Winooski, VT | 82 Hickok Street

Strong Burlington real estate investment opportunity. Located at the gateway to downtown, this updated and well-maintained 4-unit property offers 2,084 finished square feet on a .13-acre lot. The property features a mix of desirable studio and two-bedroom units with newer kitchens, bathrooms, and fresh paint, creating clean, modern living spaces. Additional tenant amenities include off-street parking and on-site laundry. Major building improvements include a new roof installed in 2023 and new boiler installed in summer 2026. With its exceptional location, attractive unit mix, updated interiors, and recent major systems upgrades, this property offers a compelling combination of tenant appeal and long-term investment potential.

Positioned in one of Winooski’s evolving investment corridors, 94 Malletts Bay Avenue offers a compelling opportunity to acquire a three-unit multifamily property with immediate income potential and plenty of room for future upside. Recent renovations and improvements have created a more turnkey investment, allowing a new owner to step into an income-producing asset while still retaining multiple avenues to add value, improve operations, and maximize rents over time. The property features three residential units with practical layouts, including a currently vacant unit that provides immediate flexibility for lease-up, additional improvements, or potential owner occupancy. For the value-add investor, the building offers an attractive foundation for continued cosmetic and property improvements that could further enhance tenant appeal and long-term revenue. Location is a major part of the investment story. Just minutes from vibrant Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, employment centers, shopping, dining, and public transportation, the property sits within an established rental market with excellent regional connectivity. The surrounding corridor continues to evolve, with ongoing investment and longer-term revitalization creating an appealing opportunity to establish a position in the area as it continues to improve. Whether added to an existing portfolio or purchased as a first multifamily investment, 94 Malletts Bay Avenue combines current income, recent improvements, strategic location, and meaningful value-add potential—an increasingly difficult combination to find in the greater Burlington/Winooski market.

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!

This property will not disappoint you! It is very well maintained and with both units being vacant, it offers numerous owner occupied or straight investor options. Unit A is 1008 SF, has 3 bedrooms, enclosed front porch, and full basement. Although it is the original structure on the property, it has been extensively renovated throughout in 2009-2010. Unit B was a newly constructed addition to the main house from the foundation up in 2002 - it is extremely spacious with 2508 SF, central air conditioning, 3 bedrooms, 2 baths, 2 additional large rooms that could be used as family rooms or office space, and a rear covered porch. All the rooms in the larger Unit B are very spacious! Almost all the appliances including washers and dryers are either new or brand new within the last year. The 2 car garage could be used by both or only one unit (it has direct interior access to the larger Unit B). The huge rear yead is fenced and has a large 12 X 14 shed. The driveway is newly seal-coated and offers generous multiple car parking. This property is very unique and has potential for many different living arrangements. Come check it out, you won't be disappointed! (The City of Winooski has averaged the ages of the various sections of the property and calculated the "effective age" as 1978, but as referenced above, Unit A was extensively renovated in 2009-2010 and the 2508 square foot addition (Unit B) was a new addition in 2002.)

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!

Prime Downtown Burlington Student Rental with a 9% + Cap Rate - This large legal duplex located between UVM Campus and Downtown offers 6+ spacious bedrooms and 2 full bathrooms. Currently rented as a single-family home to college students for $8,050/month, it features two kitchens, generous storage, laundry in the basement, off-street parking, and a spacious patio and yard perfect for entertaining or relaxing. Unbeatable location - just blocks from the Church Street Marketplace and UVM/UVM Medical Center. Enjoy easy access to Burlington's colleges, I-89, and the Lake Champlain waterfront.

Prime Burlington Location! This brick, 5-unit, multi-family property offers easy access to UVM, downtown Burlington, and nearby shopping and dining options. Featuring a mix of studio, 1, and 2-bedroom apartments, updated interiors, and off-street parking. Tenants pay their own heat and electricity, and current rents offer strong upside potential. A turnkey investment opportunity with appeal to both investors and owner-occupant buyers! Take advantage of this Burlington investment property opportunity and invest in Burlington's rental market - qualified buyers schedule your showing today!