86 North Union ST, Burlington, VT 05401
86 North Union ST, Burlington, VT 05401
86 North Union ST, Burlington, VT 05401
86 North Union ST, Burlington, VT 05401
86 North Union ST, Burlington, VT 05401
86 North Union ST, Burlington, VT 05401
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Danny Champion

Danny Champion

+1(603) 247-5186
Listed by Chad Dion • Chad Dion Real Estate
$ 1,295,000
Est. payment | /mo

10 Beds

3 Baths

2,632 SqFt

Save
$ 1,295,000
Est. payment | /mo
Save

10 Beds

3 Baths

2,632 SqFt

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

PrimeMLS

Nearby Locations

Danny Champion

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(603) 247-5186

dannychampion24@gmail.com

23 Brown Hill Rd, Bow, NH, 03304, USA

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86 North Union ST