Andover VT Mult-Family Real Estate

MLS Number 5089408

• Multifamily
• PricePerSqFt 125.83
• Address 373 Spring Street
• Units 5
• Bathroom 5

Here is a well maintained 5 unit apartment house "on the hill" in St. Johnsbury - walking distance from grammar and high school and all the amenities of Main Street. Use this property completely as an investment or live in one unit and let the income from the other 4 make the payments plus some. There are three units in the main house and two in the ell at the back of the house. Each apartment has its own heat source and electric meter. There is vinyl siding and most of the windows have been replaced. There is ample parking for the tenants. Don't hesitate on this good investment.

Listed by Maurice Chaloux and Anthony Hayden of Parkway Realty

MLS Number 5110118

• Multifamily
• PricePerSqFt 269.17
• Address 418 Central Street
• Units 2
• Bathroom 2

Immaculate and spacious two-family home featuring two bedrooms in each unit, impressive curb appeal, and thoughtful updates throughout. Newer windows, siding, roof, kitchens, and bathrooms make this property truly move-in ready. Separate electrical and mechanical systems provide added convenience and peace of mind. Off-street parking in the driveway and a fenced-in yard add to the appeal. An oversized detached garage with loft and separate workshop offers exceptional storage and workspace. All the work has been done for you, just move in and enjoy!

Listed by Stacie Gallucci of Redfin Corporation

MLS Number 5106772

• Multifamily
• PricePerSqFt 211.27
• Address 16 Parkhurst Street
• Units 2
• Bathroom 2

Excellent investment opportunity with potential for a third unit. This well-located two-family property sits just off the Lebanon Green and Colburn Park, with immediate access to downtown Lebanon's restaurants, shops, Lebanon Opera House, public library, farmers markets, and community events. The first-floor unit offers 3 bedrooms, 1 full bath, living room, kitchen, and laundry room, with the laundry room also providing additional storage. The second-floor apartment features 2 bedrooms, 1 full bath, living room, kitchen, and its own laundry room. An attached barn at the rear of the property is currently used for storage and offers potential for additional living space. Preliminary plans for a possible third unit are available for review, providing an opportunity to add value and future rental income, subject to approvals. Prime location, flexible layout, and expansion potential make this a compelling opportunity for an investor or owner-occupant looking to generate rental income in the heart of downtown Lebanon.

Listed by Joe Flanagan of Coldwell Banker LIFESTYLES - Hanover

MLS Number 5115174

• Multifamily
• PricePerSqFt 346.64
• Address 161 Elm Street
• Units 2
• Bathroom 2

Investors take note! This side-by-side duplex in North Berwick offers a welcoming opportunity with a solid rental history and leases in place for both units. Each home features two bedrooms, 1.5 baths, separate forced hot water gas heat, town water and sewer, a private basement, a private deck, and its own one-car garage. One unit has been fully renovated, while both offer comfortable, practical layouts with a great floor plan. A new roof was installed in 2026. A great option for investors looking to enjoy rental income and make the most of a versatile property.

Listed by Jerry Tatlock of Century 21 Barbara Patterson

MLS Number 5113501

• Multifamily
• PricePerSqFt 201.57
• Address 154 Depot Street
• Units 3
• Bathroom 5

An exceptional investment opportunity in the heart of Jamaica! Just steps from Jamaica State Park and the charm of downtown Jamaica, this three-unit multifamily property offers an ideal combination of location, flexibility, and income potential. Whether you’re looking to live in one unit while generating income from the others, create a Vermont getaway with rental income, or add a versatile property to your investment portfolio, the possibilities are plentiful. The property abuts the river and features three spacious two-bedroom units: two with one bath and a third with two baths. Two units are currently vacant and ready for immediate occupancy, while the third is occupied by long term tenants—offering the potential for income from day one. Consider long-term rentals, seasonal leases, or short-term rentals such as Airbnb, subject to applicable local and state requirements. Recent improvements make this an especially attractive opportunity. Updates include a new furnace, new well pump, freshly painted exterior, and replacement windows where needed. The hot water heaters are approximately five years old. One apartment features a new refrigerator and stove, while another offers a three-year-old washer and dryer along with a new dishwasher. And then there’s the location! Walk to Jamaica State Park for hiking, biking, swimming, and outdoor recreation, or stroll into the village to enjoy everything this quintessential Vermont community has to offer. With Stratton Mountain and other Southern Vermont attractions within easy reach, the property is well positioned to appeal to year-round, seasonal, and vacation renters alike. Three units, multiple income possibilities, recent improvements, and an outstanding village location make this a rare opportunity to invest in one of Southern Vermont’s most desirable four-season communities.

