Renovated Duplex with Income
For Sale
$675,000
299 Manhattan Dr, Burlington, VT 05408
Turnkey duplex in Burlington with modern updates and income potential.
Property SizeContact for details
Lot Size0.14 Acres
Days on Market157
Property Features for 299 Manhattan Dr
General Information
Standard status
Active
Lot size
0.14 Acres
Property subtype
Investment
Building Details
Year Built
1920
Units
2
Listing Agency:
(802) 846-7835
Listed By:
Kathleen OBrien
(802) 846-7835
Source:
Elliman
Added: Mar 26
Changed: Aug 14
Last Checked: Aug 29 at 10:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kathleen OBrien
Investment Insights
Based on property information with market context.
This extensively renovated duplex, updated in 2022, is located in Burlington's Manhattan Drive area. It features two units, each containing 2 bedrooms and 1 full bath. The lower unit includes a bonus study that can serve as a third bedroom, office, or guest space. Both units have modern kitchens, baths, flooring, windows, appliances, and in-unit laundry. The property has upgraded electrical, plumbing, and heating systems, a standing seam metal roof, a rear asphalt shingle roof, new rear vinyl siding, insulation upgrades, and paving. The property also participated in the Vermont Gas weatherization program. The layout is suitable for an owner-occupant seeking rental income or for a hybrid long-term/short-term rental strategy. The upper unit is leased at $2,700 per month, and the lower unit has a history as a short-term rental. The property includes gas heat, a lower-level heat pump for supplemental heating and cooling, new appliances, an EV charger, 3 off-street parking spaces, a full basement, and a large fenced yard. The property is located close to downtown Burlington, the waterfront, Church Street, and local amenities. There is potential for attic bonus/expansion, subject to buyer due diligence and approvals. This property has been successfully utilized as a short-term rental.
Key Highlights
- Extensively renovated in 2022 with modern kitchens, baths, flooring, windows, appliances, and in‑unit laundry in both units.
- Income‑producing duplex with upper unit leased at $2,700/month and strong short‑term rental history for the lower unit.
- Major 2022 upgrades include new electrical, plumbing, heating systems, standing seam metal roof, rear asphalt shingle roof, new rear vinyl siding, insulation, and paving.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
954
Businesses Nearby
Explore this area
Business Placement
Demographics for 05408, VT
10,425
Population
4,455
Households
2.3
Avg Household Size
44
Median Age
55%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$98,656
Median Household Income
$52,934
Median Earnings
$1,573
Median Rent
$369,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Turnkey duplex in Burlington with modern updates and income potential.
Where is this duplex located?
The property is located at 299 Manhattan Dr Burlington, VT.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Extensively renovated in 2022 with modern kitchens, baths, flooring, windows, appliances, and in‑unit laundry in both units.; Income‑producing duplex with upper unit leased at $2,700/month and strong short‑term rental history for the lower unit.; Major 2022 upgrades include new electrical, plumbing, heating systems, standing seam metal roof, rear asphalt shingle roof, new rear vinyl siding, insulation, and paving.
