40 N Main Street Alburgh, VT $ 499,000
40 N Main Street
$ 499,000
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40 N Main Street

Alburgh, VT, 05440
$ 499,000
Bedrooms8 Baths4.0 Sq 3,566

Monthly Estimate*

$ 3,151

Listed by Michael Preseau, CENTURY 21 North East, 802-309-0147, michaelpreseau@gmail.com
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Multi-Family Home for sale in Alburgh, VT

for $499,000 with 8 bedrooms and 4 full baths. This 3,566 square foot home was built in 1901 on a lot size of 0.26.

Introducing 40 North Main St, a fantastic multi-family building located in the heart of Alburgh, Vermont. With a current cap rate of 9.2% 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. 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. Don’t miss your chance to own this multi-family gem in Alburgh!

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Multi-Family Active

Price

$ 499,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment Building

Lot Size

0.26

Year Built

1901

Town/City

Alburgh

County/Region

Grand Isle

MLS | Web ID

5106976

Features
Interior
Basement Description Storage Space Unfinished
Basement Yes
Total Number of Units 4
Unit 4 Bedrooms 0
Total Full Baths 3
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General
Road Frontage Yes
Sewer Public
Heating Baseboard Hot Water
Cooling None
Utilities Cable Available Telephone Available
Roof Rolled Asphalt Shingle
Garage Yes
Flood Zone No
Zoning None
Year Built 1901
Electric 200+ Amp Service
Style Apartment Building
Stories Count 2
Net Income 46000
Property Condition Existing
Tax Year 2025
Gross Income 83000
Status Detail 0
Covenants No
Construction Materials Wood Frame Vinyl Siding Wood Siding
High School Choice
City Alburgh
School District Grand Island Central School District
Seasonal No
Elementary School Alburgh Community Ed. Center
Middle School Choice
DOM 1
Price Per Sq Ft Total AG 139.93
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Exterior
Lot Features Sidewalks In Town
Driveway Paved
Lot Size Area 0.26
Water Source Public
Garage Capacity 1
Foundation Stone
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* Excluded Features
List By
Michael Preseau

Listing Agent

Century 21 North East

Broker

(802) 309-0147

Phone

michaelpreseau@gmail.com

Email

Affordability Calculator

$3,151
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
5471981 Elementary School
5471983 Middle School
Choice High School High School
Pricing History
DatePricePrice ChangeDescription
8/27/2026$499,000 Listed Price

Map


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40 N Main Street, Alburgh, VT, 05440 is a Multi-Family Home for sale at $499,000 with 3,566 sqft and a lot size of 0.26. 40 N Main Street has 8 bedrooms, 4.0 baths, and was built in 1901. The property's zip code is 05440 which is in Alburgh, VT