40 North Main Street Alburgh, VT
$519,000
Beds 8
Baths 3
Square Footage 6,524
Acres 0.26
Description
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!
Listed by CENTURY 21 North East, Michael Preseau
Details
MLS 5044606
Price $519,000
Status Active
DOM 187 days
Type Multi-Family
Style Apartment Building
Beds 8
Baths 3 full baths
Square Feet 6,524 sqft
Lot Size 0.26 acres
Year Built 1901
Taxes Paid $4,693
Lot & Building Features
Utilities Cable at Site
Construction Wood Siding, Vinyl Siding, Wood Frame
Cooling None
Heating Hot Water, Baseboard
Sewer Public
Tax Year 2025
Taxes Paid $4,693
Water Public
Basement Description Unfinished
Foundation Stone
Lot Description Sidewalks, In Town
Roof Asphalt Shingle
Garage Yes
Unit Features
Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 1 Info Dryer, Washer, Electric Range, Refrigerator
Unit 1 Lease Term Annual
Unit 1 Level Number 2
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 2300.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays TV Service, Internet Service
Unit 1 Total Area 1550
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Info Electric Range, Refrigerator
Unit 2 Lease Term Annual
Unit 2 Level Number 2
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1850.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Leased
Unit 2 Tenant Pays Internet Service, TV Service
Unit 2 Total Area 816
Unit 3 Baths 1
Unit 3 Bedrooms 3
Unit 3 Info Dishwasher, Electric Range, Refrigerator
Unit 3 Lease Term Annual
Unit 3 Level Number 1
Unit 3 Rental Agreement Yes
Unit 3 Rental Amount 2500.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Tenant Pays TV Service, Internet Service
Unit 3 Total Area 1200
Schools
Elementary School Alburgh Community Ed. Center
Junior High School Choice
Senior High School Choice
Multi-Family Home for Sale: 40 North Main Street, Alburgh, VT 05440
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Financing
$
6.75%
$
$
$
per month
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This calculator only provides an estimate.

