REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Ken Stempler

ken@trilogyrealty.group +1(603) 759-3433

Listed by Michael J Preseau • CENTURY 21 North East

$ 499,000

Est. payment | -/mo

8 Beds

4 Baths

3,566 SqFt

Save

$ 499,000

Est. payment | -/mo

Save

8 Beds

4 Baths

3,566 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,566 sqft

Price per Sqft $139

MLS Listing ID 5106976

Bedrooms 8

Full Baths 4

Construction Status Existing

Year Built 1901

Annual Tax Amount $4,681

Tax Year 2025

Lot Size 0.260 Acres

Acres 0.26

Property Description

Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. With a current cap rate of 9.2% the potential for steady rental income and appreciation in this charming Vermont community, 40 North Main St is a smart investment that combines comfort, convenience, and opportunity. This investment opportunity features a well-maintained structure that boasts multiple rental units, ideal for both seasoned investors and those looking to enter the real estate market. The property includes three spacious apartments as well as a first floor commercial unit that can be renovated or converted to an additional 3 bedroom unit, each designed to maximize comfort and functionality. First floor unit was completely renovated and a New Heating system was installed for entire building in 2022 With a mix of two and three-bedroom layouts, these units feature large windows that fill the living spaces with natural light, along with updated kitchens and bathrooms that cater to modern living needs. The inviting living areas create a warm atmosphere, making each apartment a desirable place to call home. Its prime location that provides easy access to local amenities, including shops, restaurants, and recreational facilities, making it a sought-after spot for renters. Don't miss your chance to own this multi-family gem in Alburgh!

Location

State VT

County Vt-grand Isle

Area Vt-Grand Isle

Zoning None

Rooms

Basement Entrance Interior

Basement Storage Space, Unfinished

Interior

Cooling None

Exterior

Garage Spaces 1.0

Utilities Available Cable Available, Telephone Available

Roof Type Rolled,Asphalt Shingle

Building

Story 2

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

Schools

Elementary Schools Alburgh Community Ed. Center

Middle Schools Choice

High Schools Choice

School District Grand Island Central School District

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(603) 759-3433

ken@trilogyrealty.group

Learn More About LPT Realty

40 N Main ST Alburgh, VT 05440