
0.2ACRES
-
4BATHS
-
01/2 BATHS
-
2,084SQFT
-
$479$/SQFT
School Information
Description
Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with three of the four units currently 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.
© Copyright 2026 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 2026-02-14T15:05:40.32.
Courtesy of Elise Polli of Polli Properties: .