24-28 North Street, Burlington, VT 05401
Local realty services provided by:CENTURY 21 Circa 72
24-28 North Street,Burlington, VT 05401
$1,149,900
- 10 Beds
- 4 Baths
- 4,198 sq. ft.
- Multi-family
- Active
Listed by: blake gintofjarahr@signaturepropertiesvt.com
Office: signature properties of vermont802-872-8881
MLS#:5098360
Source:PrimeMLS
Price summary
- Price:$1,149,900
- Price per sq. ft.:$199.67
About this home
**Prime Burlington Investment Opportunity!** Perfectly positioned in one of Burlington's most desirable downtown locations, this classic 4-unit multi-family property offers investors an exceptional opportunity to own a piece of the city's history while unlocking significant upside potential. Just a short stroll to the scenic shores of Lake Champlain, Waterfront Park, Church Street Marketplace, the Burlington Bike Path, restaurants, shopping, entertainment, and UVM, this location continues to attract strong rental demand year after year. This well-maintained building blends timeless character with outstanding value-add potential. Two apartments are currently occupied, while two additional units have recently been refreshed and are turnkey, rent-ready, and actively being marketed for new tenants. Another long-term occupied unit presents an excellent opportunity for future cosmetic improvements and increased rental income upon turnover. Current gross rental income is approximately **$110,100 annually**, with projected rents nearing **$126,300**, offering investors a clear path to increased cash flow through continued optimization. At the current asking price, the property offers an attractive **6.64% cap rate**, with the potential to achieve approximately a **7.84% cap rate** once stabilized at market rents. Financials also reflect strong upside through strategic management and continued improvements. Whether you're expanding an existing portfolio, completing a 1031 exchange, or seeking a value-add investment in one of Vermont's strongest rental markets, this property checks all the boxes with an unbeatable location, immediate income, future appreciation potential, and significant room to maximize returns. Opportunities like this in the heart of Burlington are increasingly difficult to find—don't miss your chance to capitalize on this exceptional investment....
Contact an agent
Home facts
- Year built:1899
- Listing ID #:5098360
- Added:44 day(s) ago
- Updated:August 20, 2026 at 10:35 AM
Rooms and interior
- Bedrooms:10
- Total bathrooms:4
- Full bathrooms:4
- Basement Description:Interior, Interior Access, Unfinished
- Living area:4,198 sq. ft.
Heating and cooling
- Heating:Gas Heater, Monitor Type
Structure and exterior
- Roof:Asphalt Shingle, Flat, Membrane
- Year built:1899
- Building area:4,198 sq. ft.
- Lot area:0.03 Acres
- Levels:3 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$1,149,900
- Price per sq. ft.:$199.67
- Tax amount:$14,470 (2026)
Features and amenities
- Amenities:Circuit Breaker(s)
New listings near 24-28 North Street
- New
$2,250,000Active2 beds 3 baths1,806 sq. ft.40 College Street #801, Burlington, VT 05401
MLS# 5105510Listed by: FOUR SEASONS SOTHEBY'S INT'L REALTY - New
$539,000Active2 beds 2 baths1,391 sq. ft.3 Lake Forest Drive, Burlington, VT 05401
MLS# 5105310Listed by: FLEX REALTY - New
$459,900Active3 beds 3 baths1,800 sq. ft.50 Temple Street #1, Burlington, VT 05408
MLS# 5105390Listed by: RE/MAX NORTH PROFESSIONALS - BURLINGTON - New
$300,000Active2 beds 1 baths981 sq. ft.433 1/2 Flynn Avenue, Burlington, VT 05401
MLS# 5105318Listed by: NANCY JENKINS REAL ESTATE - Open Thu, 5:30 to 6:30pmNew
$679,000Active4 beds 2 baths1,824 sq. ft.71 Drew Street, Burlington, VT 05401
MLS# 5105288Listed by: FLEX REALTY - New
$1,100,000Active9 beds 5 baths5,811 sq. ft.28 Clarke Street, Burlington, VT 05401
MLS# 5105293Listed by: COLDWELL BANKER HICKOK AND BOARDMAN - New
$575,000Active4 beds 2 baths1,590 sq. ft.232-234 Curtis Avenue, Burlington, VT 05408
MLS# 5105111Listed by: RE/MAX NORTH PROFESSIONALS - New
$485,000Active3 beds 2 baths1,560 sq. ft.819 North Avenue, Burlington, VT 05408
MLS# 5104783Listed by: RIDGELINE REAL ESTATE - New
$559,000Active5 beds 2 baths1,880 sq. ft.244 North Champlain Street, Burlington, VT 05401
MLS# 5104557Listed by: ELEMENT REAL ESTATE - New
$547,000Active6 beds 1 baths2,889 sq. ft.122-124 Woodbury Road, Burlington, VT 05408
MLS# 5104450Listed by: BHHS VERMONT REALTY GROUP/S BURLINGTON