Multi-Family Market Results

5-unit multi-family buildings for sale Burlington VT
Incredible investment opportunity to own a slice of Burlington with 3 buildings on a large corner lot in a great neighborhood sandwiched between the UVM Medical Center, colleges and the Old North End. | MLS# 4839746
 MEDIAN SALE PRICEVS 2019UNITS SOLDVS 2019NEWLY LISTEDVS 2019DAYS ON MARKET
All Counties
Multi-Family$350,000 0.30%16414.70%214-8.20%87
Chittenden County$417,300 7.00%10817.40%138-4.20%57
Addison County$250,000 13.60%15114.30%20-13.00%220
Franklin County$229,750 8.50%40-4.80%51-16.40%111
Grand Isle County$179,900 -44.10%1-50.00%50.00%475

The investor market remains strong in northwest VT, mostly driven by low-interest rates and strong equity positions in existing properties for owners. The median sale price of $350,000 was stable across the region with 7% growth to $417,300 in Chittenden County.

The number of units sold grew substantially over 2019, while properties coming on the market continued a year over year decline. Burlington, the largest city in Vermont, accounts for most multi-family sales in the region, boasting an average sale price in excess of $700,000.

According to the recently published Allen, Brooks & Minor Report, the apartment vacancy rate in Chittenden County is the lowest reported in the past six years at 1.1%. As long as tenants can stay on top of their rent payments – some struggling with unstable unemployment – and housing for college students remains in high demand, the desirability of owning multi-family properties in the region will continue.

Multi-Family Market Share