86 N Union St

Burlington, VT 05401

$1,295,000
Price
10
Beds
3
Baths
2,632 Sq. Ft.
$492 / Sq. Ft.
2,632
Sq. Ft.
$492
per Sq. Ft.
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Description

Fully Leased Burlington Triplex Near UVM | 8.0% Cap Rate | 10 Bedrooms Rare opportunity to acquire a fully leased 3-unit multifamily investment property in Burlington, Vermont, located just 4.5 blocks from the University of Vermont and within walking distance of Downtown Burlington. Offering an attractive 8.0% cap rate, this turnkey investment features 10 bedrooms across three units and is fully leased through May 2027 with signed leases and parental co-signers in place. Positioned in one of Burlington's...Fully Leased Burlington Triplex Near UVM | 8.0% Cap Rate | 10 Bedrooms Rare opportunity to acquire a fully leased 3-unit multifamily investment property in Burlington, Vermont, located just 4.5 blocks from the University of Vermont and within walking distance of Downtown Burlington. Offering an attractive 8.0% cap rate, this turnkey investment features 10 bedrooms across three units and is fully leased through May 2027 with signed leases and parental co-signers in place. Positioned in one of Burlington's strongest rental markets, the property benefits from consistent demand driven by its proximity to UVM, downtown employment centers, restaurants, entertainment, and public transportation. The building maintains a strong occupancy history and is currently 100% occupied. Property features include: 3-unit multifamily / triplex 10 total bedrooms 8.0% cap rate Fully leased through May 2027 Signed leases with parental co-signers 7 off-street parking spaces, including detached garage Coin-operated laundry for additional income Hardwood floors throughout Original built-in cabinetry and woodwork Three porches No-smoking property No-animal policy Strong rental history and occupancy record Operating expenses are enhanced by tenant-paid utilities, with tenants responsible for electricity, natural gas heat, and internet service. This Burlington multifamily investment combines stable cash flow, strong in-place income, and long-term appreciation potential in a highly desirable walk-to-campus location. The combination of an 8.0% cap rate, 10-bedroom configuration, ample parking, tenant-paid utilities, and leases secured through May 2027 makes this a compelling opportunity for investors seeking immediate returns and predictable income. Investment Highlights Burlington, Vermont University of Vermont (UVM) location Walk-to-campus investment property Fully leased through May 2027 8.0% cap rate 100% occupied Tenant-paid utilities Coin-operated laundry income Downtown Burlington
  1. Listed by Chad Dion • Chad Dion Real Estate

Property Details for 86 North Union Street

Zoning
R3
LISTING UPDATED: 06/18/2026 07:53 PM

Property Details for 86 North Union Street

StatusActive
MLS #5095537
Days on Market2
Taxes$16,245 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1925
Lot Size0.09 AC / 3,920 SF
CountyChittenden County
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Location

Listing Courtesy of Chad Dion Real Estate
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Building Information for 86 North Union Street

Stories2Residences3Year Built1925Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

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$7,807 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,453

Property Taxes

$1,354

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 86 North Union Street

Summary
Location and General Information
  • City: Burlington
  • County: VT-Chittenden
  • Latitude: 44.482995000000024
  • Longitude: -73.209306084655765
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05401
Taxes and HOA Information
  • SPAN Number: 114-035-15202
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: Yes
  • Garage Capacity: 1.00
  • Driveway: Gravel
Property
Lot Information
  • Lot Features: City Lot, Corner, Near Public Transport
  • Lot Size Acres: 0.09
  • Road Frontage Length: 126.0
  • Total Finished Area: 2632.0
  • Above Grade Finished Area: 2632.0
  • Above Grade Finished Area Source: Assessor
  • Above Grade Unfinished Area: 0.0
  • Below Grade Finished Area: 0.0
  • Below Grade Unfinished Area: 1808.0
  • BelowGradeUnfinishedAreaSource: Assessor
  • Lot Size Square Feet: 3920.0
  • Total Area: 4440.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1925
  • School District: Burlington School District
Utilities
  • Electric Company: Burlington Electric Dept
  • Fuel Company: VT Gas
  • Electric: 100 Amp Service, Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Underground Utilities
  • Total Gas Meters: 4
  • Total Electric Meters: 4
  • Separate Utilities: Yes
  • Internet: Cable Internet
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roof: Asphalt Shingle
  • Total Ranges: 3
Interior Features
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Bulkhead, Concrete Floor, Interior Access, Unfinished
  • Heating: Natural Gas, Baseboard, Hot Water, Monitor Type
  • Cooling: None
  • Total Refrigerators: 3
  • Total Stories: 2
  • Total Water Heaters: 2
Multi Family
Income & Expenses Information
  • Gross Income: $131,340.00
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 1
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 2
Unit Information
Unit 1
  • Unit 1 Style: flat
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 6
  • Unit 1 Lease Term: Annual
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $5,940.00
  • Unit 1 Tenant Pays: Electric, Heat, Internet Service
  • Unit 1 Info: Porch
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Style: Flat
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Level Number: 2
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 3
  • Unit 2 Rental Amount: $3,000.00
  • Unit 2 Info: Porch
  • Unit 2 Tenant Pays: Electric, Heat, Internet Service
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Level Number: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Style: Flat
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $1,940.00
  • Unit 3 Info: Porch
  • Unit 3 Tenant Pays: Electric, Heat, Internet Service
Rental
Rent Information
  • Total Leases: 3

Property History for 86 North Union Street

DateEvent & SourcePriceAppreciation
Jun 17, 2026

Listed (Active)

New England Real Estate Network #5095537

$1,295,000—
Jul 2, 2024

Expired

New England Real Estate Network #4991483

—
Apr 16, 2024

Listed (Active)

New England Real Estate Network #4991483

$1,500,000—
DateEvent & SourcePrice
06/17/2026

Listed (Active)

New England Real Estate Network #5095537

$1,295,000
07/02/2024

Expired

New England Real Estate Network #4991483

—
04/16/2024

Listed (Active)

New England Real Estate Network #4991483

$1,500,000

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

Public Records for 86 North Union Street

Taxable ValueLand$106,700Additions$580,700Total$687,400
Tax Record2024$16,614 ($1,384 / month)
Home Facts
Total Finished SqFt2,632 SqFtAbove Grade Finished SqFt2,632 SqFtStories2Lot Size3,920 SqFtStyleTriplexYear Built1925ZoningRMCountyCHITTENDENAPN(035) 044-3-219-000

Schools near 86 North Union Street

This home is within Burlington School District.
Rating
School
Type
Grades
Distance
Edmunds Elementary School
Public - PK to 5
Edmunds Middle School
Public - 6 to 8
Burlington Senior High School
Public - 9 to 12
Burlington Technical Center
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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More information about 86 North Union Street, Burlington, VT 05401

86 North Union Street is a multi-family home for sale in Burlington, VT 05401. This property was listed for sale on June 17, 2026 by Chad Dion Real Estate, it's currently listed at $1,295,000. This listing's school district is Burlington School District. Nearby schools include Edmunds Elementary School, Edmunds Middle School and Burlington Senior High School. 86 North Union Street is a 10-bed, 3-bath, 2,632 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Chad Dion Real Estate

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 06/19/2026 04:58 PM