476-478 Saint Paul Street, Burlington, VT 05401

• 4 baths

Property Description

This listing courtesy of Elise Polli, Polli Properties

Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with three of the four units currently rented- perfect for both investors and owner-occupants seeking steady income and long-term growth. Conveniently located near Shelburne Road, Pine Street, and downtown Burlington, enjoy easy access to shopping, dining, local events, recreation, UVM and Champlain College campuses, the UVM Medical Center, and the local bus line for effortless commuting. The property includes two studio apartments and two 2-bedroom units, each thoughtfully updated to attract quality tenants and minimize future maintenance. Unit 476 #1 features two bedrooms, an updated ¾ bathroom with a custom tiled shower, and a refreshed kitchen. Unit 478 #1 also offers two bedrooms, a new kitchen and bathroom, and fresh paint throughout. Units 476 #2 and 478 #2 are spacious studios with convenient mudroom entries and updated kitchens and bathrooms- 478 #2 recently received extensive improvements, including new finishes and fixtures. Major building upgrades provide peace of mind and long-term value, including a new roof installed in November 2023 and a new boiler replaced in 2025. Tenants also enjoy access to a shared laundry room at no cost. With its excellent condition, recent capital improvements, and prime Burlington location, this property presents a turnkey investment opportunity offering immediate income and lasting stability.

Listing Status:

Active

Date Added:

October 24, 2025 at 05:00AM

Listing Office:

Polli Properties : 802-764-0553

Listing Agent:

Elise Polli : 802-399-0134

MLS ID:

5067151

Interior

• Appliances: Natural Gas Water HeaterOwned Water HeaterTank Water Heater
• Basement: BulkheadExterior AccessUnfinished
• Flooring: CarpetHardwoodTile
• A/C: None
• Heating: Natural GasBaseboard

Exterior

• General: Garden SpaceCovered Porch
• Style: Multi-Family
• Parking: DrivewayOff StreetOn StreetPavedUnassigned

Construction

• Roofing: Asphalt Shingle
• General: Wood FrameWood SidingPoured Concrete

Location

• Road/Access: PavedPublic Maintained Road
• School District: Burlington School District
• County: Chittenden

Lot

• Driveway: Paved
• Zoning: Residential - Corridor

Utilities

• Utilities: Telephone Available
• Water: Public
• Sewer: Public

This listing courtesy of Elise Polli, Polli Properties