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Listed by Chad Dion • Chad Dion Real Estate
$ 1,295,000
Est. payment /mo
New
86 North Union ST Burlington, VT 05401
10 Beds
3 Baths
2,632 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,632 sqft
Price per Sqft $492
MLS Listing ID 5095537
Bedrooms 10
Full Baths 3
Construction Status Existing
Year Built 1925
Annual Tax Amount $16,245
Tax Year 2025
Lot Size 3,920 Sqft
Acres 0.09
Property Description
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 2027 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 8.0% cap rate Fully leased through May 2027 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 8.0% cap rate, 10-bedroom configuration, ample parking, tenant-paid utilities, and leases secured through May 2027 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 2027 8.0% cap rate 100% occupied Tenant-paid utilities Coin-operated laundry income Downtown Burlington
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning R3
Rooms
Basement Entrance Walkout
Basement Bulkhead, Concrete Floor, Unfinished, Interior Access
Interior
Cooling None
Exterior
Garage Spaces 1.0
Utilities Available Underground Utilities
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
School District Burlington School District
