Multi-Family Properties

View all multi-family homes for sale in Addison County and nearby towns. Search through a variety of properties in Middlebury, Shelburne, Charlotte, Brandon, Vergennes, Bristol and much more.

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35 Meadow Lane Castleton VT 05732

Castleton, VT35 Meadow Lane

Price$1,495,000

Est. Mortgage: $/month

MLS Number 5038163

  • Multifamily
  • Address 35 Meadow Lane
  • Units 12
  • Bathroom 12
  • Acreage 1.6

Prime Multi-Family Investment Opportunity in Castleton, Vermont This is a rare opportunity to acquire three solid brick buildings, each containing four units, for a total of twelve rental units in the heart of historic Castleton. Nearly all of the units have been extensively renovated, offering updated interiors and minimal capital improvements needed. The property maintains near 100% occupancy, reflecting strong rental demand and stable income. Located just minutes from Lake Bomoseen and Castleton University, this portfolio benefits from a highly desirable location with consistent tenant interest. Each building offers spacious units, ample parking, and a walkable neighborhood setting. The buildings are centrally located within the charming downtown area, providing easy access restaurants and other community amenities. This is a turnkey investment opportunity that provides reliable cash flow and long-term appreciation potential. It's ideal for both seasoned investors and those looking to grow their multi-family portfolio.

Listed by Will Spanos of KW Vermont-Killington

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$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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44-48 Merchants Row Middlebury VT 05753

Middlebury, VT44-48 Merchants Row

Price$1,350,000

Est. Mortgage: $/month

MLS Number 5042652

  • Multifamily
  • Address 44-48 Merchants Row
  • Units 4
  • Bathroom 4
  • Acreage 0.08

Seller has authorized the Listing Agency to offer compensation to a Buyer Agency of 2.5% of the contract sale price. Such compensation must be included in any offer to purchase.  A versatile residential and commercial property right in downtown Middlebury with great views of both the town green and river for someone who wants convenient downtown living and working, while earning income from additional apartments and small businesses! The owners did major renovations on the entire building including all new wiring, plumbing, new natural gas heating system, new roof, and flooring. The main level of the building works great as a commercial/office space, and includes a full kitchen, 2-3 offices, 3/4 bath and large gathering room. The second and third floors have been turned into a lovely 2-4 bedroom residential apartment. Hardwood floors fill the living and kitchen areas, with windows overlooking the river to the south. A bedroom and 3/4 en suite bath are on this floor as well, with washer and dryer. A separate section is delineated with sliding barn doors can be a second bedroom on this level or office/sitting room. A 3 season porch on the front of the building overlooks the town green to enjoy year round activities! The third floor has two spaces- it could be a bedroom and sitting room, or two separate bedrooms. The lower level has its own entrance, and is a sweet one bedrooom apartment. Fully renovated, it has exposed stone on several walls that adds to the charm, an eat in kitchen that is open to the living space and a 3/4 bath. If that's not enough space, there is a one room commercial space that currently houses a barber shop!

Listed by IPJ Real Estate

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$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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692-694 Church Hill Road Charlotte VT 05445

Charlotte, VT692-694 Church Hill Road

Price$1,349,500

Est. Mortgage: $/month

Pending

MLS Number 5029721

  • Multifamily
  • Units 5
  • Bathroom 6
  • Acreage 3.75
  • Square Feet 6,614

Attention investors! Discover the magic of this historic landmark property in Charlotte featuring a beautifully updated 5-bedroom, 3-bath single-family home alongside a fully occupied 4-unit apartment building with an impressive cap rate! Impeccably maintained and thoughtfully upgraded, the main home showcases an oversized chef's kitchen with granite and stone countertops, hand-crafted maple cabinets, and a Hearthstone wood stove. French doors lead to a formal dining room with built-in glass cabinets that flows into a sun-lit living room. You'll find refinished original wide-board pine floors and several Jotul propane heat stoves throughout this custom home. The flexible floor plan offers a main level office/bedroom with additional bedrooms including a primary suite on the 2nd floor, all with ample storage. Step outside to a back deck overlooking a pond, wooded acreage, mountain vistas, hundreds of perennials, 28 raised bed gardens, and a quintessential 2-story Vermont post & beam barn perfect for various activities - entertaining, yoga, events, art studio, or simply extra storage. The apartment building includes one 2-bedroom unit, two 1-bedrooms, and a studio, with plenty of parking for all including a 1-car garage. Enjoy country living yet close proximity to schools, hiking trails, and restaurants. Only 5 minutes away from the Charlotte beach on Lake Champlain, plus just 20 minutes from downtown Burlington. Don't miss the limitless possibilities this property affords!

