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 Blake M Gintof • Signature Properties of Vermont • jarahr@signaturepropertiesvt.com

$ 864,900

Est. payment | -/mo

8 Beds

3 Baths

2,640 SqFt

Save

$ 864,900

Est. payment | -/mo

Save

8 Beds

3 Baths

2,640 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,640 sqft

Price per Sqft $327

MLS Listing ID 5112656

Bedrooms 8

Full Baths 3

Construction Status Existing

Year Built 1900

Annual Tax Amount $10,028

Tax Year 2026

Lot Size 2,178 Sqft

Acres 0.05

Property Description

Positioned in one of Winooski's evolving investment corridors, 94 Malletts Bay Avenue offers a compelling opportunity to acquire a three-unit multifamily property with immediate income potential and plenty of room for future upside. Recent renovations and improvements have created a more turnkey investment, allowing a new owner to step into an income-producing asset while still retaining multiple avenues to add value, improve operations, and maximize rents over time. The property features three residential units with practical layouts, including a currently vacant unit that provides immediate flexibility for lease-up, additional improvements, or potential owner occupancy. For the value-add investor, the building offers an attractive foundation for continued cosmetic and property improvements that could further enhance tenant appeal and long-term revenue. Location is a major part of the investment story. Just minutes from vibrant Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, employment centers, shopping, dining, and public transportation, the property sits within an established rental market with excellent regional connectivity. The surrounding corridor continues to evolve, with ongoing investment and longer-term revitalization creating an appealing opportunity to establish a position in the area as it continues to improve. Whether added to an existing portfolio or purchased as a first multifamily investment, 94 Malletts Bay Avenue combines current income, recent improvements, strategic location, and meaningful value-add potential—an increasingly difficult combination to find in the greater Burlington/Winooski market.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning GZDN

Rooms

Basement Entrance Interior

Basement Interior Stairs, Unfinished, Interior Access

Interior

Cooling None

Exterior

Utilities Available Cable

Roof Type Membrane

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools

School District Winooski 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

94 Mallets Bay AVE Winooski, VT 05404