Renovated Three-Unit
For Sale
$864,900
94 Mallets Bay Avenue, Winooski, VT 05404
Multi-Family, Winooski, VT
Property Size2,640 SF
Lot Size0.05 Acres
Price / SF$327.61
Days on Market9
Property Features for 94 Mallets Bay Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
GZDN
Bedrooms
8
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 4, Bedroom 7, Bathroom 3, Bedroom 8, Bedroom 3, Basement, Bedroom 2, Bedroom 5, Bedroom 6, Bathroom 1, Bathroom 2, Bedroom 1
Lot features
City Lot
Elementary school district
Winooski School District
Middle school district
Winooski School District
High school district
Winooski School District
Standard status
Active
Size
2,640 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10028
Utilities
Heating system
Natural Gas
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
3
Building materials
Wood Frame
Roof type
Membrane
Architectural style
Other
Listing Agency:
Signature Properties of Vermont
(802) 872-8881
Listed By:
Blake Gintof
(802) 871-8881
Added: Oct 2
Changed: Oct 8
Last Checked: Oct 10 at 12:06PM
MLS# 5112656
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-unit residential property in Winooski contains 2,640 square feet on a 0.05-acre lot. Recent renovations have been completed, and one unit is vacant, allowing for lease-up or occupancy. The building dates to 1900 and has wood-frame construction, natural gas heating, a membrane roof, and public water. It is zoned GZDN.
The property is located on Mallets Bay Avenue in Winooski, with Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, shopping, dining, and public transportation identified as nearby destinations.
The property is located on Mallets Bay Avenue in Winooski, with Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, shopping, dining, and public transportation identified as nearby destinations.
Key Highlights
- Three residential units, including one vacant unit
- 2,640 square feet on a 0.05‑acre lot
- Recent renovations and improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,158
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,160
$583.2K
Cap Rate 7%
$416,543
$416.5K
Cap Rate 9%
$323,978
$324.0K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$42.1K $15.96/SF
− Vacancy
−$480 −$0.18/SF
EGI
$41.7K $15.78/SF
− OpEx
−$12.5K −$4.73/SF
NOI
$29.2K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,160
Cap Rate 7%
$416,543
Cap Rate 9%
$323,978
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.5K – $486.0K
NOI $29,158 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$368.9K
$322.8K – $430.4K
NOI $25,822 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$724.1K
$633.6K – $844.8K
NOI $50,688 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 05404, VT
7,981
Population
3,952
Households
2
Avg Household Size
34
Median Age
56%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
5,701
Density / Sq Mi
$77,020
Median Household Income
$42,254
Median Earnings
$1,635
Median Rent
$350,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - A vacant apartment provides flexibility for lease-up or occupancy.
Where is this triplex located?
The property is located at 94 Mallets Bay Avenue Winooski, VT.
What is the asking price?
The asking price for this property is $864,900.
What are key features of this property?
This property features: Three residential units, including one vacant unit; 2,640 square feet on a 0.05‑acre lot; Recent renovations and improvements