Listed by Lipkin Audette Team of Coldwell Banker Hickok and Boardman

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$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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3261 Route 30 North Castleton VT 05735

Castleton, VT3261 Route 30 North

Price$985,000

Est. Mortgage: $/month

MLS Number 5047622

  • Multifamily
  • Address 3261 Route 30 North
  • Units 3
  • Bathroom 4
  • Acreage 0.1

LAKE BOMOSEEN DUPLEX - TWO HOUSES WITH INCOME: 1930 Southern house has original frame, but house was totally renovated in 1989 and Northern house was built. Southern house has 4-bedrooms, 2 1/2 baths and Northern house has two 1-bedroom apartments. New electrical, plumbing, insulation, etc. In 2024, houses were stained. Also, includes storage room between the houses and a storage shed near the Southern house. Decks and windows invite western sunsetviews. Views across the lake include Slate Mountain, with minimal development. This is a perfect opportunity to live in 1 house and rent the other house or two families could purchase together. The 166' of generous lakefront is great for swimming and water is clear at shoreline. Close to Amtrak, restaurants, Community Healthcare, Drugstore, Vermont State University, Skiing, Rutland, Middlebury and New York. Call for an appointment to see this unique income-producing lake property!

Listed by Owen Loughan and Melissa Loughan of Westside Real Estate

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%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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5166 Shelburne Road Shelburne VT 05482

Shelburne, VT5166 Shelburne Road

Price$850,000

Est. Mortgage: $/month

Pending

MLS Number 5039954

  • Multifamily
  • Address 5166 Shelburne Road
  • Units 2
  • Bathroom 2
  • Acreage 0.64

Unique opportunity to own property in Vermont's charming Shelburne Village, in the heart of the Lake Champlain Valley. This residence features two units: a beautiful and historically rich 4-bedroom primary home and a stunning, expansive 1-bedroom ADU/apartment with a soaring cathedral ceiling and modern kitchen and bathroom finishes. An incredible equity-building opportunity-owner-occupy the loft apartment and rent out the historic 4-bedroom home for income. Located in the Village Center Mixed Use zone, offering flexible potential for commercial use, housing, and parking. Rich in historic character, with many period-specific elements thoughtfully unaltered. Recent improvements to the basement, attic, heating/cooling, lighting, and plumbing offer peace of mind. This one-of-a-kind property blends timeless charm with modern comfort in one of Vermont's most sought-after villages.

Listed by Jessica Laffal of Element Real Estate

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$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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1465 West Street Cornwall VT 05753

Cornwall, VT1465 West Street

Price$599,900

Est. Mortgage: $/month

MLS Number 5036590

  • Multifamily
  • Address 1465 West Street
  • Units 2
  • Acreage 2.5
  • Square Feet 3,750

Unique and classic Vermont! Fairview Farm is converted dairy barn that is a real treasure. This property is located on West street in beautiful Cornwall, just a few miles from Middlebury College. The westerly Adirondack views are amazing and the sunsets are spectacular. The property is currently used as two separate units with two bedrooms each but can easily transition to a single unit with ample living space. There are many bonus rooms and storage areas that make the house live large. The smaller barn has a two garage bays and is partially insulated upstairs. You could finish the second floor for additional living space or continue to use as storage. There are many options for this property. We invite you to come and take a look.

Listed by January Stearns of Champlain Valley Properties

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%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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60-62 Main Street Middlebury VT 05753

Middlebury, VT60-62 Main Street

Price$599,000

Est. Mortgage: $/month

Pending

MLS Number 5022266

  • Multifamily
  • Address 60-62 Main Street
  • Units 3
  • Bathroom 3
  • Acreage 0.04

OWN A PIECE OF HISTORY ON MAIN STREET IN MIDDLEBURY! Commercial building in the heart of downtown Middlebury comprises a vibrant retail store, Buy Again Alley, an architect's office, a one bedroom apartment, two studio apartments, and a space opening onto Frog Alley in the rear that has been used as an office and retail space. With nearly 5,000 square feet, the options are numerous. Renovation will be needed. Superb location in the midst of a thriving business district with Middlebury College less than a quarter mile away. This is a building worthy of significant investment for a lifetime of income. Potential to increase the number of residential units.

Listed by k. Cory Foote of BHHS Vermont Realty Group/Vergennes

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$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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44 Turquoise Road Shelburne VT 05482

Shelburne, VT44 Turquoise Road

Price$565,000

Est. Mortgage: $/month

MLS Number 5041481

  • Multifamily
  • Address 44 Turquoise Road
  • Units 2
  • Bathroom 2
  • Acreage 1.35

This versatile single-family home with an accessory dwelling unit (ADU) offers endless possibilities. Set in a serene country setting adjacent to the Meach Cove land and trail system, this bright and inviting raised ranch blends charm, functionality, and income potential. The upper level features a sun-filled living room and a bright eat-in kitchen with a breakfast bar. Solid oak flooring flows throughout the living room, dining area, and hallway. Step out onto the spacious deck to enjoy your morning coffee or relax with a book while taking in picturesque backyard views. The lower-level in-law apartment has a separate entrance and offers the potential for rental income. It can also be easily reconnected to the main home to create a larger living space-ideal for multi-generational living. The flexible layout provides both privacy and versatility. A large barn offers ample room for storing equipment, recreational gear, or even housing animals. The two-car garage, with an additional workshop and storage area, is perfect for hobbyists or those needing extra space. Just minutes from the heart of Shelburne Village, the Shelburne Museum and Farm, shops, restaurants, Shelburne Beach, and top-rated schools, this property combines peaceful country living with convenient access to everything Shelburne has to offer.

