31 West Lane Winooski, Vermont 05404 MLS# 5036555

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For Sale Status

$750,000 List Price

Multi Type

10 Beds

4 Baths

3,100 Sqft

Listed By John Black of Coldwell Banker Hickok & Boardman - (802)585-5347
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Winooski

31 West Lane
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4-Unit Multi-Family Home

Spacious 4-unit multi-family home - prime investment opportunity! Discover this well-maintained, 4-unit multi-family property offering a total of 10 bedrooms and 4 bathrooms, perfectly suited for investors or owner-occupants seeking strong rental income. With 3 of the 4 units bringing in strong rental rates, this property presents immediate cash flow and long-term value. Recent updates throughout include new flooring, fresh paint, modern light fixtures, and updated countertops, giving each unit a clean, contemporary feel. The driveway has been professionally graded to direct water away from the property, helping to maintain a dry basement and preserve the integrity of the home. Ideally located just minutes from the Winooski roundabout, tenants enjoy easy access to popular restaurants, bars, and vibrant nightlife, making this an attractive location for renters and a great addition to any investment portfolio. Don't miss this opportunity to own a turn-key property in a high-demand area with excellent rental potential!

• Strong Financials Within 8% Cap Rate
• New Flooring & Paint
• New Hot Water Heaters in Leased Units
• Updated Kitchen Countertops
• Driveway Graded to Reduce Basement Moist
• Access to Winooski Roundabout & Shopping

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

31 West Lane Winooski

Property Details

List Price  750,000 Bedrooms  10 Garage Size   Car
Cooperation Fee  2.5% Total Bathrooms  4 Year Built  1900
MLS#  5036555 Lot Size  0.06 Acres Taxes $12,664
Type  Multi-Family Days on Market  32 Days Tax Year 2024
Units  4 Stories  3 Road Frontage  117
Annual Income  $71,700 Style  Near Public Transportatn Water Frontage  
Annual Expenses  $0 Finished  3,100 Sqft Construction  No, Existing
Zoning   Residential Above Grade  3,100 Sqft Seasonal  No
Total Rooms  10 Below Grade  0 Sqft List Date  Apr 16th, 2025
Gross Income  $71,700 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 625 SqFt, $1,250/Monthly Unit 2   2 Beds, 1 Baths, 625 SqFt, $1,250/Monthly
Unit 3   3 Beds, 1 Baths, 925 SqFt, $2,000/Monthly Unit 4   3 Beds, 1 Baths, 925 SqFt, $0/Mo
Construction
BasementInterior, Unfinished, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Fieldstone House Color  Beige
Floors  Carpet, Vinyl Plank Building Certifications  
Roof  Slate HERS Index  
Directions
Lot Description, Near Bus/Shuttle
Garage & Parking  No, Driveway
Road Frontage  117 Water Access  
Driveway  Crushed Stone Water Type  
Flood Zone  No Water Body  
Zoning  Residential
School District  Winooski School District Middle  Winooski Middle/High School
Elementary  John F Kennedy Elementary High  Winooski High School
Heat Fuel   Excluded  
Heating/Cool  None, Wall Units Negotiable  
Sewer  Public Parcel Access ROW  Yes
Water   ROW for Other Parcel  Yes
Water Heater   Financing  
Cable Co  Xfinity Documents  
Electric  Circuit Breaker Tax ID  774-246-11634
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.