86 North Union Street, Burlington, VT 05401
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
86 North Union Street,Burlington, VT 05401
$1,195,000
- 10 Beds
- - Baths
- 2,632 sq. ft.
- Multi-family
- Active
Listed by: chad dion
Office: chad dion real estate802-318-1599
MLS#:5095537
Source:PrimeMLS
Price summary
- Price:$1,195,000
- Price per sq. ft.:$269.14
About this home
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...
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Home facts
- Year built:1925
- Listing ID #:5095537
- Added:146 day(s) ago
- Updated:November 12, 2026 at 12:02 PM
Rooms and interior
- Bedrooms:10
- Basement Description:Bulkhead, Concrete Floor, Interior Access, Unfinished, Walkout
- Living area:2,632 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water, Monitor Type
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1925
- Building area:2,632 sq. ft.
- Lot area:0.09 Acres
- Levels:2 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$1,195,000
- Price per sq. ft.:$269.14
- Tax amount:$16,245 (2025)
Features and amenities
- Amenities:Circuit Breaker(s)
Parking
- Parking description:Gravel Driveway
- Garage spaces:1
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