94 Mallets Bay Avenue, Winooski, VT 05404

• 3 baths |
• 3,640 sqft

Property Description

Positioned in one of Winooski’s evolving investment corridors, 94 Malletts Bay Avenue offers a compelling opportunity to acquire a three-unit multifamily property with immediate income potential and plenty of room for future upside. Recent renovations and improvements have created a more turnkey investment, allowing a new owner to step into an income-producing asset while still retaining multiple avenues to add value, improve operations, and maximize rents over time. The property features three residential units with practical layouts, including a currently vacant unit that provides immediate flexibility for lease-up, additional improvements, or potential owner occupancy. For the value-add investor, the building offers an attractive foundation for continued cosmetic and property improvements that could further enhance tenant appeal and long-term revenue. Location is a major part of the investment story. Just minutes from vibrant Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, employment centers, shopping, dining, and public transportation, the property sits within an established rental market with excellent regional connectivity. The surrounding corridor continues to evolve, with ongoing investment and longer-term revitalization creating an appealing opportunity to establish a position in the area as it continues to improve. Whether added to an existing portfolio or purchased as a first multifamily investment, 94 Malletts Bay Avenue combines current income, recent improvements, strategic location, and meaningful value-add potential—an increasingly difficult combination to find in the greater Burlington/Winooski market.

Listing Status:

Active

Date Added:

October 2, 2026

Data Last Updated:

November 4, 2026 at 8:04AM

Listing Office:

Signature Properties of Vermont : 802-872-8881

Listing Agent:

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

Contact:

jarahr@signaturepropertiesvt.com

MLS ID:

5112656

Interior

• Basement: Interior StairsUnfinishedInterior Access
• A/C: None
• Heating: Natural GasDirect Vent

Exterior

• Style: Multi-Family

Construction

• Roofing: Membrane
• General: Wood FrameStone

Location

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

Lot

• Driveway: None
• Zoning: GZDN

Utilities

• Utilities: Cable
• Water: Public
• Sewer: Public