40 N Main St

Alburgh, VT 05440

$519,000
Price
8
Beds
6,524 Sq. Ft.
$80 / Sq. Ft.
6,524
Sq. Ft.
$80
per Sq. Ft.

Description

Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality....Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality. First floor unit was completely renovated and a New Heating system was installed for entire building in 2022 With a mix of two and three-bedroom layouts, these units feature large windows that fill the living spaces with natural light, along with updated kitchens and bathrooms that cater to modern living needs. The inviting living areas create a warm atmosphere, making each apartment a desirable place to call home. Its prime location that provides easy access to local amenities, including shops, restaurants, and recreational facilities, making it a sought-after spot for renters. With a current cap rate of 8.6% the potential for steady rental income and appreciation in this charming Vermont community, 40 North Main St is a smart investment that combines comfort, convenience, and opportunity. Don’t miss your chance to own this multi-family gem in Alburgh!
  1. Listed by Michael Preseau • CENTURY 21 North East

Property Details for 40 North Main Street

Zoning
none
LISTING UPDATED: 06/04/2025 06:07 PM

Property Details for 40 North Main Street

StatusActive
MLS #5044606
Days on Market204
Taxes$4,694 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1901
Lot Size0.26 AC / 11,325 SF
CountyGrand Isle County

Location

Listing Courtesy of CENTURY 21 North East
Add your commute

Building Information for 40 North Main Street

Stories2Residences4Year Built1901Building Size-Lot Size0.26 AC / 11,325 SF

Payment Calculator

$2,956 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,565

Property Taxes

$391

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 North Main Street

Summary
Location and General Information
  • City: Alburgh
  • County: VT-Grand Isle
  • Latitude: 44.977226000001004
  • Longitude: -73.299425999999997
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05440
Taxes and HOA Information
  • SPAN Number: 00900310993
  • Tax Year: 2025
  • Taxes TBD: No
School Information
  • School - High: Choice
  • School - District: Grand Isle School District
  • School - Elementary: Alburgh Community Ed. Center
  • School - Middle/Jr: Choice
Parking
  • Garage: Yes
  • Garage Capacity: 1.00
  • Driveway: Paved
Property
Lot Information
  • Lot - Sqft: 11326.0
  • Lot Features: Sidewalks, In Town
  • Lot Size Acres: 0.26
  • Road Frontage Length: 140.0
  • Square Feet Apx Finished Above Grade: 6524.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 8262.0
  • Square Feet Apx Total Finished: 6524.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 1738.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1901
Utilities
  • Electric: 200 Amp
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable - At Site
  • Separate Utilities: No
  • Internet: High Speed Intrnt -AtSite
Interior and Exterior Features
Exterior Features
  • Color: White
  • Construction Materials: Wood Frame, Vinyl Siding, Wood Siding
  • Roof: Shingle - Asphalt
  • Total Ranges: 3
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Total Full Baths: 3
  • Heating: Baseboard, Hot Water
  • Cooling: None
  • Total Refrigerators: 3
  • Total Stories: 2
  • Total Water Heaters: 3
Multi Family
Income & Expenses Information
  • Gross Income: $79,800.00
  • Net Income: $44,800.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Trash, Utilities, Water/Sewer
  • Operating Expense: $35,000
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 0
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 2
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Lease Term: Annual
  • Unit 1 Level Number: 2
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Apx Sqft: 1550.0
  • Unit 1 Rental Amount: $2,300.00
  • Unit 1 Tenant Pays: Internet Service, TV Service
  • Unit 1 Info: Dryer, Range - Electric, Refrigerator, Washer
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Level Number: 2
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Apx Sqft: 816.0
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,850.00
  • Unit 2 Info: Range - Electric, Refrigerator
  • Unit 2 Tenant Pays: Internet Service, TV Service
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Level Number: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Apx Sqft: 1200.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Rental Amount: $2,500.00
  • Unit 3 Info: Dishwasher, Range - Electric, Refrigerator
  • Unit 3 Tenant Pays: Internet Service, TV Service
Rental
Rent Information
  • Total Leases: 3

Property History for 40 North Main Street

DateEvent & SourcePriceAppreciation
Jun 4, 2025

Listed (Active)

New England Real Estate Network #5044606

$519,000—
Aug 6, 2021

Sold

New England Real Estate Network #4841627

$126,500—
Dec 13, 2020

Listed (Active)

New England Real Estate Network #4841627

$142,900—
DateEvent & SourcePrice
06/04/2025

Listed (Active)

New England Real Estate Network #5044606

$519,000
08/06/2021

Sold

New England Real Estate Network #4841627

$126,500
12/13/2020

Listed (Active)

New England Real Estate Network #4841627

$142,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 North Main Street

Taxable ValueLand$24,000Additions$152,300Total$176,300
Tax Record2024$4,705 ($392 / month)
Home Facts
Baths3Total Finished SqFt6,524 SqFtAbove Grade Finished SqFt6,524 SqFtStories2Lot Size11,326 SqFtStyleTriplexYear Built1901CountyGRAND ISLEAPN(003) NM002-B

Schools near 40 North Main Street

This home is within Alburg School District.
Rating
School
Type
Grades
Distance
Alburg Community Education Center
Public - PK to 8
Rating
School
Distance
Alburg Community Education Center
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 40 North Main Street, Alburgh, VT 05440

40 North Main Street is a multi-family home for sale in Alburgh, VT 05440. This property was listed for sale on June 4, 2025 by CENTURY 21 North East, it's currently listed at $519,000. It has been on the market for a total of 204 days and was last sold on August 6, 2021. This listing's school district is Alburg School District. Nearby schools include Alburg Community Education Center. 40 North Main Street is a 8-bed, 3-bath, 6,524 sqft multi-family home built in 1901.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of CENTURY 21 North East

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/26/2025 09:24 AM