Above $1 Million Burlington VT Real Estate, Homes, Condos for Sale

21 Units | 70 Bedrooms | 11% Cap Rate | Burlington, Vermont - Exceptional opportunity to acquire a 21-unit multi-family portfolio consisting of 7 well-maintained buildings in one of Vermont's strongest rental markets. Featuring 70 bedrooms, extensive property upgrades, and strong in-place cash flow, this portfolio offers immediate income with long-term appreciation potential. Ideal for investors seeking scale, stable operations, and a high-yield asset in the coveted Burlington Vermont rental market.

1 Btv Investment St, Burlington

$2,390,000

4 Beds ⋅ 4 Baths ⋅ 5099892 MLS

This custom built 1940’s home has been lovingly cared for with numerous upgrades and additions over the years. Sitting on over three-quarters of an acre with spectacular views, it is one of Burlington’s more exceptional settings, set on a ridge offering privacy and views of Lake Champlain, the city, and the Adirondack Mountains. In an earlier renovation, the owners created a large open floor plan with walls of windows facing south and west, allowing natural light and views to be seen from every angle. In addition, the first floor has an office tucked off to the side, perfect for those working from home. The first-floor primary suite has access to its own deck with westerly views and has direct access to the office. This could easily be incorporated into the primary suite as well. Upstairs you will find another three bedrooms and two baths as well as a family room with a ¾ bath and closet. The exterior of the home has lovely, covered decks, blue stone patios, and stone walls – all of which offer views of the perennial gardens and the lake and mountains in the distance. A south-facing heated greenhouse and a charming enclosed front porch are just a few of the unique features of this custom home. Upgrades over the years include a generous 2-car garage, expanding the back of the house, kitchen and baths, covered porches, central air, and a new roof in 2024.

125 Cliff St, Burlington

$1,549,000

3 Beds ⋅ 3 Baths ⋅ 5098854 MLS

Tucked into South Cove, a secluded neighborhood bordered by Lake Champlain, Red Rocks Park, and Oakledge Park, this completely remodeled home pairs move-in-ready condition with one of Burlington's most private settings. As part of the South Cove Association, homeowners co-own a 0.8-acre lakefront parcel with a private beach and boat ramp reserved exclusively for the neighborhood, and many residents moor their boats in the cove. Inside, the main level features cherry, oak, and walnut hardwood floors and Hubbardton Forge fixtures throughout. An expansive kitchen anchors the main level, with granite countertops, custom cabinetry, an 11-foot center island, a prep sink on its own run of counter, stainless appliances, and radiant heat flooring underfoot. A sun-filled dining area flows into a three-season sunroom and a private backyard. Upstairs, the primary suite offers a lake view and a renovated spa-like bath. Three bedrooms and a dedicated home office provide flexibility for family, guests, and remote work. Both upstairs bathrooms have been remodeled, including a fully new guest bath completed in 2025. Recent improvements include a new roof (2024), Marvin Signature Ultimate windows throughout most of the home (2021), a bluestone front walkway (2023), and custom-fit Hunter Douglas Duette shades. The dry, unfinished 1,351-square-foot basement includes a workshop and offers substantial storage and future finishing potential. Outside, a spacious yard offers room to garden, play, or entertain, with a large bluestone patio and mature trees, complemented by an attached garage and strong curb appeal. Despite its secluded feel, the home is just minutes from downtown Burlington, I-89, the Burlington Bike Path, UVM Medical Center, and waterfront recreation, offering a rare combination of privacy, thoughtful renovation, lake access, and convenience in one of Burlington’s most desirable neighborhoods.

240 S Cove Rd, Burlington

$1,249,900

5098360 MLS

**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.

24-28 North St, Burlington

$1,950,000

5095783 MLS

A fantastic investment opportunity awaits within the walls of this well maintained and beautifully located four unit property. 16 Total bedrooms with a history of being rented for $1,100 per bedroom and coin operated washers and dryers bringing in a gross income of over $213,000 annually. Due to it's nice condition, the property is easily maintained with minimal regular maintenance required netting an annual return of roughly $162,000 or a 8.30% CAP rate, above the market average. Several of the units have been updated and the property features porches and decks, hardwood floors, desirable floorplans, newer mechanicals, and more! Recent improvements such as: siding, windows, appliances, interior remodeling, and, roof work. This is an ideal rental for all with an incredible commute. Roughly half a mile to Burlington's Church Street and the same distance to UVM's main Campus, and not much further from UVM Medical. Built on 0.39 acres the lot has ample parking space and for your future vision.

