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Listed by Lipkin Audette Team with Coldwell Banker Hickok and Boardman Phone: 802-846-8800
6 Beds
3 Baths
1,772 sqft

$589,900

214-216 Pine Street, Burlington VT, 05401

Price per sqft$332.90
Built in1899
Property size1,772 sqft
Property typeMulti-family

Overview

Active

Listed Jun 12, 2026

Updated 7 days ago

Exceptional investment opportunity in one of Burlington’s most desirable locations! This well-maintained triplex is just a few blocks from downtown, Church Street Marketplace, the Lake Champlain waterfront, and the vibrant South End Arts District. The property offers three 2-bedroom, 1-bathroom apartments for a total of 6 bedrooms and 3 bathrooms. The rear townhouse-style apartment (Unit C) was extensively remodeled in Spring 2026 with a brand-new kitchen, new flooring, and fresh paint, plus it is currently vacant - making it an ideal option for an owner-occupant or an investor seeking market-rate rent. Unit B has also been updated in recent years, while Units A and B are fully rented. With projected rental income for Unit C, the property offers an attractive 8.36% cap rate. Additional features include separate utilities, one off-street parking space, and ample bike storage. Whether you're a seasoned investor looking to expand your portfolio, a first-time landlord, or a buyer seeking to offset ownership costs by living in one unit while collecting rental income from the others, this property offers flexibility, strong income potential, and an unbeatable Burlington location close to restaurants, shopping, parks, entertainment, and more.

$3,925/mo

Est. mortgage payment based on a $589,900 home price.

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

Additional information

MLS® ID
5094424

Interior Features

Bedrooms
6
Bathrooms
3
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.04 Acres

Other Property Details

Taxes
$9,750
Tax Frequency
Annually
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Listed by Lipkin Audette Team with Coldwell Banker Hickok and Boardman Phone: 802-846-8800

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