Alburgh, VT | 40 North Main Street

$519,000
MLS#: 5044606
4
# of Units
6,524
Total Sq. Feet
0.26
Acres
$4,694
Taxes
1 of 19

General Property Information

Price:
$519,000
County:
VT-Grand Isle
Acres:
0.26
Property Type:
Multi-Family
Property Status:
Active
# of Units:
4
Agency/Brokerage:
Michael Preseau
CENTURY 21 MRC

Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality. First floor unit was completely renovated and a New Heating system was installed for entire building in 2022 With a mix of two and three-bedroom layouts, these units feature large windows that fill the living spaces with natural light, along with updated kitchens and bathrooms that cater to modern living needs. The inviting living areas create a warm atmosphere, making each apartment a desirable place to call home. Its prime location that provides easy access to local amenities, including shops, restaurants, and recreational facilities, making it a sought-after spot for renters. With a current cap rate of 8.6% the potential for steady rental income and appreciation in this charming Vermont community, 40 North Main St is a smart investment that combines comfort, convenience, and opportunity. Don’t miss your chance to own this multi-family gem in Alburgh!

Features

Property Type:
Multi-Family
# of Units:4
Subdivision Name:
Year Built:
1901
Parking:
Road Frontage:
140
Acres:0.26
Gross Income:
79,800
Annual Expenses:
0
# of Gas Meters:
# of Electric Meters:
0
Sq Ft (Above Ground):
6524
Sq Ft (Below Ground):
0
Total Sq Ft:
6524
Land Description:Sidewalks,In Town
Elementary School:
Alburgh Community Ed. Center
Middle School:
Choice
High School:
Choice
Financing Details:
Documents Available:

Unit Information

Unit 1

#Rooms:
0
#Bedrooms:
3
#Baths:
1
Sq. Ft.:
1550
Floor:
2
Unit Style:
Monthly Rent:
2300.00

Unit 2

#Rooms:
#Bedrooms:
2
#Baths:
1
Sq. Ft.:
816
Floor:
2
Unit Style:
Monthly Rent:
1850.00

Unit 3

#Rooms:
#Bedrooms:
#Baths:
1
Sq. Ft.:
1200
Floor:
1
Unit Style:
Monthly Rent:
2500.00

Unit 4

#Rooms:
#Bedrooms:
#Baths:
Sq. Ft.:
Floor:
Unit Style:
Monthly Rent:
0.00

Other Information

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company
List Date:
2025-06-04
Last Updated:

Stowe Office

Pall Spera

(P) 802.253.9771
(F) 802.253.9993
email

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