86 North Union St, Burlington, VT 05401

Description

Fully Leased Burlington Triplex Near UVM | 8.0% Cap Rate | 10 Bedrooms

Rare opportunity to acquire a fully leased 3-unit multifamily investment property in Burlington, Vermont, located just 4.5 blocks from the University of Vermont and within walking distance of Downtown Burlington. Offering an attractive 8.0% cap rate, this turnkey investment features 10 bedrooms across three units and is fully leased through May 2028 with signed leases and parental co-signers in place.

Positioned in one of Burlington's strongest rental markets, the property benefits from consistent demand driven by its proximity to UVM, downtown employment centers, restaurants, entertainment, and public transportation. The building maintains a strong occupancy history and is currently 100% occupied.

Property features include:

3-unit multifamily / triplex
10 total bedrooms
8.7% cap rate
Fully leased through May 2028
Signed leases with parental co-signers
7 off-street parking spaces, including detached garage
Coin-operated laundry for additional income
Hardwood floors throughout
Original built-in cabinetry and woodwork
Three porches
No-smoking property
No-animal policy
Strong rental history and occupancy record

Operating expenses are enhanced by tenant-paid utilities, with tenants responsible for electricity, natural gas heat, and internet service.

This Burlington multifamily investment combines stable cash flow, strong in-place income, and long-term appreciation potential in a highly desirable walk-to-campus location. The combination of an 8.7% cap rate, 10-bedroom configuration, ample parking, tenant-paid utilities, and leases secured through May 2028 makes this a compelling opportunity for investors seeking immediate returns and predictable income.

Investment Highlights

Burlington, Vermont
University of Vermont (UVM) location
Walk-to-campus investment property
Fully leased through May 2028
8.7% cap rate
100% occupied
Tenant-paid utilities
Coin-operated laundry income
Downtown Burlington