Andover VT Mult-Family Real Estate

MLS Number 5106848

• Multifamily
• Address 14 Sunset Drive
• Units 2
• Acreage 0.59
• Square Feet 5,214

Exceptional investment opportunity in a prime Waterbury location along the highly traveled Waterbury-Stowe/Route 100 corridor. Offering approximately 5,214 finished square feet, this versatile property combines existing residential and income-producing spaces with exciting potential for future multifamily use. The property currently includes spacious residential accommodations featuring three bedrooms with private en suite baths, a chef's kitchen and inviting living areas. An additional portion is currently utilized as a short-term rental, providing an established rental component. Existing retail/commercial space adds another layer of flexibility and may offer potential for conversion into additional residential units, subject to municipal and state approvals. With its generous square footage and adaptable layout, investors may wish to explore opportunities to create additional apartments or further develop the property as a multifamily investment. More than 2,300 square feet of basement space provides substantial storage and utility space, while a two-car garage, ample on-site parking and an elevator/dumbwaiter system add functionality. Location is a standout feature. Situated directly across from Cold Hollow Cider Mill on the Waterbury-Stowe Rd (rte 100) and minutes from Ben & Jerry's, Waterbury Reservoir, downtown Waterbury and Stowe, the property offers convenient access to skiing, hiking, mountain biking, restaurants, shopping and year-round recreation. Whether continuing the property's current combination of uses or exploring additional residential possibilities, 14 Sunset Drive offers a rare combination of location, square footage, parking, flexibility and income potential in one of Central Vermont's most desirable destinations. Buyer to complete due diligence regarding permitted uses, unit count, zoning and conversion possibilities.

Listed by Shannon Kane of CENTURY 21 North East

MLS Number 5098360

• Multifamily
• Address 24-28 North Street
• Units 4
• Bathroom 4
• Acreage 0.03

**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.

Listed by Blake Gintof of Signature Properties of Vermont

MLS Number 5092356

• Multifamily
• Address 261 Union Avenue
• Units 9
• Bathroom 8
• Acreage 0.08

9-unit mixed use property in central Laconia consisting of eight 1-bedroom apartments and a 928 SF commercial space. The building has been improved through updates to several apartments and the common areas, and the roof was replaced in 2021. All 8 apartments are occupied and rents are terrific with an average residential rent of $1,432/unit/month, and opportunity exists for the next owner to add revenue by leasing the commercial space. In total, the property generates ~$155K in pro forma gross revenue and ~$105K per year in NOI, corresponding to a 9.3% cap rate at the asking price. Landlord pays for heat, hot water, cold water, and electricity. There are 6 off-street parking spaces and ample street parking in the immediate vicinity. Owner is a real estate licensee.

Listed by Nick Gray of Gray Property Group,LLC

MLS Number 5078460

• Multifamily
• Address 6-8 Chase Street
• Units 3
• Bathroom 5
• Acreage 0.08

Renovated Burlington Triplex. This 3-unit property with 5 bathrooms offers a strong opportunity for investors or buyers looking for rental income near the University of Vermont. Featuring 11 bedrooms, the building is fully rented and has been thoughtfully renovated with updated kitchens, bathrooms, heating systems, flooring, and interior finishes. Located just across the Winooski River, the property provides easy access to UVM, the UVM Medical Center, downtown Burlington, and Winooski's growing restaurant and retail district. Investors searching for a turn-key Burlington multi-family with stable rental income will appreciate the recent improvements and high-demand location.

Listed by Lipkin Audette Team of Coldwell Banker Hickok and Boardman

MLS Number 5106833

• Multifamily
• Address 7 Crescent Street
• Units 9
• Acreage 0.69
• Square Feet 3,875

Excellent opportunity to add a 9-unit residential property to your investment portfolio! Tucked away on a quiet side street just minutes from downtown Pittsfield, this property offers a desirable combination of location, unit mix and off-street parking. The building consists of 5 studio apartments, 3 one-bedroom units and 1 two-bedroom unit, providing a diversified rental mix with broad tenant appeal. A major benefit for investors is that tenants pay their own heat, helping to reduce owner-paid operating expenses. Additional highlights include town water and sewer, newer heating systems and a newer roof, offering added value and peace of mind for the next owner. The property also offers plenty of off-street parking, a valuable amenity, as well as a large private backyard for tenants to enjoy. Conveniently located near downtown amenities and shopping while still enjoying the quieter setting of a side street. Whether you're looking to expand an existing portfolio or add a substantial multifamily asset, this property offers an attractive opportunity with 9 income-producing units under one roof. ***Also available as part of a larger off-market investment portfolio. Additional properties and portfolio information available upon request.***

