290-292 North Street, Burlington, VT 05401

• 4 baths

Property Description

This listing courtesy of Paul Cannizzaro, Cannizzaro Real Estate

Enjoy a 7.7% cap rate on this well-Maintained 4-Unit Investment Property in Prime Burlington Location. This 4-unit multifamily property includes two spacious two-bedroom units and two one-bedroom units. The two-bedroom units are occupied by long-term tenants on month-to-month status, with rents currently below market—offering strong upside potential.Recent upgrades include new boilers and hot water tanks installed in 2023. The building is clean, with coin-operated laundry and tenant storage in the basement.Tenants enjoy the convenience of off-street parking, nearby public transportation, and a location just minutes from the University of Vermont, UVM Medical Center, and downtown Burlington. A solid investment opportunity with stable income and room for growth.Seller is licensed Broker

Listing Status:

Active

Date Added:

July 10, 2025 at 05:00AM

Listing Office:

Cannizzaro Real Estate : 802-862-9700

Listing Agent:

Paul Cannizzaro : 802-862-9700

MLS ID:

5050952

Interior

• Appliances: Electric Water HeaterWater Heater off BoilerOwned Water Heater
• Basement: BulkheadConcrete Floor
• Flooring: CarpetVinyl
• A/C: None
• Heating: Natural Gas

Exterior

• General: Covered PorchEnclosed Porch
• Style: Apartment Building

Construction

• Roofing: Architectural Shingle
• General: Wood FrameStone

Location

• Road/Access: Public
• County: Chittenden

Lot

• Driveway: Paved
• Zoning: Res Med density

Utilities

• Utilities: Cable AvailableUnderground Gas
• Water: Public
• Sewer: Public

This listing courtesy of Paul Cannizzaro, Cannizzaro Real Estate