Properties Near 44 Drew Street Burlington, VT

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.

Excellent location right between UVM and downtown. Loads of parking with a detached single car garage. The building has a sprinkler system. Good sized units make them simple to rent!