Burlington, VT | 380-382 North Avenue

$1,095,000
MLS#: 5112910
6
# of Units
7,039
Total Sq Ft
0.3
Acres
$20,772
Taxes
Restore Properties
Fully Leased Burlington Triplex Near UVM | 8.0% Cap Rate | 10 Bedrooms Rare opportunity to acquire a fully leased 3-unit multifamily investment property in Burlington, Vermont, located just 4.5 blocks from the University of Vermont and within walking distance of Downtown Burlington. Offering an attractive 8.0% cap rate, this turnkey investment features 10 bedrooms across three units and is fully leased through May 2028 with signed leases and parental co-signers in place. Positioned in one of Burlington's strongest rental markets, the property benefits from consistent demand driven by its proximity to UVM, downtown employment centers, restaurants, entertainment, and public transportation. The building maintains a strong occupancy history and is currently 100% occupied. Property features include: 3-unit multifamily / triplex 10 total bedrooms 8.7% cap rate Fully leased through May 2028 Signed leases with parental co-signers 7 off-street parking spaces, including detached garage Coin-operated laundry for additional income Hardwood floors throughout Original built-in cabinetry and woodwork Three porches No-smoking property No-animal policy Strong rental history and occupancy record Operating expenses are enhanced by tenant-paid utilities, with tenants responsible for electricity, natural gas heat, and internet service. This Burlington multifamily investment combines stable cash flow, strong in-place income, and long-term appreciation potential in a highly desirable walk-to-campus location. The combination of an 8.7% cap rate, 10-bedroom configuration, ample parking, tenant-paid utilities, and leases secured through May 2028 makes this a compelling opportunity for investors seeking immediate returns and predictable income. Investment Highlights Burlington, Vermont University of Vermont (UVM) location Walk-to-campus investment property Fully leased through May 2028 8.7% cap rate 100% occupied Tenant-paid utilities Coin-operated laundry income Downtown Burlington
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.
Remarkable 5-unit multi-family plus commercial space in the heart of downtown Burlington, just one block from Church Street. The building features exceptionally spacious units with tall ceilings, original woodwork, stained glass, and distinctive details throughout. While the property would benefit from updating and modernization, it offers a strong foundation and significant potential for an investor. Ample off-street parking is a rare downtown advantage, and existing commercial space adds flexibility. RH Zoning offers potential for reconfiguration and creation of additional residential units.
INVESTMENT OPPORTUNITY in Burlington! Well-maintained six-unit apartment property offering a strong combination of income, parking, and flexible space. The property features 12 bedrooms across six units, with all units having been improved over the years and a history of steady rental income. A unique detached cottage unit adds additional appeal and flexibility for tenants or an owner looking for a separate living/work space. The property also offers an impressive 14 parking spaces, plus garage/storage space and convenient coin-operated laundry. Ideally located on North Avenue with easy access to Burlington amenities, shopping, dining, schools, parks, Lake Champlain, and downtown. A solid opportunity for an investor seeking an established multifamily property with multiple income streams and potential for continued long-term value

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