86 North Union Street, Burlington, VT, 05401
About This Home
Fully Leased Burlington Triplex Near UVM | 8.0% Cap Rate | 10 Bedrooms Rare opportunity to acquire a fully leased 3-unit multifamily investment property in Burlington, Vermont, located just 4.5 blocks from the University of Vermont and within walking distance of Downtown Burlington. Offering an attractive 8.0% cap rate, this turnkey investment features 10 bedrooms across three units and is fully leased through May 2027 with signed leases and parental co-signers in place. Positioned in one of Burlington's strongest rental markets, the property benefits from consistent demand driven by its proximity to UVM, downtown employment centers, restaurants, entertainment, and public transportation. The building maintains a strong occupancy history and is currently 100% occupied. Property features include: 3-unit multifamily / triplex 10 total bedrooms 8.0% cap rate Fully leased through May 2027 Signed leases with parental co-signers 7 off-street parking spaces, including detached garage Coin-operated laundry for additional income Hardwood floors throughout Original built-in cabinetry and woodwork Three porches No-smoking property No-animal policy Strong rental history and occupancy record Operating expenses are enhanced by tenant-paid utilities, with tenants responsible for electricity, natural gas heat, and internet service. This Burlington multifamily investment combines stable cash flow, strong in-place income, and long-term appreciation potential in a highly desirable walk-to-campus location. The combination of an 8.0% cap rate, 10-bedroom configuration, ample parking, tenant-paid utilities, and leases secured through May 2027 makes this a compelling opportunity for investors seeking immediate returns and predictable income. Investment Highlights Burlington, Vermont University of Vermont (UVM) location Walk-to-campus investment property Fully leased through May 2027 8.0% cap rate 100% occupied Tenant-paid utilities Coin-operated laundry income Downtown Burlington
Getting Around
Walker's Paradise
Some Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1925
Materials
- Foundation: Fieldstone
- Roof: Asphalt Shingle
- Construction materials: Wood Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Bulkhead,Concrete Floor,Unfinished,Interior Access,Walk-Out Access
Bedrooms & Bathrooms
- Bedrooms: 10
- Bathrooms: 3
Features
- Finished area below ground: 0
- Finished area above ground: 2,632
Heating & Cooling
- Heating features: Natural Gas,Baseboard,Hot Water,Monitor Type
- Cooling features: None
Interior Area
- Total structure area: 4,440
- Total interior livable area: 2,632 sqft
Property
Details
- Parcel number: 11403515202
- Zoning description: R3
Features
- Levels: Two
- Frontage length: Road frontage: 126
Lot
- Lot size: 3,920 sqft
- Features: City Lot,Corner Lot,Near Public Transit
Parking
- Total spaces: 6
- Parking features: Gravel,Assigned,Off Street,Parking Spaces 6+
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Winter Weather
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Vermont Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,548 | $78,576 |
| Home Insurance | $236 | $2,832 |
| Property Taxes | $0 | $0 |
| Electricity | $334 | $4,017 |
| Total | $7,118 | $85,416 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-18 | Listed for sale | $1,295,000 |
| 2025-09-04 | Listing removed | $5,940 |
| 2025-08-21 | Listed for rent | $5,940 |
| 2024-07-02 | Listing removed | -- |
| 2024-04-16 | Listed for sale | $1,500,000 |
| 2023-09-13 | Listing removed | -- |
| 2023-08-31 | Listed for rent | $5,850 |
| 2022-09-13 | Listing removed | -- |
| 2022-09-10 | Listed for rent | $5,250 |
| 2021-09-29 | Listing removed | -- |
| 2021-09-22 | Price change | $4,800 |
| 2021-09-02 | Listed for rent | $4,650 |
| 2021-02-24 | Listing removed | -- |
| 2020-09-27 | Listing removed | $4,410 |
| 2020-09-17 | Listed for rent | $4,410 |
| 2020-09-01 | Listing removed | $899,000 |
| 2020-07-18 | Listed for sale | $899,000 |
| 2019-12-07 | Listing removed | $940,000 |
| 2019-08-08 | Listed for sale | $940,000 |
| 2017-09-27 | Listing removed | $3,750 |
| 2017-09-19 | Listed for rent | $3,750 |
| 2016-10-15 | Listing removed | $3,600 |
| 2015-11-30 | Listing removed | $3,400 |
| 2015-09-29 | Listed for rent | $3,400 |
| 2007-05-29 | Sold | $435,000 |
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