Properties Near 56 Wright Avenue Burlington, VT

**Prime Burlington Investment Opportunity!** Perfectly positioned in one of Burlington's most desirable downtown locations, this classic 4-unit multi-family property offers investors an exceptional opportunity to own a piece of the city's history while unlocking significant upside potential. Just a short stroll to the scenic shores of Lake Champlain, Waterfront Park, Church Street Marketplace, the Burlington Bike Path, restaurants, shopping, entertainment, and UVM, this location continues to attract strong rental demand year after year. This well-maintained building blends timeless character with outstanding value-add potential. Two apartments are currently occupied, while two additional units have recently been refreshed and are turnkey, rent-ready, and actively being marketed for new tenants. Another long-term occupied unit presents an excellent opportunity for future cosmetic improvements and increased rental income upon turnover. Current gross rental income is approximately **$110,100 annually**, with projected rents nearing **$126,300**, offering investors a clear path to increased cash flow through continued optimization. At the current asking price, the property offers an attractive **6.64% cap rate**, with the potential to achieve approximately a **7.84% cap rate** once stabilized at market rents. Financials also reflect strong upside through strategic management and continued improvements. Whether you're expanding an existing portfolio, completing a 1031 exchange, or seeking a value-add investment in one of Vermont's strongest rental markets, this property checks all the boxes with an unbeatable location, immediate income, future appreciation potential, and significant room to maximize returns. Opportunities like this in the heart of Burlington are increasingly difficult to find—don't miss your chance to capitalize on this exceptional investment.

Spacious 14-bedroom duplex in a prime Burlington location! Recently painted and well-maintained, this unique property offers incredible versatility. Just minutes from UVM and the hospital, it has been successfully operated as a hostel in recent years, making it a proven income-generating opportunity. With ample space and a highly desirable location, this property is perfect for investors, group housing, or continued hospitality use. Don’t miss this rare opportunity in one of Burlington’s most sought-after areas!

Incredible opportunity to own a beautifully updated 3-unit property in Burlington’s highly desirable South End, offering stunning views of Lake Champlain from each apartment. This well-maintained building features three one-bedroom units, each thoughtfully upgraded with quality finishes and modern systems. Recent improvements include all new windows, Therma Tru exterior doors, and new flooring throughout. The bathrooms have been tastefully updated with tiled showers, and the property benefits from a new electrical service, upgraded plumbing, and an on-demand hot water system (2026). Additional highlights include energy-efficient mini-split systems, professional insulation for year-round comfort, and newly constructed covered porches with durable Trex decking perfect for taking in the lake views. Ideally located, this property offers easy access to the Burlington Bike Path, University of Vermont Medical Center, and the vibrant Church Street Marketplace. Enjoy close proximity to the Burlington waterfront, along with an array of local shops, restaurants, and all that downtown Burlington has to offer.A rare opportunity to own a turnkey multi-family property in one of Burlington’s most sought-after neighborhoods.

Renovated Burlington Triplex. This 3-unit property with 5 bathrooms offers a strong opportunity for investors or buyers looking for rental income near the University of Vermont. Featuring 11 bedrooms, the building is fully rented and has been thoughtfully renovated with updated kitchens, bathrooms, heating systems, flooring, and interior finishes. Located just across the Winooski River, the property provides easy access to UVM, the UVM Medical Center, downtown Burlington, and Winooski's growing restaurant and retail district. Investors searching for a turn-key Burlington multi-family with stable rental income will appreciate the recent improvements and high-demand location.

Well-located, 6-unit, brick multi-family property just moments from the Church Street Marketplace, with immediate access to downtown Burlington's coveted retail, dining, and employment hubs. The desirable apartment mix includes five 1-bedroom apartments and one 4-bedroom unit, offering flexibility across tenant profiles and strong rental demand! Recent capital improvements include updated electrical systems with separate panels for each unit. Tenants pay their own heat and electricity for low owner's operating expenses. Additional features include front and rear porches, a large full basement for storage, and a current Certificate of Occupancy from the City valid through 2031. A centrally located, turn-key multi-family with long-term potential in Burlington's core rental market.