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    290-292 North St Burlington, VT 05401

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    For Sale
    $699,000

    Four-unit property near UVM, UVM Medical Center, and downtown Burlington.

    Lot size:
    0.15 Acres

    Property Features for 290-292 North St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1899

    Source: Cannizzaro Real Estate Agent Paul Cannizzaro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burlington Multifamily Investment Opportunity

    This four-unit multifamily property features two two-bedroom units and two one-bedroom units. Recent upgrades include new boilers and hot water tanks installed in 2023. The building is clean and includes coin-operated laundry and tenant storage in the basement. Tenants benefit from off-street parking and nearby public transportation. The property is located minutes from the University of Vermont, UVM Medical Center, and downtown Burlington. The two-bedroom units are occupied by long-term tenants on a month-to-month basis, with rents currently below market.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2101355
    Latitude
    44.4850683

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    FAQs

    What type of property is this?
    Quadplex - Four-unit property near UVM, UVM Medical Center, and downtown Burlington.
    Where is this quadplex located?
    The property is located at 290-292 North St Burlington, VT.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - High 7.7% Cap Rate offers a strong return on investment.; - Prime Burlington location near the University of Vermont, UVM Medical Center, and downtown.; - Upside potential with below-market rents on two-bedroom units.
    (802) 862-9700
    Request Owner's contact information
    290-292 North St Burlington, VT 05401
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    Burlington, VT 05401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    290-292 North St Burlington, VT 05401
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