21 Hyde St, Burlington

$1,295,000

5095537 MLS

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 2027 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 8.0% cap rate Fully leased through May 2027 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 8.0% cap rate, 10-bedroom configuration, ample parking, tenant-paid utilities, and leases secured through May 2027 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 2027 8.0% cap rate 100% occupied Tenant-paid utilities Coin-operated laundry income Downtown Burlington

86 N Union St, Burlington

$1,099,000

3 Beds ⋅ 3 Baths ⋅ 5090961 MLS

This Hill Section home is impeccable, inside and out! The owner has touched every surface since he took ownership in 1994. The exterior sets the stage for what awaits you inside. The front of the house is landscaped with specimen trees and bushes, blue stone walkways, and hedges. The side yard has a beautiful custom fence that is lined by flowering, dwarf crab apple trees that create a privacy hedge for the yard. The poured concrete driveway, the updated slate front steps, the slate covered foundation, and 25-inch copper flashing on the roof edge are examples of the owner’s attention to every detail and improvement. From the kitchen and mudroom/garage additions, newer exterior siding and windows, the architectural shingled roof - every improvement was done thoughtfully and in keeping with the original character of the house. Inside, a generous front entry offers access to a large living room and dining room. French doors give access to a lovely, shaded patio and a professionally designed Japanese-style garden. To the west of the patio is the private fenced yard. An updated playroom/workout room on lower level is great bonus space, and expansion is possible in the walk-up attic. This home is located on one of Burlington most desirable streets with buried utilities, low traffic, and views of the lake around every street corner! Only a few blocks from UVM, UVM Medical Center, and less than a mile from Lake Champlain, downtown, and the bike bath. #Prideofownership is the hash tag for this home!

172 Deforest Rd, Burlington

$1,650,000

5089323 MLS

Opportunity awaits with this unique 7-unit investment property in the heart of Burlington. Situated directly across from beautiful Ethan Allen Park, thisrare offering includes six townhouse-style apartment units plus a separate single-family home, creating strong income potential and flexible rental opportunities. Four ofthe units have recently been extensively updated, including new flooring, new kitchens and new paint over the past several years.The expansive parking area providesample off-street parking for tenants and guests alike. Tenants will love the unbeatable location with nature, recreation, and convenience all at their doorstep. Enjoyimmediate access to walking trails, scenic overlooks, playgrounds, and green space at Ethan Allen Park, while still being just minutes from downtown Burlington, theUniversity of Vermont, University of Vermont Medical Center, local restaurants, shopping, breweries, and the Burlington Bike Path along Lake Champlain. Easy access tomajor roadways and public transportation adds even more appeal for long-term tenants. Whether you’re looking to expand your portfolio or invest in one of Burlington’smost desirable locations, this property offers exceptional potential in a highly sought-after setting. The property is in the Neighborhood Activity Center Zoning Districtwhich offers even further redevelopment potential, reach out for more specific details!

76 Ethan Allen Pkwy, Burlington

$1,395,000

5088609 MLS

Buyer Opportunity: Well-Located 10-Unit Investment with Strong Cash Flow & 9%+ Cap Rate. Rare opportunity to own a 10-unit multi-family property in one of Burlington's most sought-after downtown locations, directly across from Battery Park and moments from the waterfront, bike path, Church Street, restaurants, and downtown employers. The property includes two buildings with a strong unit mix made up of highly desirable and easy-to-rent 1-bedroom and studio apartments - layouts that continue to see consistent demand from tenants seeking downtown living with ample parking! The front brick building contains 4 distinctive apartments, while the rear building offers 6 single-level apartments with straightforward layouts. Well-maintained with fresh paint and tenants paying heat and electric, this property offers easy-to-rent apartments with laundry and a strong cash return in a premier Burlington location!

