Properties Near 230 North Street Burlington, VT

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!

Well-located six-unit property with a balanced mix of studio and one-bedroom apartments, plus an exceptional two-bedroom townhouse. The building has been consistently maintained with a long list of improvements already completed. Residents benefit from ample off-street parking and a shared green space. Strong rental history and a location that keeps demand high. Showings begin Monday December 1.

22-24 Converse Court is located on a dead-end street in a high-demand student rental area near UVM and downtown. Offered at a 10% cap rate, this property is positioned for value-add with some updates needed. 2-car garage plus lots of off-street parking, and fantastic upside potential.

Fully renovated duplex in the sought-after Old North End offering a spacious 4-bedroom unit downstairs plus a 3-bedroom apartment above - an outstanding opportunity for investors and potential for owner-occupant buyers in the 4-bedroom unit come June. Both residences feature updated stainless-steel kitchens with tile backsplash, hardwood flooring throughout, and stylish tiled bathrooms. The 4-bedroom unit includes an impressive bath layout with dual vanities and two, separate, tiled walk-in showers, providing added functionality for larger households. Each unit includes its own laundry, covered porch spaces, and separate utilities for convenience and efficiency. The property also offers plenty of off-street parking and a shared backyard ideal for outdoor enjoyment. Located just minutes from the Lake Champlain waterfront and downtown, this property combines strong rental appeal with an excellent 8.3% cap rate, making it a compelling addition to any investment portfolio.

Turnkey 4-unit investment opportunity in Burlington’s sought-after Old North End. 25 Intervale Avenue offers strong cash flow with a 7.25% cap rate and a well-maintained mix of units featuring classic charm and thoughtful updates. Each apartment showcases attractive hardwood flooring, high ceilings, and abundant natural light, creating bright and inviting living spaces. Updated kitchens include modern cabinetry, solid surface countertops, and newer appliances, while bathrooms have been refreshed for tenant appeal. The property blends historic character—ornate trim, tall windows, and period details—with practical improvements that support low-maintenance ownership. Spacious layouts, clean common areas, and functional floor plans contribute to consistent rental demand. The building’s proximity to downtown Burlington, the waterfront, UVM Medical Center, and local amenities further enhances its desirability for tenants. Whether you’re expanding your portfolio or seeking a stable income-producing asset in a prime location, this property delivers a compelling combination of cash flow, condition, and long-term upside.

Well-maintained and thoughtfully updated three-unit property in a prime Burlington rental location, offering strong income performance and long-term appeal. The building features two spacious three-bedroom units and a newly created one-bedroom apartment on the third floor. Units are currently at or near market rents and operating at an approximate 9% cap rate—without the need for rent increases! First floor unit is rented through May 2027, Second floor unit is leased through May 2026. Both units have seen meaningful improvements, including an upgraded bathroom in the first-floor unit, an expanded kitchen in the second-floor unit, a newer hot water tank, as well as an extended rear stairway and roofline. The third floor has been fully transformed from unfinished storage into a modern one-bedroom apartment featuring a new kitchen, tiled shower bath, spray-foam insulation, energy-efficient lighting, mini-split heating and cooling, and integrated smart-home systems controlling climate, lighting, built-in speakers, music, and security. This unit is currently vacant, allowing flexibility for an owner-occupant or the opportunity to lease a brand-new apartment at prevailing market rates. Additional features include shared laundry and a newly installed full-building fire sprinkler system for safety. Situated in a high-demand location between UVM and Church Street, this is a compelling opportunity for investors, owner-occupants, or parents seeking housing for their college-age children.

Exceptional investment opportunity in the heart of Winooski! This well-maintained, 4-unit apartment building includes two 1-bedroom units and two 2-bedroom units, each offering 1 full bath. All apartments feature hardwood floors, upgraded kitchens with tiled backsplashes and stainless-steel appliances, and nicely finished tiled bathrooms. Every unit has its own laundry and a covered porch - some even enjoy two covered porches - adding to tenant appeal and everyday comfort. Outside, there’s a shared backyard, tandem driveway parking for 2–3 vehicles, and ample street parking. Located just one block from a neighborhood convenience store and close to downtown Winooski and the rotary with its vibrant mix of shops, pubs, and eateries. Minutes to local colleges, I-89, and Burlington. Fully rented with a strong 9.8% cap rate, this property is ideal for a first-time landlord or a seasoned investor looking to expand a thriving portfolio.