This listing courtesy of Lipkin Audette Team , Coldwell Banker Hickok and Boardman

$639,000

214-216 Pine Street, Burlington, VT 05401

3 baths |
2,658 sqft

Multi-Family Home
Built in 1899
1,742sqft lot
—— car garage
$240/sqft
Listed 8 days ago

Property Description

Exceptional investment opportunity in one of Burlington’s most desirable locations! This well-maintained triplex is just a few blocks from downtown, Church Street Marketplace, the Lake Champlain waterfront, and the vibrant South End Arts District. The property offers three 2-bedroom, 1-bathroom apartments for a total of 6 bedrooms and 3 bathrooms. The rear townhouse-style apartment (Unit C) was extensively remodeled in Spring 2026 with a brand-new kitchen, new flooring, and fresh paint, plus it is currently vacant - making it an ideal option for an owner-occupant or an investor seeking market-rate rent. Unit B has also been updated in recent years, while Units A and B are fully rented. With projected rental income for Unit C, the property offers an attractive 7.9% cap rate. Additional features include separate utilities, one off-street parking space, and ample bike storage. Whether you're a seasoned investor looking to expand your portfolio, a first-time landlord, or a buyer seeking to offset ownership costs by living in one unit while collecting rental income from the others, this property offers flexibility, strong income potential, and an unbeatable Burlington location close to restaurants, shopping, parks, entertainment, and more.

Listing Status:: Active
Date Added:: June 12, 2026
Data Last Updated:: June 20, 2026 at 9:59PM
Listing Office:: Coldwell Banker Hickok and Boardman : 802-863-1500
Listing Agent:: Lipkin Audette Team : 802-846-8800 : team@LipkinAudette.com
MLS ID:: 5094424

Basement: Crawl SpaceUnfinishedExterior Access
Flooring: CarpetLaminateVinyl Plank
A/C: None
Heating: Direct Vent

General: Balcony
Style: Multi-Family
Parking: Parking Spaces 1

Roofing: Asphalt Shingle
General: Wood FrameVinyl SidingStone

Road/Access: PavedPublic
School District: Burlington School District
County: Chittenden

Driveway: Dirt
Zoning: Res-High Intensity

Utilities: Cable Available
Water: Public
Sewer: Public

This listing courtesy of Lipkin Audette Team , Coldwell Banker Hickok and Boardman

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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