Listed by Carrie Mathews of Winhall Real Estate

MLS Number 5089982

• Multifamily
• PricePerSqFt 249.49
• Address 2337 Vt Route 7
• Units 3
• Bathroom 3

Here is a delightful opportunity to own a simply versatile property that has been carefully updated over the years. What started as a single family home has been beautifully transformed to this multi-use property. The larger section of the property includes 5 private office spaces that share a conference room and a reception area as well as a full bath and small kitchenette. The total rent for three of these office spaces currently brings in $1200 and could be even more if rents were adjusted for market rates and the two, currently empty, other offices were rented. There are two furnished studio apartments, one on each level. The 1st floor apartment is currently rented for $1150/month and is heated with both a Rinnai heater and a heated and cooled with a heat pump. It includes a dishwasher, electric stove, stacked laundry and a 3/4 bath. This unit shares a door with one of the aforementioned office spaces so it's possible you could "capture" that room for this apartment space. The second floor unit is a true studio space with a Rinnai heater, heat pump, electric stove, fridge and 3/4 bath and rents for $1400/month. There is additional income potential - rent the 2 bay garage or add that space to one of the apartment rentals and increase the rent. The property is landscaped and has an existing sign for business name display. The parking surface is paved and this property is very tidy!

Listed by Amey Ryan of IPJ Real Estate

MLS Number 5086957

• Multifamily
• PricePerSqFt 113.09
• Address 474 Dog Team Road
• Units 3
• Bathroom 3

Well-maintained three-unit property just minutes from downtown Middlebury. Two units were renovated in 2019 with modern updates while retaining Vermont character. All units are currently rented and feature private entrances, laundry, separate utilities, and additional storage. Quiet, scenic setting with quick access to shops, restaurants, and an easy commute to Burlington, Middlebury, Bristol and Vergennes. Ample on-site parking and outdoor space add to tenant appeal. Strong rental history and desirable location make this an excellent investment opportunity in Addison County. Recent reappraisal from the town came in at $609,300.

Listed by Heather Foster-Provencher of Champlain Valley Properties

MLS Number 5104450

• Multifamily
• PricePerSqFt 177.4
• Units 2
• Bathroom 2
• Acreage 0.28

NEW PRICE, BRING YOUR VISION TO LIFE! A unique opportunity in Burlington's desirable New North End, 122-124 Woodbury Road offers TWO SEPARATE HOMES ON ONE LOT, each with its own driveway, creating exciting possibilities for investors, owner-occupants, multi-generational living, or those looking to create additional rental income. The main Cape-style home is move-in ready and offers 2 bedrooms, a full bath, and laundry on the main level, plus a recently permitted 3rd bedroom in the basement. Fresh paint and updated flooring brighten the interior, while the open kitchen and dining area provides comfortable everyday living. Finished attic storage adds even more functionality. The second home is where the opportunity really begins. Much of the initial work has already been done, with the interior taken down to the studs and ready for the next owner to bring their vision to life without starting from scratch. It is currently permitted as a 3-bedroom, 1-bath residence, giving a buyer the opportunity to complete the home to their own style and specifications. Looking for even more potential? The property also conveys with architectural plans by Michael Dugan to convert the second building into a DUPLEX, pre-approved by Burlington zoning, offering another path to maximize the property's versatility and income potential, subject to applicable approvals. Set on a level, fenced lot near schools, shopping, restaurants, parks, the Burlington Bike Path, and Lake Champlain recreation. Live in one while completing the other, create multiple rental opportunities, or design a property that works for your future. The groundwork is here, now it's time to bring the vision to life!

Listed by Carrie Paquette of BHHS Vermont Realty Group/S Burlington