Enjoy a 7.7% cap rate on this well-Maintained Investment Property in a 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, 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 areas.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

More Info

Tax Information

Tax Year25

Basic Information

StatusPEN
List Price$699,000
Date Price Change01/06/2026
MLS Number5073153
MLS StatusPending

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningRes Med density
Address290-292 North Street
Flood Zone Y/NNo

Building

Year Built1899
Building ConstructionWood Frame
StyleApartment Building
Units4
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 1 Floor Location1
Unit 1 Total Rooms3
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Floor Location2
Unit 2 Styleflat
Unit 2 Total Rooms3
Unit 3 Bath1
Unit 3 Bedrooms2
Unit 3 Floor Location1
Unit 3 Styleflat
Unit 3 Total Rooms4
Unit 4 Bath1
Unit 4 Floor Location2
Unit 4 Styleflat
Unit 4 Total Rooms4
# of 1 Bedrooms2
# of 2 Bedrooms2
Bathroom4
Total Baths4
BasementBulkhead, Concrete Floor
FoundationStone

Property

Acreage0.15
GarageNo
Parking Spaces
Lot DescriptionCity Lot, Near Public Transportatn
Square Feet2,766
APX Fin AG Sqft2,766
Road Frontage61
RoadsPublic
AreaVT-Chittenden

Interior

FloorsCarpet, Vinyl

Exterior

RoofArchitectural Shingle
Exterior ColorWhite

Utilities

Heat SystemNatural Gas
WaterPublic
Water HeaterElectric Water Heater, Water Heater off Boiler, Owned Water Heater
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable Available, Underground Gas

Amenities

Exterior AmenitiesCovered Porch, Enclosed Porch
PricePerSqFt252.71

Other

Taxes$12,426
Tax Year Notes25-26
Seasonal Y/NNo
Operating Expenses10434
TrashDumpster
Date Listed01/06/2026
Unit 1 Deposit$1,500
Unit 2 Rent Amount$1,500
Unit 3 Rent Amount$1,750
Unit 4 Rent amount$1,650
View Count1

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated February 13, 2026 5:25 PM EST

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