476-478 St Paul St
Description
Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with three of the four units currently rented- perfect for both investors and owner-occupants seeking steady income and long-term growth. Conveniently located near Shelburne Road, Pine Street, and downtown Burlington, enjoy easy access to shopping, dining, local events, recreation, UVM and Champlain College campuses, the UVM Medical Center, and the local bus line for effortless...Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property offers a strong 7% cap rate, with three of the four units currently rented- perfect for both investors and owner-occupants seeking steady income and long-term growth. Conveniently located near Shelburne Road, Pine Street, and downtown Burlington, enjoy easy access to shopping, dining, local events, recreation, UVM and Champlain College campuses, the UVM Medical Center, and the local bus line for effortless commuting. The property includes two studio apartments and two 2-bedroom units, each thoughtfully updated to attract quality tenants and minimize future maintenance. Unit 476 #1 features two bedrooms, an updated ¾ bathroom with a custom tiled shower, and a refreshed kitchen. Unit 478 #1 also offers two bedrooms, a new kitchen and bathroom, and fresh paint throughout. Units 476 #2 and 478 #2 are spacious studios with convenient mudroom entries and updated kitchens and bathrooms- 478 #2 recently received extensive improvements, including new finishes and fixtures. Major building upgrades provide peace of mind and long-term value, including a new roof installed in November 2023 and a new boiler replaced in 2025. Tenants also enjoy access to a shared laundry room at no cost. With its excellent condition, recent capital improvements, and prime Burlington location, this property presents a turnkey investment opportunity offering immediate income and lasting stability.
- Listed by Elise Polli • Polli Properties
Property Details for 476-478 St Paul Street
Zoning
Residential - Corridor
LISTING UPDATED: 02/17/2026 02:49 PM
Property Details for 476-478 St Paul Street
| Status | Active |
|---|---|
| MLS # | 5067151 |
| Days on Market | 121 |
| Taxes | $10,207 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family |
| Year Built | 1932 |
| Lot Size | 0.20 AC / 8,712 SF |
| County | Chittenden County |
Location
Listing Courtesy of Polli Properties
Add your commute
Building Information for 476-478 St Paul Street
Stories1Residences4Year Built1932Building Size-Lot Size0.20 AC / 8,712 SF
Payment Calculator
$5,720 per month
30 year fixed, 6.15% Interest
Principal and Interest
$4,869
Property Taxes
$851
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 476-478 St Paul Street
Summary
Location and General Information
- City: Burlington
- County: VT-Chittenden
- Directions: From Main Street in Burlington, turn onto South Willard Street. After the stop sign at Cliff Street, turn right onto Howard Street. The property is on the southeast corner of Howard and St. Paul Street.
- Latitude: 44.467067970008891
- Longitude: -73.209186999999986
- Road Frontage: Yes
- Seasonal: No
- State: VT
- Street Designation: Street
- Zip Code: 05401
Taxes and HOA Information
- SPAN Number: 114-035-18391
- Tax Year: 2025
- Tax Year Notes: 2025-2026
- Taxes TBD: No
Parking
- Garage: No
- Driveway: Paved
Property
Lot Information
- Lot Features: City Lot, Corner, Curbing, Sidewalks, Street Lights, In Town, Near Shopping, Near Public Transportatn, Near Hospital
- Lot Size Acres: 0.2
- Road Frontage Length: 128.0
Property and Assessments
- Property Class: Multi-Family
- Construction Status: Existing
- Flood Zone: No
- PreConstruction: No
- Surveyed: Unknown
- Year Built: 1932
Utilities
- Electric Company: Burlington Electric
- Cable Company: Choice
- Fuel Company: Vermont Gas
- Electric: Circuit Breaker(s)
- Sewer: Public
- Water Source: Public
- Utilities: Telephone Available
