New Listing
94 Mallets Bay Avenue,Winooski, VT 05404
Winooski, VT 05404
Description
Positioned in one of Winooski's evolving investment corridors, 94 Malletts Bay Avenue offers a compelling opportunity to acquire a three-unit multifamily property with immediate income potential and plenty of room for future upside. Recent renovations and improvements have created a more turnkey investment, allowing a new owner to step into an income-producing asset while still retaining multiple avenues to add value, improve operations, and maximize rents over time. The property features three residential units with practical layouts, including a currently vacant unit that provides immediate flexibility for lease-up, additional improvements, or potential owner occupancy. For the value-add investor, the building offers an attractive foundation for continued cosmetic and property improvements that could further enhance tenant appeal and long-term revenue. Location is a major part of the investment story. Just minutes from vibrant Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, employment centers, shopping, dining, and public transportation, the property sits within an established rental market with excellent regional connectivity. The surrounding corridor continues to evolve, with ongoing investment and longer-term revitalization creating an appealing opportunity to establish a position in the area as it continues to improve. Whether added to an existing portfolio or purchased as a first multifamily investment, 94 Malletts Bay Avenue combines current income, recent improvements, strategic location, and meaningful value-add potential-an increasingly difficult combination to find in the greater Burlington/Winooski market.
Details
| MLS # | 5112656 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1900 |
| Days On Site | 6 |
| Listing Provided By | Signature Properties of Vermont | Blake M Gintof |
Features
| Basement | Y |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | GZDN |
| Acreage | 0.05 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas, Direct Vent |
Exterior
| Roof | Membrane |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Stone |
| Lot Features | City Lot |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Cable |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public |
Taxes
| Tax Annual Amount | 10028.42 |
|---|---|
| Tax Year | 2026 |
Area Information
| State | VT |
|---|---|
| County | Chittenden |
| City | Winooski |
| Zip Code | 05404 |
| Area | VT Chittenden |
| School District | Winooski School District |
| Listing VS Median (in 05404) | |
Price: $864,900 low | high Med: $0 On site: 6 low | high Med: | |
Market Activity 05404
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Learn More About This Property
| State | VT |
|---|---|
| County | Chittenden |
| City | Winooski |
| Zip Code | 05404 |
| Area | VT Chittenden |
| School District | Winooski School District |
| Listing VS Median (in 05404) | |
Price: $864,900 low | high Med: $0 On site: 6 low | high Med: | |
