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Listed by Blake M Gintof • Signature Properties of Vermont • jarahr@signaturepropertiesvt.com
$ 864,900
Est. payment | /mo
8 Beds
3 Baths
2,640 SqFt
$ 864,900
Est. payment | /mo
8 Beds
3 Baths
2,640 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,640 sqft
Price per Sqft $327
MLS Listing ID 5112656
Bedrooms 8
Full Baths 3
Construction Status Existing
Year Built 1900
Annual Tax Amount $10,028
Tax Year 2026
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Positioned in one of Winooski's evolving investment corridors, 94 Malletts Bay Avenue offers a compelling opportunity to acquire a three-unit multifamily property with immediate income potential and plenty of room for future upside. Recent renovations and improvements have created a more turnkey investment, allowing a new owner to step into an income-producing asset while still retaining multiple avenues to add value, improve operations, and maximize rents over time. The property features three residential units with practical layouts, including a currently vacant unit that provides immediate flexibility for lease-up, additional improvements, or potential owner occupancy. For the value-add investor, the building offers an attractive foundation for continued cosmetic and property improvements that could further enhance tenant appeal and long-term revenue. Location is a major part of the investment story. Just minutes from vibrant Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, employment centers, shopping, dining, and public transportation, the property sits within an established rental market with excellent regional connectivity. The surrounding corridor continues to evolve, with ongoing investment and longer-term revitalization creating an appealing opportunity to establish a position in the area as it continues to improve. Whether added to an existing portfolio or purchased as a first multifamily investment, 94 Malletts Bay Avenue combines current income, recent improvements, strategic location, and meaningful value-add potential—an increasingly difficult combination to find in the greater Burlington/Winooski market.
Location
State VT
County Vt-chittenden
Area Vt-Chittenden
Zoning GZDN
Rooms
Basement Entrance Interior
Basement Interior Stairs, Unfinished, Interior Access
Interior
Cooling None
Exterior
Utilities Available Cable
Roof Type Membrane
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
School District Winooski School District
NEARBY SCHOOL & BUSINESS