18 Park Street,Burlington, VT 05401
Burlington, VT 05401
Description
Buyer Opportunity: Well-Located 10-Unit Investment with Strong Cash Flow & 9%+ Cap Rate. Rare opportunity to own a 10-unit multi-family property in one of Burlington's most sought-after downtown locations, directly across from Battery Park and moments from the waterfront, bike path, Church Street, restaurants, and downtown employers. The property includes two buildings with a strong unit mix made up of highly desirable and easy-to-rent 1-bedroom and studio apartments - layouts that continue to see consistent demand from tenants seeking downtown living with ample parking! The front brick building contains 4 distinctive apartments, while the rear building offers 6 single-level apartments with straightforward layouts. Well-maintained with fresh paint and tenants paying heat and electric, this property offers easy-to-rent apartments with laundry and a strong cash return in a premier Burlington location!
Details
| MLS # | 5088609 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (30) Under Contract - Pending |
| Year | 1845 |
| Days On Site | 147 |
| Listing Provided By | Coldwell Banker Hickok and Boardman | Lipkin Audette Team |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 10 |
| Zoning | RH |
| Acreage | 0.21 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Natural Gas |
Exterior
| Roof | Shingle, Slate |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Brick/Mortar, Concrete Slab, Stone |
| Lot Features | City Lot |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable Available |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 31543.6 |
|---|---|
| Tax Year | 2027 |
| Tax Year Notes | 2026-2027 |
Area Information
| State | VT |
|---|---|
| County | Chittenden |
| City | Burlington |
| Zip Code | 05401 |
| Area | VT Chittenden |
| Listing VS Median (in 05401) | |
Price: $1,395,000 low | high Med: $269,000 On site: 147 low | high Med: 566 | |
Market Activity 05401
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Learn More About This Property
| State | VT |
|---|---|
| County | Chittenden |
| City | Burlington |
| Zip Code | 05401 |
| Area | VT Chittenden |
| Listing VS Median (in 05401) | |
Price: $1,395,000 low | high Med: $269,000 On site: 147 low | high Med: 566 | |
 | $1,250,00035 Cherry StreetBurlington, VT 05401 |