24-28 North St Burlington, VT 05401

Building Details

Year Built

1899

Listing office Signature Properties Of Vermont B***@signaturepropertiesvt.com Show Phone

Listing date Jul 8, 2026

Source Elliman

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Investment Insights

Based on property information with market context.

This classic four-unit multi-family property offers a straightforward mix of immediate occupancy and value-add options. Two apartments are currently occupied, while two additional units have recently been refreshed and are described as turnkey and rent-ready. A third long-term occupied unit provides an opportunity for future cosmetic improvements and potential rent growth upon turnover.

The property is positioned in downtown Burlington, with proximity described to Lake Champlain and Waterfront Park, Church Street Marketplace, the Burlington Bike Path, restaurants, shopping, entertainment, and UVM. Current gross rental income is approximately $110,100 annually, with projected rents nearing $126,300. The listing also notes an estimated 6.64% cap rate at the current asking price and potential to approach a 7.84% cap rate once stabilized at market rents.

Key Highlights

• Classic 4‑unit multi‑family built in 1899 with two units currently occupied and two refreshed, rent‑ready units
• Approximately $110,100 in current gross rental income annually, with projected rents nearing $126,300
• Asking‑price cap rate of 6.64%, with potential to reach about a 7.84% cap rate once stabilized at market rents

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FAQs

What type of property is this?

Quadplex - Classic 4-unit multifamily with two occupied units and two refreshed, rent-ready apartments.

Where is this quadplex located?

The property is located at 24-28 North St Burlington, VT.

What is the asking price?

The asking price for this property is $1,249,900.

What are key features of this property?

This property features: Classic 4‑unit multi‑family built in 1899 with two units currently occupied and two refreshed, rent‑ready units; Approximately $110,100 in current gross rental income annually, with projected rents nearing $126,300; Asking‑price cap rate of 6.64%, with potential to reach about a 7.84% cap rate once stabilized at market rents