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214-216 Pine Street, Burlington, VT 05401

$639,000
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New to the Market Active
BEDS6 BATHS3 full SQUARE FEET1,772 MLS#5094424
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLBurlington

Listing Courtesy of: Coldwell Banker Hickok and Boardman
Agency Contact: Phone: 802-846-8800
Associate Name: Lipkin Audette Team
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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.

214-216 Pine Street | MLS# 5094424

This multi-family property located at 214-216 Pine Street, Burlington, VT 05401 is currently listed for sale with an asking price of $639,000. 214-216 Pine Street is located within the Burlington school district. Search Burlington real estate on www.masiellogrouprealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Crawl Space, Unfinished, Exterior Access
Cooling: None
Heating: Direct Vent
Home Style: Multi-Family
Lot Size: 0.04 Acres
Roof Type: Asphalt Shingle
Stories: 2.0
Taxes: $9,500
Year Built: 1899

Units

Unit 1:
Bathroom(s): 1
Bedrooms: 2
Rent: $1725.00
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $1790.00
Unit 3:
Bathroom(s): 1
Bedrooms: 2

Amenities

Balcony

Feature Descriptions

Color: White
Construction: Wood Frame, Vinyl Siding
Construction Status: Existing
Driveway: Dirt
Driveway: Dirt
Electric: Circuit Breaker(s)
Exterior: Wood Frame, Vinyl Siding
Flood Zone: No
Flooring: Carpet, Laminate, Vinyl Plank
Foundation: Stone
Foundation: Stone
Lot: City Lot, Sidewalks, In Town, Near Shopping, Near Public Transportatn, Near Hospital, Near School(s)
Parking: Parking Spaces 1
Roads: Paved, Public
Sewer: Public
Sq. Ft. Total Finished: 1772
Total Stories: 2
Units: 3
Water: Public
Zoning: Res-High Intensity

Local Schools

School District: Burlington

Listed By / Shown By

Listed By

Agency Name: Coldwell Banker Hickok and Boardman
Agency Contact: Phone: 802-846-8800
Agent Name: Lipkin Audette Team

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Estimated Payment

$ 2,400.18 per month $1,422.14 Principal & Interest $791.67 Property Tax $186.38 Homeowner's Insurance

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