Properties Near 86-88 Central Avenue 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 property located between UVM and downtown. 5± year old roof. Lots of character and several porches. Great rental history!

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.

Exceptional opportunity in Burlington’s sought-after Lakeside neighborhood, this well-maintained duplex offers flexibility, income potential, and an unbeatable location near Lake Champlain. Ideal for investors, owner-occupants, or families, the property features two bright and inviting units with spacious eat-in kitchens, comfortable living areas, sunny upstairs bedrooms, and efficient mini-split heating and cooling systems. Functional layouts and thoughtful updates make the home equally suited for rental income, multi-generational living, or owner occupancy. Set on a generous lot, the property includes a large backyard, detached two-car garage, and ample off-street parking—rare amenities this close to Burlington’s waterfront and downtown. The expansive yard offers space for entertaining, gardening, pets, or enjoying Vermont summers, while the clean basement provides additional storage and shared laundry access. Families will appreciate the neighborhood setting and nearby parks, while investors will recognize the consistent demand for housing in Burlington’s thriving South End and Lakeside communities. Enjoy the very best of Burlington living just minutes from the Burlington Bike Path, Oakledge Park, and the shores of Lake Champlain. Walk or bike to the Burlington Surf Club, local breweries, coffee shops, restaurants, and the vibrant Pine Street arts district. Downtown Burlington, UVM Medical Center, and area employers are all within easy reach, making this a convenient location for commuters, tenants, and remote workers alike. Whether you’re looking to offset your mortgage with rental income, expand your investment portfolio, or create a flexible living arrangement, this Lakeside duplex is a rare opportunity in one of Burlington’s most desirable neighborhoods.

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.

Well-maintained 4-unit investment property featuring three 2-bedroom apartments and one 1-bedroom unit. Turn-key multi-family property fully leased through May 2027. Located between UVM Campus and downtown, 31-33 Hickok Place is in an exceptional student rental property in an ideal location. Strong financials with separate heat and electricity paid by the tenants. Plenty of off-street parking, on-site coin-op laundry, and large rear decks all contribute to strong tenant appeal and retention. Expansion opportunity into an amazing attic space provides a rare opportunity for added value and reconfiguration. Strong opportunity for investors seeking consistent above market income with the potential to add value in an unparalleled student rental location!

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.