Andover VT Mult-Family Real Estate

MLS Number 5077554

• Multifamily
• Units 3
• Bathroom 3
• Acreage 0.16
• Square Feet 2,849

Excellent location right between UVM and downtown. Loads of parking with a detached single car garage. The building has a sprinkler system. Good sized units make them simple to rent!

Listed by Charles C. Burns and Cynthia Burns of BHHS Vermont Realty Group/Burlington

MLS Number 5098190

• Multifamily
• Address 17 Broad Street
• Units 4
• Bathroom 4
• Acreage 0.25

Exceptional investment opportunity! This fully occupied four-unit property offers immediate income with strong rental history in a convenient in-town location just minutes from shopping, restaurants, schools, parks, major commuter routes, and downtown Somersworth. Whether you're expanding your portfolio or looking for a turnkey multifamily investment, this property checks all the boxes. The building offers 3,841 square feet of finished living space with four spacious apartments featuring generously sized bedrooms, living rooms, and kitchens that tenants appreciate. A mix of modern updates and classic character creates lasting appeal. Recent improvements include updated siding, roof, windows, exterior stairs, and decking, helping minimize future maintenance. The property also offers ample off-street parking, abundant storage space, a full unfinished basement, and additional attic storage, while the large backyard provides outdoor space rarely found in multifamily properties. With strong occupancy, generous unit sizes, plentiful parking and storage, and a location convenient to everyday amenities and commuting, this is a rare opportunity to add a well-maintained, income-producing asset to your portfolio.

Listed by Brianne Healey of Realty One Group Next Level - Nashua

MLS Number 5096015

• Multifamily
• Address 254 Elm Street
• Units 7
• Bathroom 8
• Acreage 0.24

Not located in an active FEMA-designated flood zone and not impacted by flooding events, this exceptional 7-unit investment opportunity at 254 Elm Street in Montpelier, presents investors with a rare chance to acquire a well-positioned asset offering immediate income and future growth potential. Located in Vermont's capital city, the property benefits from a strong and diverse tenant base supported by state government offices, healthcare providers, educational institutions, and local businesses. The building currently consists of seven residential units, providing stable cash flow and minimizing vacancy risk through multiple income streams. Investors will appreciate the opportunity to further increase value through thoughtful renovations, improved management strategies, and rental adjustments over time. In addition to the potential for an eighth unit (buyer to verify permitting and zoning), there may be opportunities to create additional units, offering further upside and long-term value enhancement. Opportunities of this size are increasingly difficult to find in the Montpelier market, where inventory remains limited and demand for quality rental housing continues to be strong. With the potential to achieve a 10%+ capitalization rate based on current or optimized operations, the property stands out as an attractive option for investors seeking both yield and long-term appreciation. Situated on Elm Street, residents enjoy easy access to downtown Montpelier's restaurants, shops, recreation, and community amenities, while Interstate 89 provides convenient regional access throughout Central Vermont. Combining strong income characteristics, expansion possibilities, and a highly desirable location, 254 Elm Street offers a compelling opportunity for investors seeking a scalable asset in one of Vermont's most established and resilient rental markets. Please note that property taxes have been accounted for in the operating expenses used in the financial information.

Listed by Gurjot Singh of RE/MAX North Professionals

MLS Number 5077173

• Multifamily
• Address 65 Giddings Street
• Units 7
• Bathroom 7
• Acreage 1.2

Check out the Cash flow in this unique 7-unit property. Consisting of six 1-bedroom units, and one 2-bedroom units, this fully rented multi is perfect for the new investor or to simply add to your current portfolio. This building is conveniently located to town close to food, shops and much more! Text for showing requests. Need at least 72 hrs. for tenant notice. Pictures are from before tenants moved in.In the process of updating the heating system now.

Listed by Amy Vashaw and April Shepard of Twin State Realty LLC

MLS Number 5086924

• Multifamily
• Units 2
• Bathroom 2
• Acreage 0.41
• Square Feet 2,380

132 Rivermount Terrace offers a well-located, neighborhood multi-family home with easy access to Burlington High School, downtown, and the waterfront bike path. This property has been exceptionally maintained and updated, with turnkey units ready for immediate occupancy or rental. Set above the surrounding area, the property overlooks the Intervale and benefits from added separation and privacy. Expansive decks provide great views and privacy for causal outdoor dining, relaxing, or entertaining. The flexible layout works well for live-in owners renting additional units who choose to Airbnb or rent to long-term tenants. Investors take note: recent zoning supports conversion to four units, creating additional upside for investors or owner-occupants looking to increase income potential. A strong option for those looking to live in a fantastic neighborhood and offset ownership costs through rental income or reposition the number of units for higher returns.