Listed by Trish Marchetti of BerkshireHathaway HomeServices Commonwealth R.E

MLS Number 5105293

• Multifamily
• Address 28 Clarke Street
• Units 6
• Bathroom 6
• Acreage 0.15

Remarkable 5-unit multi-family plus commercial space in the heart of downtown Burlington, just one block from Church Street. The building features exceptionally spacious units with tall ceilings, original woodwork, stained glass, and distinctive details throughout. While the property would benefit from updating and modernization, it offers a strong foundation and significant potential for an investor. Ample off-street parking is a rare downtown advantage, and existing commercial space adds flexibility. RH Zoning offers potential for reconfiguration and creation of additional residential units.

Listed by Lipkin Audette Team of Coldwell Banker Hickok and Boardman

MLS Number 5106468

• Multifamily
• Address 494 Wilson Street
• Units 5
• Bathroom 6
• Acreage 0.06

Exceptional, 5-unit multifamily property located on Manchester's desirable East Side. The strong unit mix consists of one 4-bedroom, two 3-bedroom, one 2-bedroom, and one 1-bedroom apartment. The current owner has significantly improved the property, which now features new vinyl plank flooring, updated wooden cabinets, fresh paint throughout, and new bathroom vanities complete with modern fixtures. Washer and dryer hookups are conveniently located in each individual unit, and there is ample street parking available in the immediate vicinity.The financial performance is outstanding when fully occupied, generating $10,300/month (approximately $123,600/year) in gross revenue. Tenants pay their own separate utilities, including heat, hot water, and electricity. Producing roughly $100,000/year in Net Operating Income (NOI), this asset represents a strong 9.0% cap rate, with even further rental upside potential for a new owner willing to continue renovations.

Listed by Aj Pappas of EXP Realty

MLS Number 5104455

• Multifamily
• Address 80 Brinkerhoff Lane
• Units 5
• Acreage 4
• Square Feet 3,544

Classic Stowe Brick Farmhouse with Rental Income & Investment Potential Currently a lucrative rental, this classic Stowe brick farmhouse offers a unique combination of character, flexibility, and income potential, and is ready for your vision and future updates. Ideally situated close to all of Stowe's amenities, this special property is part of a small, planned community with a shared septic system, private shared lane, and no rental restrictions. The main house is currently configured as four separate bedroom suites, each with its own private bath, along with a shared kitchen, living/dining area, and basement laundry. An upstairs room with its own living room has been refreshed with new paint and an updated bathroom. The home also features newer flooring upstairs, newer windows, a repointed brick exterior, and two gas fireplaces. The self-contained, two-story accessory apartment offers additional flexibility and privacy, with a large sunny deck, beautiful slope views, sunroom/office, and its own washer and dryer. The downstairs unit has been updated with new framing and drywall, and electrical rewiring and other electrical work have been completed throughout portions of the house over the years. The property also benefits from a boarding home permit through the city/county, providing additional flexibility for its current use. Buyers should verify permitting and allowable uses with the appropriate municipality. From its classic brick exterior to its versatile multi-unit layout, this property presents an excellent opportunity for an investor, owner-occupant, or buyer looking to create a distinctive Stowe property with multiple rental spaces.

Listed by Bobby Roberts of Rusty Nail Real Estate

MLS Number 5088462

• Multifamily
• Address 22 Pine Street
• Units 12
• Acreage 0.49
• Square Feet 3,894

Development Opportunity intown Exeter. Combo apartment/boarding house, with 12 units rented, utilities included. Some units with kitchens, some with shared baths, this multiunit is grandfathered for 10+ units. Bring your ideas for townhouse design, condo's or single family dwelling in this desirable area behind the Exeter Inn. Developers or investors and builders looking for your next project, this may be it. In need of total renovation, this is open for you new design project.

Listed by Tami Mousseau of BHHS Verani Concord

MLS Number 5105774

• Multifamily
• Units 5
• Bathroom 6
• Acreage 3
• Square Feet 4,872

Multi-Unit in East Conway with expansion opportunities. 4 units plus storage/garage space currently occupy the property. The farmhouse contains 3 units and underwent a major renovation in 2020. All units are rented and have separate high efficiency wall mounted boilers & electric meters. Additional work at the time included insulation, new wiring, and plumbing. The 1-unit freestanding cape was built in 2019. Serviced by town water on 3 acres of land, the property has the ability to add additional units. An easy option would be to finish off the garage, and increase the total units to 7. Additional units could be built on the open and level back land. A fantastic investment in tax-friendly New Hampshire.

Listed by Kevin Killourie of Badger Peabody & Smith Realty