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!
Active
Listed by: Coldwell Banker Hickok and Boardman • Lipkin Audette Team
Price cut: $55K (6/26)
$1,395,000
18 Park Street, Burlington, VT 05401
10beds
5,017sqft
Multi Family
Built in 1845
-- sqft lot
$-- Zestimate®
$278/sqft
$-- HOA
What's special
Apartments with laundryAmple parkingWell-maintained with fresh paintMoments from the waterfrontTwo buildingsFront brick building
- 53 days |
- 358 |
- 13 |
Zillow last checked:
Listing updated:
Listed by:
Lipkin Audette Team,
Coldwell Banker Hickok and Boardman Phone:802-846-8800
Source: PrimeMLS,MLS#: 5088609
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Natural Gas
Cooling
- None
Features
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 7,003
- Total interior livable area: 5,017 sqft
- Finished area above ground: 5,017
- Finished area below ground: 0
Property
Parking
- Parking features: Paved
Features
- Levels: Two
Lot
- Size: 9,148 Square Feet
- Features: City Lot
Details
- Parcel number: 11403514995
- Zoning description: RH
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Brick, Concrete Slab, Stone
- Roof: Shingle,Slate
Condition
- New construction: No
- Year built: 1845
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Location
- Region: Burlington
Financial & listing details
- Price per square foot: $278/sqft
- Tax assessed value: $1,300,500
- Annual tax amount: $30,734
- Date on market: 5/13/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $1,395,000-3.8%$278/sqft |
Source: | ||
| 5/13/2026 | Listed for sale | $1,450,000+684.2%$289/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 1/10/2019 | Listing removed | $1,090 |
Source: Owner Report a problem | ||
| 1/6/2019 | Listed for rent | $1,090 |
Source: Owner Report a problem | ||
| 7/17/2018 | Listing removed | $1,090 |
Source: Owner Report a problem | ||
| 7/13/2018 | Listed for rent | $1,090 |
Source: Owner Report a problem | ||
| 5/1/2006 | Sold | $184,900$37/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $1,300,500 |
| 2023 | -- | $1,300,500 |
| 2022 | -- | $1,300,500 |
| 2021 | -- | $1,300,500 +88.2% |
| 2020 | -- | $691,100 |
| 2019 | -- | $691,100 |
| 2018 | -- | $691,100 |
| 2017 | $18,411 +37.6% | $691,100 |
| 2016 | $13,376 | $691,100 +9900% |
| 2015 | $13,376 | $6,911 +17.4% |
| 2014 | $13,376 | $5,887 |
| 2013 | $13,376 | $5,887 |
| 2012 | -- | $5,887 |
| 2011 | -- | $5,887 |
| 2010 | -- | $5,887 |
| 2009 | -- | $5,887 |
| 2008 | -- | $5,887 |
| 2007 | -- | $5,887 |
| 2006 | -- | $5,887 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 05401
Nearby schools
GreatSchools rating
- 7/10Sustainability Academy At Lawrence BarnesGrades: PK-5Distance: 0.2 mi
- 5/10Lyman C. Hunt Middle SchoolGrades: 6-8Distance: 2.7 mi
- 7/10Burlington Senior High SchoolGrades: 9-12Distance: 1.4 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Vermont
- Chittenden County
- Burlington
- 05401
- 18 Park Street