Listed by Lipkin Audette Team of Coldwell Banker Hickok and Boardman

MLS Number 5088472

• Multifamily
• Units 10
• Bathroom 10
• Acreage 0.76
• Square Feet 16,057

4 separate lots packaged, and approximately 20,000 SF between two large buildings with potential for 27+ units. The vacant parcel can accommodate approximately 30 parking spaces, or future development opportunities. The package includes a well-maintained 5-unit building featuring 6,769 SF of finished space, a cap rate exceeding 13.5%, and strong long-term tenants already in place. Additional upside exists through potential subdivision and conversion of the commercial and unfinished areas, creating the possibility for 15+ total units. Recent updates include renovated kitchens and baths in select units, newer flooring, a young roof, and a highly efficient Buderus boiler. Also included is a massive 8,300+ SF mixed-use building that formerly operated as a popular pizza restaurant, with substantial restaurant equipment still in place including pizza ovens, fridges, and burners. The upper floors require renovation but offer substantial square footage with the potential for 9+ additional apartments, contributing to the combined 27+ unit potential. Located in the heart of downtown Pittsfield, tenants enjoy walkable access to shops, restaurants, and everyday conveniences, while nearby Drake Field and the Suncook River provide outdoor recreation. Concord is under 30 minutes away, with Boston and Portsmouth also within reach. Buyers to perform their own due diligence regarding approvals, permitted uses, parking requirements, and development potential. PRIVATE SHOWINGS Friday 4-6PM & Saturday 1-3PM.

Listed by Andy Yau of RE/MAX Shoreline

MLS Number 5074718

• Multifamily
• Units 9
• Acreage 0.5
• Square Feet 6,249
• Area VT-Lamoille

Fantastic & unique chance to own two established rental properties in a convenient location! This is an excellent investment opportunity calculated on an 8% cap rate. These two buildings with a total of 9 apartments sit across the road from each other and have been meticulously maintained by the current owners. 59 Railroad St boasts 5 units, and 78 Railroad St offers 4 units, all with a solid rental history. Each unit has undergone complete renovations through the years, expanding upon the efficiency and highlighting the care that the sellers have for their tenants. In a terrific, convenient area just short distance from Johnson Village, both buildings are in a prime location. The current tenants would greatly appreciate staying on with any new owner. Taking on ownership of these two properties is sure to be a smart addition to anyone's investment portfolio. This is the perfect time to build upon your future!

Listed by Trombley & Day Group of BHHS Vermont Realty Group/Morrisville-Stowe

MLS Number 5076840

• Multifamily
• Address 29 Mascoma Street
• Units 3
• Acreage 0.2
• Square Feet 3,262

Prime Commercial & Residential Opportunity. This versatile three-unit property offers an exceptional investment opportunity in a highly sought-after area. The first floor is a fully equipped beauty salon featuring 6 workstations, a tanning room, kitchen, half bath, office space, and ample storage including basement access. The second floor boasts two attractive apartments. Apartment 1 is a spacious 2-bedroom unit with a three-quarter bath, new windows, and abundant natural light. Apartment 2 is a cozy 1-bedroom unit with an enclosed porch, pantry, and beautiful wood floors. Enjoy unbeatable proximity to the Lebanon Green and vibrant Thursday Farmers Market. You'll also be close to restaurants, public library, Dartmouth College and Medical center, convenient access to Interstate 89. Direct access to the Rail Trail offers fantastic hiking and biking adventures, and public transportation is just steps away! This is an ideal opportunity for investors or owner-occupiers seeking income potential and a fantastic lifestyle. Don't miss out on this unique property! *Leb City to start the round about construction April 1, 2026. Leb City will be responsible for rebuilding the stone wall, new paving and relining the parking spots.

Listed by Erika Smith of Coldwell Banker LIFESTYLES - Hanover

MLS Number 5098969

• Multifamily
• Address 37 Tappan Street
• Units 4
• Bathroom 5
• Acreage 0.5

Exceptional investment opportunity! This well-maintained 4 unit multi-family property is a turnkey addition to any portfolio or an ideal owner-occupied investment. The building features one comfortable 2-bedroom, 2 bath apartment and 3 spacious 1-bedroom, 1-bath units, all thoughtfully updated in recent years. Unit 1, a sunny one bedroom unit spanning the first and second floor has just undergone a complete renovation, offering fresh modern finishes. Set on a generous 0.50-acre lot, the vinyl-sided property boasts frontage on both Tappan Street and Maple Street providing convenient access and added appeal. A paved driveway and ample parking accommodate tenants with ease, while the bonus detached 4-car garage offers excellent potential for additional storage, workshop space, or rental income. The partially fenced, landscaped yard enhances the property's curb appeal and outdoor enjoyment. Conveniently located just minutes from Route 11, shopping, dining and everyday amenities,this income-producing property combines strong rental potential with a desirable location.

Listed by Bert Stevens of Somerset Group Real Estate