18 Park St, Burlington

$1,299,000

3 Beds ⋅ 3 Baths ⋅ 5088368 MLS

Located on one of Burlington’s most coveted dead-end streets, this beautifully updated, 1920s center-hall colonial seamlessly blends historic charm with modern luxury. At the heart of the home, a remodeled gourmet kitchen features a large center island, stainless appliances, and an induction range. It flows effortlessly into a gracious dining room highlighted by refinished original hardwoods and lots of windows. A newly added first-floor primary suite serves as a private retreat, complete with mini-split for AC, a tiled walk-in shower, and radiant heat. Bathed in natural light, the versatile floor plan includes a spacious living room with a cozy gas fireplace and an attached sun porch - perfect for a home office or study. Upstairs, the sun-drenched second level offers three flexible rooms, including a secondary bedroom with an en suite bath, an additional bedroom, and a study/office. Beyond aesthetic beauty, the home has undergone significant structural upgrades, including roof, plumbing, electrical, and insulation. Outside, the private fenced backyard features new bluestone walkways and a patio designed for entertaining. A full basement and detached two-car garage provide ample storage. This peaceful oasis is just moments from UVM, with easy sidewalk access to downtown Burlington and bike path.

28 Henderson Ter, Burlington

$1,025,000

1 Beds ⋅ 2 Baths ⋅ 5087757 MLS

Perched atop the historic Liberty House in the heart of Burlington, this truly one-of-a-kind two-story penthouse offers an extraordinary opportunity to own the only residence of its kind in the building. Ideally positioned in the center of the top floor, with a rare and exceptional feature... this residence includes private interior access to the iconic Liberty House cupola, where 360-degree panoramic views stretch across Burlington, Lake Champlain, the Green Mountains, and the Adirondack Mountains. Thoughtfully renovated to preserve its rich architectural heritage while embracing modern comfort and convenience. Inside, the open and inviting floor plan showcases soaring ceilings, abundant natural light, and timeless character throughout. The spacious one-bedroom loft design is both stylish and functional, offering a unique urban retreat unlike any other. On the second level you'll find the primary bedroom suite with full bath and a ladder up to the cupola. Step outside to your private rooftop terrace, where breathtaking westerly views provide the perfect backdrop for morning coffee, evening entertaining, or unforgettable sunsets over Lake Champlain and the Adirondacks. Few properties can rival this spectacular vantage point. Liberty House offers an unmatched lifestyle with an all-inclusive feel—simply pay for electricity while enjoying access to premium amenities, including on-site laundry, a state-of-the-art fitness center, multiple private workspaces ideal for remote professionals, pet wash stations, a dog park, secure building access, elevator service, and well-lit off-street parking. Perfectly situated just moments from Burlington's vibrant downtown, waterfront, and the renowned Burlington Greenway, this exceptional penthouse offers easy access to dining, shopping, recreation, and everything the city has to offer. Whether you're seeking a primary residence or a luxurious downtown retreat, this move-in-ready condo delivers it all.

375 N Ave Unit 503, Burlington

$1,550,000

5087342 MLS

Setting the standard. One of Burlington's top student rental properties, ideally located between campus and downtown on a dead-end street. Features include updated interiors, all newer bathrooms and kitchens, vaulted ceilings, hardwood floors, and spacious, well-designed layouts. Plenty of off-street parking, coin-op laundry, and tenant storage. Strong rental history with the property fully rented through May 2027.

26-28 Converse Ct, Burlington

$1,160,000

5087126 MLS

This 6-unit Burlington investment property combines stability with upside. Featuring two spacious 3-bedroom apartments and four well-sized 2-bedroom apartments. The property offers wonderful layouts, coin-op laundry, storage units, and plenty of on-site parking for tenants. Conveniently located on the edge of the New North End with easy access to downtown, bike path, and the waterfront.

1036 North Ave, Burlington

$1,164,000

5084598 MLS

Spacious 14-bedroom duplex in a prime Burlington location! Recently painted and well-maintained, this unique property offers incredible versatility. Just minutes from UVM and the hospital, it has been successfully operated as a hostel in recent years, making it a proven income-generating opportunity. With ample space and a highly desirable location, this property is perfect for investors, group housing, or continued hospitality use. Don’t miss this rare opportunity in one of Burlington’s most sought-after areas!

