Properties Near 173-179 South Prospect Street Burlington, VT

Opportunity awaits with this unique 7-unit investment property in the heart of Burlington. Situated directly across from beautiful Ethan Allen Park, thisrare offering includes six townhouse-style apartment units plus a separate single-family home, creating strong income potential and flexible rental opportunities. Four ofthe units have recently been extensively updated, including new flooring, new kitchens and new paint over the past several years.The expansive parking area providesample off-street parking for tenants and guests alike. Tenants will love the unbeatable location with nature, recreation, and convenience all at their doorstep. Enjoyimmediate access to walking trails, scenic overlooks, playgrounds, and green space at Ethan Allen Park, while still being just minutes from downtown Burlington, theUniversity of Vermont, University of Vermont Medical Center, local restaurants, shopping, breweries, and the Burlington Bike Path along Lake Champlain. Easy access tomajor roadways and public transportation adds even more appeal for long-term tenants. Whether you’re looking to expand your portfolio or invest in one of Burlington’smost desirable locations, this property offers exceptional potential in a highly sought-after setting. The property is in the Neighborhood Activity Center Zoning Districtwhich offers even further redevelopment potential, reach out for more specific details!

So much to love in this unique and historic character-filled home. Originally built for a member of Vermont’s founding Ethan Allen family, this exceptional Burlington property is beautifully maintained with modern updates. Situated on over a half acre, the backyard is a private oasis with mature shade trees, ample perennial gardens, patios, and artisanal stone walls. With three complete renter-ready units, the property could be owner-occupied, a dedicated income property, or easily restored to a stately single residence. A great setup for multi-generational living with three distinct living spaces, all with internal and exterior access. The central residence, with a brand-new kitchen, offers over 2,500 square feet with 3+ bedrooms brimming with unique features. Its third-floor balcony offers stunning sunset views of the Adirondack Mountains. Two-story kitchen windows face west over the backyard and illuminate the heart of the home. On the south end of the structure, a lovely two-bedroom apartment was recently updated and is flooded with natural light. This two-story unit with two bedrooms has a separate designated driveway and exterior entrance, lending it added privacy. Interior access to this unit from the central residence allows it to be incorporated into the main residence or used as an in-law suite, caretaker or overflow space for family and guests. The “artist’s studio” on the north side of the structure was architecturally designed and built in 2009, with a kitchen added in 2018. A spacious two-bedroom apartment, it is connected to the central residence by a delightful sky bridge. It also enjoys direct and private access to the driveway and garden from the ground floor. A barn-style two-car garage with gambrel roofs and unique siding offers second-floor loft space waiting for the next buyer's vision! Easy access to Downtown Burlington, the waterfront, the University of Vermont, the UVM Medical Center, and Champlain College.