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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Chad Dion Chad Dion Real Estate

$ 1,195,000

Est. payment -/mo

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Active

86 North Union ST Burlington, VT 05401

10 Beds

3 Baths

2,632 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,632 sqft

Price per Sqft $454

MLS Listing ID 5095537

Style Multi-Family

Bedrooms 10

Full Baths 3

Construction Status Existing

Year Built 1925

Annual Tax Amount $16,245

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Property Description

Fully Leased Burlington Triplex Near UVM | 8.0% Cap Rate | 10 Bedrooms Rare opportunity to acquire a fully leased 3-unit multifamily investment property in Burlington, Vermont, located just 4.5 blocks from the University of Vermont and within walking distance of Downtown Burlington. Offering an attractive 8.0% cap rate, this turnkey investment features 10 bedrooms across three units and is fully leased through May 2028 with signed leases and parental co-signers in place. Positioned in one of Burlington's strongest rental markets, the property benefits from consistent demand driven by its proximity to UVM, downtown employment centers, restaurants, entertainment, and public transportation. The building maintains a strong occupancy history and is currently 100% occupied. Property features include: 3-unit multifamily / triplex 10 total bedrooms 8.7% cap rate Fully leased through May 2028 Signed leases with parental co-signers 7 off-street parking spaces, including detached garage Coin-operated laundry for additional income Hardwood floors throughout Original built-in cabinetry and woodwork Three porches No-smoking property No-animal policy Strong rental history and occupancy record Operating expenses are enhanced by tenant-paid utilities, with tenants responsible for electricity, natural gas heat, and internet service. This Burlington multifamily investment combines stable cash flow, strong in-place income, and long-term appreciation potential in a highly desirable walk-to-campus location. The combination of an 8.7% cap rate, 10-bedroom configuration, ample parking, tenant-paid utilities, and leases secured through May 2028 makes this a compelling opportunity for investors seeking immediate returns and predictable income. Investment Highlights Burlington, Vermont University of Vermont (UVM) location Walk-to-campus investment property Fully leased through May 2028 8.7% cap rate 100% occupied Tenant-paid utilities Coin-operated laundry income Downtown Burlington

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning R3

Rooms

Basement Bulkhead, Concrete Floor, Interior Access, Unfinished

Interior

Heating Natural Gas, Baseboard, Hot Water, Monitor Type

Cooling None

Exterior

Parking Features Yes

Garage Spaces 1.0

Utilities Available Underground Utilities

Roof Type Asphalt Shingle

Building

Lot Description City Lot, Corner, Near Public Transport

Story 2

Sewer Public

Water Public

Architectural Style Multi-Family

Construction Status Existing

Schools

School District Burlington School District

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

86 North Union ST Burlington, VT 05401

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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86 North Union ST