36-38 S Union St, Burlington

$1,150,000

5083392 MLS

Incredible opportunity to own a beautifully updated 3-unit property in Burlington’s highly desirable South End, offering stunning views of Lake Champlain from each apartment. This well-maintained building features three one-bedroom units, each thoughtfully upgraded with quality finishes and modern systems. Recent improvements include all new windows, Therma Tru exterior doors, and new flooring throughout. The bathrooms have been tastefully updated with tiled showers, and the property benefits from a new electrical service, upgraded plumbing, and an on-demand hot water system (2026). Additional highlights include energy-efficient mini-split systems, professional insulation for year-round comfort, and newly constructed covered porches with durable Trex decking perfect for taking in the lake views. Ideally located, this property offers easy access to the Burlington Bike Path, University of Vermont Medical Center, and the vibrant Church Street Marketplace. Enjoy close proximity to the Burlington waterfront, along with an array of local shops, restaurants, and all that downtown Burlington has to offer.A rare opportunity to own a turnkey multi-family property in one of Burlington’s most sought-after neighborhoods.

56 Wright Ave, Burlington

$6,950,000

5083112 MLS

Rare opportunity to acquire a fully renovated, income-producing multi-building portfolio in Burlington’s highly desirable Downtown Center (FD5) zoning district. 260 & 252 College Street offer a combined 20 residential units with 48 total bedrooms, ideally positioned for strong rental demand and long-term appreciation. 260 College Street features 14 units (45 beds) within a historically significant structure originally built in 1906 and thoughtfully converted to multifamily use. A comprehensive, unit-by-unit gut renovation completed in 2026 delivers modern systems and finishes throughout, including new kitchens, baths, electrical, plumbing, sprinkler system, and common boiler. The property benefits from high ceilings (up to 18’), maximizing livability and tenant appeal, while added bedrooms and newly created units enhance income potential. Additional capital improvements include secure gated access, camera system, exterior lighting, and upgraded common amenities, positioning the asset as a turnkey, low-maintenance investment. 252 College Street complements the offering with a fully renovated 3-unit building (completed 2025), converted from office to residential use. Each unit features modern finishes, in-unit laundry, and separate boilers, providing operational efficiency and strong tenant demand. Together, the properties offer diversified unit mix, separately metered electric, and significant recent capital investment across all major systems—minimizing near-term expenses. Located in a prime rental corridor near downtown amenities, employment, and universities, the portfolio is well-positioned for stable occupancy and continued rent growth. Ideal for investors seeking a turnkey asset with scale, strong cash flow potential, and long-term upside in one of Vermont’s most resilient rental markets.

252-260 College St, Burlington

$1,099,000

5082429 MLS

Well-located, 6-unit, brick multi-family property just moments from the Church Street Marketplace, with immediate access to downtown Burlington's coveted retail, dining, and employment hubs. The desirable apartment mix includes five 1-bedroom apartments and one 4-bedroom unit, offering flexibility across tenant profiles and strong rental demand! Recent capital improvements include updated electrical systems with separate panels for each unit. Tenants pay their own heat and electricity for low owner's operating expenses. Additional features include front and rear porches, a large full basement for storage, and a current Certificate of Occupancy from the City valid through 2031. A centrally located, turn-key multi-family with long-term potential in Burlington's core rental market.

198-200 King St, Burlington

$1,495,000

4 Beds ⋅ 3 Baths ⋅ 5082283 MLS

Lovingly and meticulously updated Victorian blends historic charm with refined contemporary living. Since 2019, this gorgeous home has been extensively renovated with a new kitchen, three new baths, new lighting, and efficient heat pump for whole house year-round comfort, all with new wiring and plumbing. All the work is done. Inside, exquisite unpainted woodwork, pocket doors, stained glass, and original hardwood floors create a warm, light-filled ambiance. Double wall construction creates a surprisingly quiet interior. The chef’s kitchen, rebuilt to the studs, showcases custom cabinetry, Danby VT marble counters and large island, 4-burner gas range with griddle and electric oven, wine fridge, coffee bar, and original pantry - perfect for entertaining. The expansive primary suite is a sanctuary, featuring a spa-like marble bath with soaking tub, steam shower, heated towel bars, and radiant heat. Additional distinctive spaces include a soaring post-and-beam attic and “tower room” ideal for a studio, office, or retreat, plus a local quarried red stone basement with wine cellar and gym. Outdoors, enjoy a gracious wrap-around porch, private courtyard, and lush gardens. Ideally located near downtown, with easy access to shops, dining, the waterfront, UVM, Champlain College, and the UVM Medical Center. This rare blend of beautiful design, highest quality construction, and modern luxury features sets the stage for an exceptional urban lifestyle. City records reflect six bedrooms; there is a first- floor office with adjoining bath which could be a fifth bedroom. While a wonderful home, the property is located in the downtown zoning district allowing for a wide range of commercial, retail, hospitality uses.

