41-47 West Center Street, Winooski, VT 05404

• 9 baths

Property Description

An exceptional investment opportunity in the heart of Winooski! Perfectly positioned in one of the city’s most desirable and walkable areas, this prime multi-unit property is just steps from everything that makes this city so vibrant — restaurants, shops, river access, entertainment, and more. The property currently consists of a well-maintained 9-unit income-producing building with a strong rental history and a healthy NOI of $104,589.68. The unit mix features a combination of reliable long-term tenants, flexible month-to-month occupants, and extended-stay residents, offering both stability and adaptability. Current rents are below market, presenting immediate value-add potential through strategic increases and operational optimization. The property has also proven highly successful as a short-term rental, previously performing well on Airbnb and Furnished Finder platforms. In addition to its strong in-place income, this offering presents extraordinary redevelopment potential. With zoning that supports a 5-story building, investors have the opportunity to significantly increase unit count and unlock substantial future upside in one of Winooski’s most sought-after locations. An added bonus is the separate structure at 37 Mayo Street, currently vacant following a recent fire. With vision and renovation, this building could be restored to create an additional income-generating unit, further enhancing overall returns. Whether you’re seeking immediate cash flow, long-term appreciation, redevelopment opportunity, or a combination of all three, this is a rare chance to secure a high-performing asset with tremendous growth potential. Seller is also willing to offer owner financing to a qualified buyer with just 20% cash down at closing, creating a rare and attractive opportunity for investors seeking flexible acquisition terms while securing a high-performing asset.

Listing Status:

Pending

Date Added:

February 24, 2026

Data Last Updated:

March 22, 2026 at 1:59AM

Listing Office:

Signature Properties of Vermont : 802-872-8881

Listing Agent:

Blake M Gintof : 802-872-8881 : BlakeG@SignaturePropertiesVt.com

MLS ID:

5077413

Interior

• Appliances: Owned Water HeaterSeparate Water HeaterTankless Water Heater
• Flooring: Combination
• A/C: None
• Heating: Natural Gas

Exterior

• Style: Multi-Family
• Parking: Off StreetOn-SiteParking Spaces 11 - 20Unassigned

Construction

• Roofing: Metal
• General: Vinyl SidingBrickConcreteStone

Location

• Road/Access: Public
• School District: Winooski School District
• County: Chittenden

Lot

• Driveway: Gravel
• Zoning: R-C

Utilities

• Utilities: CablePhone
• Water: Public
• Sewer: Public