Properties Near 476-478 Saint Paul Street Burlington, VT

All units are fully occupied! Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with all of the units rented- perfect for both investors and owner-occupants seeking steady income and long-term growth. Conveniently located near Shelburne Road, Pine Street, and downtown Burlington, enjoy easy access to shopping, dining, local events, recreation, UVM and Champlain College campuses, the UVM Medical Center, and the local bus line for effortless commuting. The property includes two studio apartments and two 2-bedroom units, each thoughtfully updated to attract quality tenants and minimize future maintenance. Unit 476 #1 features two bedrooms, an updated ¾ bathroom with a custom tiled shower, and a refreshed kitchen. Unit 478 #1 also offers two bedrooms, a new kitchen and bathroom, and fresh paint throughout. Units 476 #2 and 478 #2 are spacious studios with convenient mudroom entries and updated kitchens and bathrooms- 478 #2 recently received extensive improvements, including new finishes and fixtures. Major building upgrades provide peace of mind and long-term value, including a new roof installed in November 2023 and a new boiler replaced in 2025. Tenants also enjoy access to a shared laundry room at no cost. With its excellent condition, recent capital improvements, and prime Burlington location, this property presents a turnkey investment opportunity offering immediate income and lasting stability.

Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit 3-level fully permitted property on St. Paul Street offers strong cash flow and good tenants who respect the building. The building features two 1-bedroom units on the first floor and two spacious 3-bedroom units on the upper levels, with two levels of living space. Upstairs units enjoy private decks off the kitchens, while the first-floor flats each have rear porches opening to a shared, private backyard — a rare find in this location. Tenants also benefit from basement storage and shared laundry, as well as multiple heating sources for year-round comfort. Newly updated bathroom in the first-floor unit. With a walkable location close to downtown, the waterfront, colleges, public transit, and all the restaurants and shops Burlington has to offer, this property is convenient. Whether you’re expanding your portfolio or looking for a stable income-producing asset, this one checks all the boxes.  From the owner: "When I bought the building in 1999, it was structurally sound but dated, with cheap 1980s renovations showing wear. With construction experience and summers free as a professor, I made updating it my passion project—improving it piece by piece each year. After renovating our nearby home from 2008 to 2019, I returned to the building and completed high-end kitchen and bath upgrades throughout. My goal was to create inspired, artistic spaces with custom details—not typical rental finishes. With the final bathroom in Apt. #1 complete, this chapter is now closed, and I’m ready to move on to a new project!" Time of Sale Inspection and Certificate of Occupancy is completed and compliant. New windows on the third floor & exterior trime repainted -2025.

Excellent investment property located between UVM and downtown. 5± year old roof. Lots of character and several porches. Great rental history!