214-216 Pine Street Burlington, Vermont 05401 MLS# 5094424

Burlington Triplex

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.

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.✱

Property Location

Property Details