- Total Gas Meters: 1
- Total Electric Meters: 5
- Separate Utilities: Varies
- Internet: Fiber Optic Internet
Interior and Exterior Features
Exterior Features
- Color: Tan
- Construction Materials: Wood Frame, Wood Siding
- Roof: Asphalt Shingle
- Total Ranges: 4
Interior Features
- Appliances: Natural Gas Water Heater, Owned Water Heater, Tank Water Heater
- Basement: Yes
- Basement Access Type: Walk-up
- Basement Description: Bulkhead, Exterior Access, Unfinished
- Total Full Baths: 4
- Flooring: Carpet, Hardwood, Tile
- Heating: Natural Gas, Baseboard
- Cooling: None
- Total Refrigerators: 4
- Total Rooms Above Ground: 8
- Total Stories: 1.5
- Total Water Heaters: 1
- Trash: Owner
Multi Family
Income & Expenses Information
- Gross Income: $94,800.00
- Net Income: $73,023.00
- Operating Expense Incl: Insurance, Maintenance, Other, Snow Removal, Trash, Utilities, Water/Sewer
- Operating Expense: $21,777
Multi-Family Information
- Total Units: 4
- Total 1 BR Units: 2
- Total 2 BR Units: 2
- Total 3+ BR Units: 0
- Total Heat Units: 1
Unit Information
Unit 1
- Unit 1 Style: 2 Bedroom w/ 3/4 Bathroom
- Unit 1 Baths: 1
- Unit 1 Bedrooms: 2
- Unit 1 Lease Term: Annual
- Unit 1 Level Number: 478 #1
- Unit 1 Rental Amt Freq: Monthly
- Unit 1 Status: Leased
- Unit 1 Rooms: 5
- Unit 1 Rental Amount: $2,300.00
- Unit 1 Tenant Pays: All Utilities
- Unit 1 Info: Appliances Included, Dishwasher, Gas Range, Refrigerator
Unit 2
- Unit 2 Lease Term: Annual
- Unit 2 Style: Studio w/ Full Bathroom
- Unit 2 Baths: 1
- Unit 2 Rooms: 2
- Unit 2 Status: Leased
- Unit 2 Level Number: 478 #2
- Unit 2 Rental Amt Freq: Monthly
- Unit 2 Bedrooms: 0
- Unit 2 Rental Amount: $1,750.00
- Unit 2 Info: Appliances Included, Dishwasher, Electric Range, Refrigerator
- Unit 2 Tenant Pays: All Utilities
Unit 3
- Unit 3 Lease Term: Annual
- Unit 3 Baths: 1
- Unit 3 Rooms: 5
- Unit 3 Level Number: 476 #1
- Unit 3 Rental Amt Freq: Monthly
- Unit 3 Status: Leased
- Unit 3 Style: 2 Bedroom w/ 3/4 Bathroom
- Unit 3 Bedrooms: 2
- Unit 3 Rental Amount: $2,150.00
- Unit 3 Info: Appliances Included, Gas Cooktop, Dishwasher, Wall Oven, Refrigerator
- Unit 3 Tenant Pays: All Utilities
Unit 4
- Unit 4 Lease Term: Annual
- Unit 4 Level Number: 476 #2
- Unit 4 Rental Amt Freq: Monthly
- Unit 4 Style: Studio w/ 3/4 Bathroom
- Unit 4 Rooms: 2
- Unit 4 Baths: 1
- Unit 4 Bedrooms: 0
- Unit 4 Status: Leased
- Unit 4 Rental Amount: $1,700.00
- Unit 4 Info: Dishwasher, Gas Range, Refrigerator
- Unit 4 Tenant Pays: All Utilities
Rental
Rent Information
- Total Leases: 2
Property History for 476-478 St Paul Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 24, 2025 | Listed (Active) New England Real Estate Network #5067151 | $1,050,000 | — |
| May 23, 2007 | Listed (Active) New England Real Estate Network #3040957 | $325,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/24/2025 | Listed (Active) New England Real Estate Network #5067151 | $1,050,000 |
| 05/23/2007 | Listed (Active) New England Real Estate Network #3040957 | $325,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 476-478 St Paul Street
Taxable ValueLand$374,400Additions$57,500Total$431,900
Tax Record2022$9,126 ($760 / month)
Home Facts
Total Finished SqFt2,084 SqFtAbove Grade Finished SqFt2,084 SqFtStories2Lot Size8,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1932ZoningRLCountyCHITTENDENAPN(035) 053-3-026-000
Schools near 476-478 St Paul Street
This home is within Burlington School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Edmunds Elementary School PublicPK to 5 | ||
Edmunds Middle School Public6 to 8 | ||
Burlington Senior High School Public9 to 12 | ||
Burlington Technical Center Public9 to 12 |
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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Listing Courtesy of Polli Properties
Copyright 2026 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 02/23/2026 02:00 AM
