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Listed by Chad Dion with Chad Dion Real Estate 802-318-1599
10 Beds
3 Baths
2,632 sqft

$1,195,000

86 North Union Street, Burlington VT, 05401

Price per sqft$454.03
Built in1925
Property size2,632 sqft
Property typeMulti-family

Overview

Active

Listed Jun 17, 2026

Updated 4 days ago

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

$7,950/mo

Est. mortgage payment based on a $1,195,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
5095537

Interior Features

Bedrooms
10
Bathrooms
3
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.09 Acres

Other Property Details

Taxes
$16,245
Tax Frequency
Annually
Garage
Yes
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Listed by Chad Dion with Chad Dion Real Estate 802-318-1599

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