290-292 North Street, Burlington, VT 05401

• 4 baths

Property Description

This listing courtesy of Paul Cannizzaro, Cannizzaro Real Estate

Enjoy a 7.7% cap rate on this well-Maintained 4-Unit Investment Property in Prime Burlington Location. This 4-unit multifamily property includes two spacious two-bedroom units and two one-bedroom units. The two-bedroom units are occupied by long-term tenants on month-to-month status, with rents currently below market—offering strong upside potential. A one bedroom unit will be available starting Feb 1, 2026 making this a perfect owner occupied opportunity letting the income from the other units pay your mortgage! Recent upgrades include new boilers and hot water tanks installed in 2023. The building is clean, with coin-operated laundry and tenant storage in the basement.Tenants enjoy the convenience of off-street parking, nearby public transportation, and a location just minutes from the University of Vermont, UVM Medical Center, and downtown Burlington. A solid investment with stable income and room for growth.Seller is licensed Broker

Listing Status:

Active

Date Added:

July 10, 2025 at 05:00AM

Listing Office:

Cannizzaro Real Estate : 802-862-9700

Listing Agent:

Paul Cannizzaro : 802-862-9700

MLS ID:

5050952

Interior

• Appliances: Electric Water HeaterWater Heater off BoilerOwned Water Heater
• Basement: BulkheadConcrete Floor
• Flooring: CarpetVinyl
• A/C: None
• Heating: Natural Gas

Exterior

• General: Covered PorchEnclosed Porch
• Style: Apartment Building

Construction

• Roofing: Architectural Shingle
• General: Wood FrameStone

Location

• Road/Access: Public
• County: Chittenden

Lot

• Driveway: Paved
• Zoning: Res Med density

Utilities

• Utilities: Cable AvailableUnderground Gas
• Water: Public
• Sewer: Public

This listing courtesy of Paul Cannizzaro, Cannizzaro Real Estate