40 N Main St Alburgh, VT 05440
Estimated payment $3,127/month
Highlights
- Baseboard Heating
- High Speed Internet
- Wood Siding
- 1 Car Garage
About This Home
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!
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $4,694
Year Built
- Built in 1901
Lot Details
- 0.26 Acre Lot
Parking
- 1 Car Garage
Home Design
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Basement
- Interior Basement Entry
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Bathrooms
Schools
- Alburgh Community Ed. Center Elementary School
- Choice Middle School
- Choice High School
Utilities
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
- Cable TV Available
Community Details
Overview
- 4 Units
Building Details
- 3 Leased Units
- Gross Income $79,800
- Net Operating Income $44,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,705 | $176,300 | $24,000 | $152,300 |
| 2023 | $2,926 | $176,300 | $24,000 | $152,300 |
| 2022 | $2,731 | $176,300 | $24,000 | $152,300 |
| 2021 | $2,731 | $176,300 | $24,000 | $152,300 |
| 2020 | $2,731 | $176,300 | $24,000 | $152,300 |
| 2019 | $2,731 | $176,300 | $24,000 | $152,300 |
| 2018 | $3,326 | $176,300 | $24,000 | $152,300 |
| 2017 | -- | $176,300 | $24,000 | $152,300 |
| 2016 | -- | $176,300 | $24,000 | $152,300 |
| 2015 | -- | $1,763 | $0 | $0 |
| 2014 | -- | $1,763 | $0 | $0 |
| 2013 | -- | $1,763 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/04/2025 06/04/25 | For Sale | $519,000 | +310.3% | $80 / Sq Ft | |
| 08/06/2021 08/06/21 | Sold | $126,500 | -11.5% | $19 / Sq Ft | View Prior Sale |
| 05/24/2021 05/24/21 | Pending | -- | -- | -- | |
| 12/13/2020 12/13/20 | For Sale | $142,900 | -- | $22 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $126,500 | -- | |
| Deed | $126,500 | -- | |
| Deed | -- | -- |
Source: PrimeMLS
MLS Number: 5044606
APN: 009-003-10993
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