39 Grove Street

Multi-Family Property
List Price: $465,000
Location: Burlington, VT
MLS #: 5074972
Total Units: N/A
Total Bedrooms: N/A
Total Bathrooms: N/A
Status: Active

Property Description

Welcome to 39 Grove Street - a well-located Burlington duplex that offers flexibility, charm, and solid investment potential. You’re less than 10 minutes to downtown Burlington and just minutes to the Winooski Circle, making this a super convenient spot for commuters and tenants alike. The property features two units: a spacious 2-bedroom on the main level and a 1-bedroom upstairs with a unique layout and the potential to convert to a 2-bedroom with city approval. The downstairs unit welcomes you through a cozy three-season porch into a large kitchen and dining area, with a full bath just off the kitchen. At the center of the unit, the generous living room connects to two well-sized bedrooms, creating a comfortable and functional layout. The upstairs unit can be accessed from either the covered front porch or the rear deck. Inside, there’s a roomy foyer that works perfectly as a mudroom before heading upstairs. The kitchen feels open and bright with great natural light, and the full bathroom nearby features a new shower. Just off the kitchen is a living room with a closet and direct access to the expansive elevated deck - ideal for relaxing or entertaining. The main bedroom also connects to a finished attic/loft space via wood stairs, offering tons of flexibility as a bonus living area, office, storage, or even a potential bedroom thanks to two closets. Additional highlights include an unfinished basement with laundry access through the downstairs unit, a detached two-car garage for storage and parking, and a slate roof that was repaired in 2025 and has been well maintained over the years. Currently fully leased, 39 Grove Street is turn-key for investors, while still offering great flexibility for buyers interested in owner-occupancy. A solid opportunity in a prime Burlington location.

Multi-Family Features

🏢 Multiple Units
💰 Investment Income
📊 Property Management
📈 Scalable Investment

Investment Opportunities

Multiple Income Streams

Generate income from multiple rental units, providing diversified revenue and reduced vacancy risk.

Scalable Investment

Multi-family properties offer excellent potential for scaling your real estate investment portfolio.

Professional Management

Perfect for investors looking to build a managed real estate portfolio with professional oversight.

Rental Analysis

Monthly Rental Income

$3,720 - $5,580

Estimated based on 0.8% - 1.2% of property value

Annual ROI Potential

8% - 12%

Based on typical multi-family returns

School Reports for Burlington

Change Indicators:

Excelling🔺 Improving Not Improving🔻 Declining🔒 Suppressed No Data

Burlington Sd

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Burlington Senior High School

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C P Smith School

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Chamberlin School

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Champlain Elementary School

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Edmunds Elementary School

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Edmunds Middle School

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Frederick H Tuttle Middle School

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Integrated Arts Acad At Ho Wheeler

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J J Flynn School

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Lyman C Hunt Middle School

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Orchard School

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Rick Marcotte Central School

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So Burlington High School

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South Burlington Sd

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Sustain Acad At Lawrence Barnes

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