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    Burlington, VT $675,000
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    Burlington, VT $675,000

299 Manhattan Drive

Burlington, VT 05408

MLS # 5080551 Multi-Family Active
$11,384
Taxes
2,410
Square feet
2
# of units
0.14
Acres

Extensively renovated in 2022, this turnkey duplex offers a rare blend of style, flexibility, and income potential in Burlington’s desirable Manhattan Drive location. The property features two well-designed units, each with 2 bedrooms and 1 full bath, plus a bonus study in the lower unit that can function as a third bedroom, office, or guest space. The home has been thoughtfully updated with modern kitchens, baths, flooring, windows, appliances, and in-unit laundry on both levels. Major improvements completed in 2022 include upgraded electrical, plumbing, and heating systems for code compliance, a standing seam metal roof, rear asphalt shingle roof, new rear vinyl siding, insulation upgrades, paving, and participation in the Vermont Gas weatherization program. The flexible layout is ideal for an owner-occupant seeking to offset expenses with rental income, or for a buyer looking for a hybrid long-term / short-term rental opportunity. The upper unit is leased at $2,700/month, while the lower unit has a strong short-term rental history. Additional features include gas heat, a lower-level heat pump for supplemental heating and cooling, all new appliances, a fully installed EV charger, 3 off-street parking spaces, full basement, and a large fenced yard perfect for pets, entertaining, or outdoor enjoyment. Located close to downtown Burlington, the waterfront, Church Street, and local amenities, this move-in ready duplex also offers future upside with attic bonus/potential expansion possibilities subject to buyer due diligence and approvals. A rare opportunity to own a renovated, income-producing property in one of Burlington’s most convenient neighborhoods. This property has been successfully utilized as a short-term rental. Buyers should verify compliance with all City of Burlington short-term rental regulations, including potential owner-occupancy requirements.

Property Type Multi-Family
# of Units 2
Subdivision Name N/A
Year Built 1920
Parking N/A
Road Frontage N/A
Acres 0.14
Gross Income 80446
Annual Expenses 29558
# of Gas Meters N/A
# of Electric Meters N/A
Sq Ft (Above Ground) 2410
Sq Ft (Below Ground) 0
Total Sq Ft 2410
Land Description N/A
Elementary School Integrated Arts Academy
Middle School Edmunds Middle School
High School Burlington High School
Financing Details N/A
Documents Available N/A