131 Malletts Bay Avenue Winooski, Vermont 05404

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For Sale Status
$469,000 Price
Multi Type
5 Beds
4 Baths
2,772 Sqft
Listed By Robert Foley of Flat Fee Real Estate

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Winooski is a small riverside city that was once a thriving mill town. The word “Winooski” is Abenaki and translates to “onion”, so residents fondly refer to Winooski as the Onion City. The town consists of a total area of 1.5 square...

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3 unit building with potential for owner occupants and investors alike. Owner occupants could maximize the buildings potential by occupying one unit and leasing the other two or possibly do more profitable short term rentals for expense free living with significant additional income. For those looking for longer term tenants, the building has two oversized two bedrooms and a cozy 1 bedroom unit as well. The updates include a new roof (2020), newer flooring, vanities and other cosmetic improvements. Unit 1 is a well laid out 1 bedroom, 1 bath unit with off street parking. Unit 2 is a 2 bedroom, 1 bath unit with additional large office/den providing for even more possibilities. Unit 3 is a 2 bed, 2 bath with a covered porch. This building is situated on the east side of Malletts Bay so it is elevated and set back from the street providing a good deal of on-site privacy. There is an onsite parking area able to accommodate most if not all tenants. The grounds are landscaped and well maintained. A very unique multifamily property with many different options for making money and/or having a centrally located home with a mortgage paid by the rents of the other units. A great value and must see.

Property Location

Property Details

MLS#  4828924 Bedrooms  5 Garage Size   Car
List Price  469,000 Total Bathrooms  4 Year Built  1920
Type  Multi-Family Lot Size  0.2300 Acres Taxes $7,962
Units  3 Stories  3 Road Frontage  100
Annual Income  $45,000 Style  Multi-Family Water Frontage  
Annual Expenses  $0 Finished  2,772 Sqft Construction  No, Existing
Zoning   residential Above Grade  2,096 Sqft Seasonal  No
Total Rooms  5 Below Grade  676 Sqft List Date  Sep 16th, 2020
Gross Income  $60,000 Operating Expenses  $0 Net Income  $45,000
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $0/Mo Unit 2   2 Beds, 1 Baths, $0/Mo
Unit 3   2 Beds, 2 Baths, $0/Mo
ConstructionWood Frame
BasementWalk-up, Apartments, Unfinished, Walkout, Interior Access
Interior Features
Exterior Features
Exterior  Vinyl Disability Features  
Foundation  Stone House Color  
Floors   Building Certifications  
Roof  Shingle HERS Index  
DirectionsHeading north on the right hand side parking area at top of hill/driveway
Lot Description, City Lot
Garage & Parking  No, , , On Site, Off Street
Road Frontage  100 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  residential
School District  Winooski School District Middle  Winooski Middle/High School
Elementary  Winooski Middle/High School High  Winooski High School
Heat Fuel   Excluded  
Heating/Cool  None, Baseboard, Direct Vent, Space Heater, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Gas-Natural Financing  
Cable Co  Xfinity Documents  
Electric  Circuit Breaker Tax ID  774-246-10922

† The remarks published on this webpage originate from Listed By Robert Foley of Flat Fee Real Estate via the NNEREN IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman Realty cannot be held responsible for possible violations of copyright resulting from the posting of any data from the NNEREN IDX Program.