Listed by The Nancy Jenkins Team of Nancy Jenkins Real Estate

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$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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33-33a Creek Road Castleton VT 05735

Castleton, VT33-33a Creek Road

Price$415,000

Est. Mortgage: $/month

MLS Number 5033139

  • Multifamily
  • Address 33-33a Creek Road
  • Units 2
  • Bathroom 1
  • Acreage 0.22

Local Landmark with Endless Potential - OWNER FINANCING AVAILABLE. Mixed-Use Building in the Heart of Bomoseen. Step into the heart of the Lake Bomoseen lifestyle with this well-known, mixed-use property full of opportunity! Currently home to a successful deli and Ice Cream window, this beloved local landmark offers incredible versatility with a commercial space on the main level and a spacious 2-bedroom owner's apartment upstairs. The first-floor commercial features 1,132 square feet, with the exciting potential to expand by an additional 374 square feet - perfect for a cafe, boutique, gallery, or office. The beautifully maintained 1,880-square-foot apartment upstairs includes two bedrooms, generous living space, and a large deck overlooking Lake Bomoseen - the ideal spot to relax, entertain, or take in the views. Located at Vermont's largest freshwater lake, the lifestyle here is unbeatable. Enjoy several lakeside restaurants you can boat up to, a scenic 9-hole golf course, and a full-service marina -all just minutes away. There's even potential lake access through a nearby rental company. And for year-round fun, you're just 40 minutes from Killington Ski Area, making this property the perfect base for summer and winter adventures. Affordable, flexible, and full of potential, this is your chance to own a piece of VT. Enjoy living near a college town, several excellent eating establishments, country stores, and direct access to the Ethan Allen train that goes to NYC. LIVE

Listed by Freddie Ann Bohlig of Four Seasons Sotheby's Int'l Realty

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$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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795 Lower Foote Street Middlebury VT 05753
Active With Contract

MLS Number 5038931

  • Multifamily
  • Units 2
  • Acreage 1.42
  • Square Feet 2,610
  • Area VT-Addison

This home is currently a 2-family rental, but has been a single-family residence in the past. Converting it back would not be difficult. It could also work well as a home that has an extra unit for extended family. There are 2 kitchens and 2 washer and dryer hook ups, but new owner could take out a kitchen if not needed. The tenants are both planning to be out by July1, 2025. The house has been well maintained. The large yard is fabulous with lots of room for all kinds of outdoor activities, and a beautiful garden area with established rhubarb bed and raspberry bushes. Combine that with lovely Green Mountain views and you have a lovely property!

Listed by Nancy Foster of Champlain Valley Properties

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$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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38 North Street Bristol VT 05443

Bristol, VT38 North Street

Price$375,000

Est. Mortgage: $/month

MLS Number 5044881

  • Multifamily
  • Address 38 North Street
  • Units 2
  • Acreage 0.14
  • Square Feet 1,894

Seller has authorized the Listing Agency to offer compensation to a Buyer Agency of 2.5% of the contract sale price. Such compensation must be included in any offer to purchase.  Excellent investment opportunity! This duplex is in an excellent location - right in between the library and the old fire station. Close to everything in charming downtown Bristol. Downstairs you will find a two bedroom with softwood floors and full kitchen. Upstairs is a one bedroom with an office nook. The basement has been spray foamed for insulation. The roof is 5 years young. Off street parking and a small garden area behind the units. Open house this Sunday, 6/8 from noon-2pm.

Listed by IPJ Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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116 Lillian Drive Castleton VT 05735

Castleton, VT116 Lillian Drive

Price$330,000

Est. Mortgage: $/month

MLS Number 5036631

  • Multifamily
  • Address 116 Lillian Drive
  • Units 2
  • Bathroom 2
  • Acreage 0.46

Investor-ready duplex just half a mile from Castleton University! This split-entry multi-family property features two spacious 2-bedroom, 1-bath units with open-concept living areas and metal fireplaces. Each unit has private access and shares a 0.46-acre lot in a peaceful residential neighborhood. One unit boasts new appliances, fresh carpet, and interior paint. With a newer standing seam metal roof and exterior repairs already completed, major updates are out of the way. Rent both units or live in one while leasing the other-ideal for parents seeking a smarter solution to student housing costs. Gross rental income projected at ~$4,750/month. Basement partially finished, adding additional usable space. Property can also be converted back to single-family if desired. Public water/sewer, oil hot water heat, and strong rental history. Group showings preferred; 48-hour notice required.

Listed by Nicholas Sicard of EXP Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 6.81% last updated on Jun 18, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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Copyright 2025 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 June 23, 2025 2:22 AM EDT