476-478 Saint Paul Street,Burlington, VT 05401
Burlington, VT 05401
Description
All units are fully occupied! Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with all of the units rented- perfect for both investors and owner-occupants seeking steady income and long-term growth. Conveniently located near Shelburne Road, Pine Street, and downtown Burlington, enjoy easy access to shopping, dining, local events, recreation, UVM and Champlain College campuses, the UVM Medical Center, and the local bus line for effortless commuting. The property includes two studio apartments and two 2-bedroom units, each thoughtfully updated to attract quality tenants and minimize future maintenance. Unit 476 #1 features two bedrooms, an updated ¾ bathroom with a custom tiled shower, and a refreshed kitchen. Unit 478 #1 also offers two bedrooms, a new kitchen and bathroom, and fresh paint throughout. Units 476 #2 and 478 #2 are spacious studios with convenient mudroom entries and updated kitchens and bathrooms- 478 #2 recently received extensive improvements, including new finishes and fixtures. Major building upgrades provide peace of mind and long-term value, including a new roof installed in November 2023 and a new boiler replaced in 2025. Tenants also enjoy access to a shared laundry room at no cost. With its excellent condition, driveway parking, recent capital improvements, and prime Burlington location, this property presents a turnkey investment opportunity offering immediate income and lasting stability. Motivated seller!
Details
| MLS # | 5067151 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1932 |
| Days On Site | 303 |
| Listing Provided By | Polli Properties | Elise Polli |
Features
| Basement | Y |
|---|---|
| Story(s) | 1 |
| Units | 4 |
| Zoning | Residential - Corridor |
| Acreage | 0.20 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | None |
| Heating | Natural Gas, Baseboard |
| Appliances | Natural Gas Water Heater, Owned Water Heater, Tank Water Heater |
Exterior
| Exterior Features | Garden, Covered Porch |
|---|---|
| Roof | Asphalt Shingle |
| Construction Materials | Wood Frame, Wood Siding |
| Foundation Details | Poured Concrete |
| Lot Features | City Lot, Corner Lot, Curbing, Sidewalks, Street Lights, In Town, Near Shopping, Near Public Transit, Near Hospital |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Driveway, Off Street, On Street, Paved, Unassigned |
Utilities
| Utilities | Phone Available |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 10207.08 |
|---|---|
| Tax Year | 2025 |
| Tax Year Notes | 2025-2026 |
Area Information
| State | VT |
|---|---|
| County | Chittenden |
| City | Burlington |
| Zip Code | 05401 |
| Area | VT Chittenden |
| School District | Burlington School District |
| Elementary School | Choice |
| High School | Burlington High School |
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Learn More About This Property
| State | VT |
|---|---|
| County | Chittenden |
| City | Burlington |
| Zip Code | 05401 |
| Area | VT Chittenden |
| School District | Burlington School District |
| Elementary School | Choice |
| High School | Burlington High School |