25 Buell St, Burlington

$1,849,990

3 Beds ⋅ 3 Baths ⋅ 5081583 MLS

Motivated sellers! One-level living option! Perched in Burlington's coveted Hill Section, this contemporary home offers sweeping views of Lake Champlain and the Adirondacks - enjoyed from most rooms throughout the house. The thoughtfully designed layout includes 3 bedrooms and 3 baths, highlighted by a standout primary suite featuring a dramatic wall of windows to enjoy the views, custom built-in woodwork, dual walk-in closets, and a spa-inspired tiled bath with soaking tub and separate shower. Warmth and ambiance are found in both the living room and den, each with a gas fireplace and beautiful woodwork. The upgraded kitchen blends style and character with granite countertops, a tiled backsplash, and retro-inspired appliances. An expansive second-floor bonus room with a balcony and adjoining bath provides flexible space ideal for a gym, game room, or guest suite, while a dedicated theater room adds the perfect spot for movie nights. Outdoor living is equally impressive with a 3-season sunroom, a generous back deck featuring a sunken hot tub, and panoramic westerly views - perfect for taking in Burlington's legendary sunsets year-round. Additional highlights include a 2-car garage and a prime location just minutes from the Burlington Country Club, UVM/Medical Center, Champlain College, the South End Arts District, and Downtown Burlington.

165 Crescent Rd, Burlington

$1,125,000

5078460 MLS

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.

6-8 Chase St, Burlington

$1,299,900

2 Beds ⋅ 2 Baths ⋅ 5077993 MLS

Live the Lakefront Lifestyle at Westlake! Experience Burlington’s premier waterfront living in this coveted southwest corner residence, where sweeping views of Lake Champlain and the Adirondack Mountains take center stage. From the Living and Dining Rooms to the Chef’s Kitchen, Primary Suite, Bath, and private Office/Second Bedroom, every principal space is positioned to capture breathtaking sunsets and ever-changing lake vistas. Custom designed by architects for effortless luxury, Residence #404 offers an open-concept floor plan that balances sophistication with comfort. The chef’s kitchen is beautifully appointed with a Viking professional range, curated designer lighting, and bespoke natural woodwork crafted from Vermont timber — a refined nod to place and craftsmanship. Sunlight fills the living spaces, which flow seamlessly to a private balcony ideal for morning coffee, alfresco dining, or unwinding after an outdoor adventure on the water. The primary suite is a serene retreat overlooking the lake, while the dedicated office with integrated Murphy bed provides flexible accommodations for guests or today’s work-from-home lifestyle. Additional amenities include two garage parking spaces, a private storage locker, and the convenience of a new elevator (2026). Westlake offers direct access to Burlington’s most treasured destinations — Courtyard, Waterfront Park, the Burlington Bike Path, marinas, beaches, and an array of award-winning restaurants. Church Street Marketplace, the University of Vermont, UVM Medical Center, Burlington International Airport, and world-class skiing in the Green Mountains are all within easy reach. This is lakefront living at its finest — where luxury, location, and lifestyle converge on the shores of Lake Champlain.

35 Cherry St Unit Unit 404, Burlington

$2,500,000

5064074 MLS

Rare direct lakeshore meets unmatched privacy at the end of a quiet road, just minutes from downtown Burlington. This west-facing gem offers stunning sunsets over Lake Champlain and borders the scenic Winooski River and bike trail, making it a dream location for nature lovers and outdoor enthusiasts. Owned by the same Vermont family for over 100 years, this property is steeped in history and character. Once home to a thriving boating, fishing, and camping business, it’s ready to be reimagined, whether as a private family compound or a multi-unit development. Towering shade trees provide cool refuge on hot summer days, and the land invites exploration of its rich legacy built over three generations. Canoe, kayak up the Winooski River, ice fish in the winter, there is a boat ramp for easy access to the broad lake. Hop on the bike path for cross country skiing, biking, or walking. Stunning views of the Adirondacks. 570 feet of direct lakeshore. Opportunities like this are vanishingly rare. A lakeside sanctuary with commercial potential and deep roots in Vermont’s heritage.

3181 North Ave, Burlington

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