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Listed by Chad Dion of Chad Dion Real Estate
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

More Info

Tax Information

  • Tax Year2025

Building

  • Year Built1925
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms6
  • Unit 1 Floor Location1
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 2 Floor Location2
  • Unit 2 StyleFlat
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • Unit 3 StyleFlat
  • # of 1 Bedrooms1
  • # of 3+ Bedrooms2
  • Bathroom3
  • Total Baths3
  • BasementBulkhead, Concrete Floor, Unfinished, Interior Access
  • FoundationFieldstone

Basic Information

  • StatusACT
  • List Price$1,295,000
  • Date Price Change06/18/2026
  • MLS Number5095537
  • MLS StatusActive

Property

  • Acreage0.09
  • GarageYes
  • Parking Spaces1
  • Lot DescriptionCity Lot, Corner, Near Public Transport
  • Square Feet2,632
  • APX Fin AG Sqft2,632
  • Road Frontage126
  • RoadsPublic
  • AreaVT-Chittenden

Other

  • Taxes$16,245
  • Seasonal Y/NNo
  • Date Listed06/18/2026
  • Unit 1 Deposit$5,940
  • Unit 2 Rent Amount$3,000
  • Unit 3 Rent Amount$1,940

Location

  • TownBurlington
  • StateVT
  • Zip05401
  • CountyChittenden
  • ZoningR3
  • Address86 North Union Street
  • Flood Zone Y/NNo

Exterior

  • RoofAsphalt Shingle

Utilities

  • Heat SystemNatural Gas, Baseboard, Hot Water, Monitor Type
  • WaterPublic
  • Electric100 Amp Service, Circuit Breaker(s)
  • SewerPublic
  • UtilitiesUnderground Utilities

Amenities

  • PricePerSqFt492.02

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated June 19, 2026 4:08 PM UTC

 

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