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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.

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Basic Information

  • PricePerSqFt327.61

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms3
  • Unit 2 Bath1
  • Unit 2 Bedrooms3
  • Unit 3 Bath1
  • Unit 3 Bedrooms2
  • # of 2 Bedrooms1
  • # of 3+ Bedrooms2
  • Bathroom3
  • Total Baths3
  • BasementInterior Stairs, Unfinished, Interior Access
  • FoundationStone

Tax Information

  • Tax Year2026

Location

  • TownWinooski
  • StateVT
  • Zip05404
  • CountyChittenden
  • ZoningGZDN
  • Address94 Mallets Bay Avenue
  • Flood Zone Y/NNo

Exterior

  • RoofMembrane
  • Exterior ColorGrey

Utilities

  • Heat SystemNatural Gas, Direct Vent
  • WaterPublic
  • ElectricCircuit Breaker(s)
  • SewerPublic
  • UtilitiesCable

Basic Information

  • StatusACT
  • List Price$864,900
  • Date Price Change10/02/2026
  • MLS Number5112656
  • MLS StatusActive

Property

  • Acreage0.05
  • GarageNo
  • Parking Spaces
  • Lot DescriptionCity Lot
  • Square Feet2,640
  • APX Fin AG Sqft2,640
  • Road Frontage25
  • RoadsPublic
  • AreaVT-Chittenden

Other

  • Taxes$10,028
  • Seasonal Y/NNo
  • Operating Expenses16974
  • Date Listed10/02/2026
  • Unit 1 Deposit$2,095
  • Unit 2 Rent Amount$2,295

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated October 2, 2026 5:08 PM UTC

 

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