214-216 Pine St, Burlington, VT 05401
- $619,000
- 1,772
- SqFt
Listing courtesy of The Steve Audette Team from Coldwell Banker Hickok and Boardman. (Phone: 802-846-8800)
- List Price
- $619,000
- Status
- ACTIVE
- MLS#
- 5094424
- Price Change
- ▼ $20,000 1786123795
- Living Area
- 1,772
- Lot Size
- 1,742
- Acres
- 0.04
- Year Built
- 1899
Property Description
Exceptional investment opportunity in one of Burlington’s most desirable locations! This well-maintained triplex is just a few blocks from downtown, Church Street Marketplace, the Lake Champlain waterfront, and the vibrant South End Arts District. The property offers three 2-bedroom, 1-bathroom apartments for a total of 6 bedrooms and 3 bathrooms. The rear townhouse-style apartment (Unit C) was extensively remodeled in Spring 2026 with a brand-new kitchen, new flooring, and fresh paint, plus it is currently vacant - making it an ideal option for an owner-occupant or an investor seeking market-rate rent. Unit B has also been updated in recent years, while Units A and B are fully rented. With projected rental income for Unit C, the property offers an attractive 7.9% cap rate. Additional features include separate utilities, one off-street parking space, and ample bike storage. Whether you're a seasoned investor looking to expand your portfolio, a first-time landlord, or a buyer seeking to offset ownership costs by living in one unit while collecting rental income from the others, this property offers flexibility, strong income potential, and an unbeatable Burlington location close to restaurants, shopping, parks, entertainment, and more.
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Additional Information
- Taxes
- $9,750
- Listing Agent
- The Steve Audette Team
- Listing Office
- Coldwell Banker Hickok and Boardman
- Style
- Multi-Family
- School District
- Burlington School District
- Exterior Features
- Balcony
- Electric
- Circuit Breakers
- Utilities
- Cable Available
- Basement
- Crawl Space, Unfinished, Exterior Entry
- Foundation
- Stone
- Sewer
- Public Sewer
- Roof
- Asphalt
- Zoning
- Res-High Intensity
- Water
- Public
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