$519,000

40 North Main Street, Alburgh, VT 05440

  • 3 baths |
  • 8,262 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1901
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $63/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

This listing courtesy of Michael J Preseau, CENTURY 21 North East

Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. 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. With a current cap rate of 8.6% 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. Don’t miss your chance to own this multi-family gem in Alburgh!

Listing Status:
Active
Date Added:
June 4, 2025 at 05:00AM
Listing Office:
CENTURY 21 North East : 802-782-8662
Listing Agent:
Michael J Preseau : 802-309-0147
MLS ID:
5044606
  • Basement: Unfinished
  • A/C: None
  • Heating: BaseboardHot Water

This listing courtesy of Michael J Preseau, CENTURY 21 North East

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

A

Alburg Community Education Center

45 Champlain St, Alburgh, VT, 05440

Grades PK-8

0.14 miles away

A

Alburg Community Education Center

45 Champlain St, Alburgh, VT, 05440

Grades PK-8

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.