Winooski, VT | 94 Mallets Bay Avenue

Excellent investment property located between UVM and downtown. 5± year old roof. Lots of character and several porches. Great rental history!

Rare opportunity to own a 1991-built duplex in Burlington, a hard-to-find, newer multifamily property offering strong investment potential in a convenient location. This up-and-down duplex features two nearly identical units, each with 4 bedrooms and 1 full bath. A full poured-concrete basement provides secure locked storage for each unit, common laundry and both interior and exterior access. Significant improvements within the last six years include a newer roof and two on-demand boilers, contributing to the property's low operating costs and energy efficiency. Conveniently located on the bus line and close to downtown Burlington, Winooski, the waterfront, UVM Medical Center and BTV Airport, with popular restaurants and shopping nearby. Easy access to I-89 makes commuting throughout Chittenden County simple. An excellent opportunity for investors, multigenerational living or an owner-occupant looking to offset expenses with rental income in Burlington's sought-after rental market.

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.

Pride of ownership is evident throughout this meticulously maintained four-unit property, ideally located on a dead-end street near downtown Burlington. The building offers a versatile mix of two 1-bedroom apartments, one 2-bedroom apartment, and 1 studio, with bright, light-filled interiors, hardwood flooring, and updated kitchens. A rare four-car garage with power provides valuable additional space, while on-site coin-operated laundry adds convenience for residents. Well-suited for an owner-occupant or investor, this property offers flexibility for student or non-student rentals and represents a strong opportunity in a desirable Burlington location.

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.)