254 Pearl St Burlington, VT 05401

This exceptional investment opportunity presents a mixed-use portfolio in Burlington, Vermont, encompassing two buildings situated on separate 0.31-acre lots, totaling 6,056 square feet. The portfolio includes a mixed-use building featuring a well-established ground-floor dental office and two 2-bedroom apartments above. A walk-up attic with high vaulted ceilings offers significant potential for expansion or conversion. Conveniently located adjacent to Pearl Street Beverage, ample parking is available. The second building is a single-family home, boasting 1,780 square feet, two bedrooms, two updated bathrooms, an attached garage, and a pleasant yard with additional parking. The property is zoned RM and offers a compelling 4.79% cap rate with a net operating income (NOI) of $66,975. The asking price is $1,398,000, representing $231 per square foot and $349,500 per unit. Built in 1899 and 1920, this property presents a rare blend of historic charm and modern functionality, ideal for investors seeking a strong return in a vibrant downtown location. The property's four units and established tenancy provide immediate cash flow, while the potential for further development and renovation adds significant long-term value. This is a unique opportunity to acquire a substantial portfolio in a highly desirable Vermont location. The address is 254 & 256-258 Pearl Street, Burlington, VT 05401.