Enjoy a 7.7% cap rate on this well-Maintained Investment Property in a Prime Burlington Location. This 4-unit multifamily property includes two spacious two-bedroom units and two one-bedroom units. The two-bedroom units are occupied by long-term tenants on month-to-month status, with rents currently below market—offering strong upside potential. A one bedroom unit will be available starting Feb 1, making this a perfect owner occupied opportunity letting the income from the other units pay your mortgage! Recent upgrades include new boilers and hot water tanks installed in 2023. The building is clean, with coin-operated laundry and tenant storage areas.Tenants enjoy the convenience of off-street parking, nearby public transportation, and a location just minutes from the University of Vermont, UVM Medical Center, and downtown Burlington. A solid investment with stable income and room for growth.Seller is licensed Broker
Closed
Listed by: Cannizzaro Real Estate
Bought with: KW Vermont
$645,000
290-292 North Street, Burlington, VT 05401
6beds
2,766sqft
Multi Family
Built in 1899
-- sqft lot
$702,700 Zestimate®
$233/sqft
$2,155 Estimated rent
Home value
$702,700
$668,000 - $738,000
$2,155/mo
Zestimate® history
Owner options
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$3,469/mo
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List your homeWhat's special
Coin-operated laundryTenant storage areasOff-street parkingTwo one-bedroom unitsTwo spacious two-bedroom units
Zillow last checked:
Listing updated:
Listed by:
Paul Cannizzaro,
Cannizzaro Real Estate 802-862-9700
Bought with:
Wen K Dong
KW Vermont
Source: PrimeMLS,MLS#: 5073153
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater, Water Heater off Boiler, Owned Water Heater
Features
- Flooring: Carpet, Vinyl
- Basement: Bulkhead,Concrete Floor,Walk-Up Access
Interior area
- Total structure area: 4,149
- Total interior livable area: 2,766 sqft
- Finished area above ground: 2,766
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, On Site
Features
- Levels: Two
- Patio & porch: Covered Porch, Enclosed Porch
- Frontage length: Road frontage: 61
Lot
- Size: 6,534 sqft
- Features: City Lot
Details
- Parcel number: 11403515155
- Zoning description: Res Med density
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Stone
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1899
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available, Underground Gas
Community & neighborhood
Location
- Region: Burlington
Price history
| Date | Event | Price |
|---|---|---|
| 4/6/2026 | Sold | $645,000-7.7%$233/sqft |
Source:  PrimeMLS #5073153 Report a problem | ||
| 4/4/2026 | Listing removed | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/27/2026 | Listed for rent | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/20/2026 | Listing removed | $1,650$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/18/2026 | Pending sale | $699,000$253/sqft |
Source: PrimeMLS #5073153 Report a problem | ||
| 3/6/2026 | Price change | $1,650-2.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/20/2026 | Listed for rent | $1,700+13.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/12/2026 | Contingent | $699,000$253/sqft |
Source: PrimeMLS #5073153 Report a problem | ||
| 1/6/2026 | Listed for sale | $699,000$253/sqft |
Source: PrimeMLS #5073153 Report a problem | ||
| 1/1/2026 | Listing removed | $699,000$253/sqft |
Source: PrimeMLS #5050952 Report a problem | ||
| 8/4/2025 | Price change | $699,000-6.8%$253/sqft |
Source: PrimeMLS #5050952 Report a problem | ||
| 7/10/2025 | Listed for sale | $750,000$271/sqft |
Source: PrimeMLS #5050952 Report a problem | ||
| 2/7/2025 | Listing removed | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/5/2025 | Listed for rent | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $525,800 |
| 2023 | -- | $525,800 |
| 2022 | -- | $525,800 |
| 2021 | -- | $525,800 +51% |
| 2020 | -- | $348,200 |
| 2019 | -- | $348,200 |
| 2018 | -- | $348,200 |
| 2017 | $9,276 | $348,200 |
| 2016 | -- | $348,200 +10397.4% |
| 2015 | -- | $3,317 |
| 2014 | -- | $3,317 |
| 2013 | -- | $3,317 |
| 2012 | -- | $3,317 |
| 2011 | -- | $3,317 |
| 2010 | -- | $3,317 |
| 2009 | -- | $3,317 -6.3% |
| 2008 | -- | $3,539 |
| 2007 | -- | $3,539 |
| 2006 | -- | $3,539 |
Find assessor info on the county website
Neighborhood: 05401
Nearby schools
GreatSchools rating
- 5/10Integrated Arts Academy At H. O. WheelerGrades: PK-5Distance: 0.3 mi
- 7/10Edmunds Middle SchoolGrades: 6-8Distance: 0.7 mi
- 7/10Burlington Senior High SchoolGrades: 9-12Distance: 1.5 mi
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$702,700
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$716,754
- Vermont
- Chittenden County
- Burlington
- 05401
- 290-292 North Street
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