41-47 West Center Street, Winooski, VT 05404
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
41-47 West Center Street,Winooski, VT 05404
$1,449,900
- - Beds
- 9 Baths
- 5,040 sq. ft.
- Multi-family
- Pending
Listed by: blake gintofjarahr@signaturepropertiesvt.com
Office: signature properties of vermont802-872-8881
MLS#:5077413
Source:PrimeMLS
Price summary
- Price:$1,449,900
- Price per sq. ft.:$287.68
About this home
An exceptional investment opportunity in the heart of Winooski! Perfectly positioned in one of the city’s most desirable and walkable areas, this prime multi-unit property is just steps from everything that makes this city so vibrant — restaurants, shops, river access, entertainment, and more. The property currently consists of a well-maintained 9-unit income-producing building with a strong rental history and a healthy NOI of $104,589.68. The unit mix features a combination of reliable long-term tenants, flexible month-to-month occupants, and extended-stay residents, offering both stability and adaptability. Current rents are below market, presenting immediate value-add potential through strategic increases and operational optimization. The property has also proven highly successful as a short-term rental, previously performing well on Airbnb and Furnished Finder platforms. In addition to its strong in-place income, this offering presents extraordinary redevelopment potential. With zoning that supports a 5-story building, investors have the opportunity to significantly increase unit count and unlock substantial future upside in one of Winooski’s most sought-after locations. An added bonus is the separate structure at 37 Mayo Street, currently vacant following a recent fire. With vision and renovation, this building could be restored to create an additional income-generating unit, further enhancing overall returns. Whether you’re seeking immediate cash flow, long-term appreciation, redevelopment opportunity, or a combination of all three, this is a rare chance to secure a high-performing asset with tremendous growth potential. Seller is also willing to offer owner financing to a qualified buyer with just 20% cash down at closing, creating a rare and attractive opportunity for investors seeking flexible acquisition terms while securing a high-performing asset....
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Home facts
- Year built:1900
- Listing ID #:5077413
- Added:45 day(s) ago
- Updated:April 11, 2026 at 07:34 AM
Rooms and interior
- Total bathrooms:9
- Full bathrooms:9
- Flooring:Combination
- Living area:5,040 sq. ft.
Structure and exterior
- Roof:Metal
- Year built:1900
- Building area:5,040 sq. ft.
- Lot area:0.22 Acres
- Levels:3 Story
Schools
- High school:Winooski High School
- Middle school:Winooski Middle/High School
- Elementary school:Winooski Middle/High School
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$1,449,900
- Price per sq. ft.:$287.68
- Tax amount:$19,410 (2026)
Features and amenities
- Amenities:Circuit Breaker(s)
Parking
- Parking description:Gravel Driveway
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