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!
Incredible business opportunity! Former liquor outlet and deli with two rental apartments above. Rental income from the two apartments would easily cover your mortgage while you operate or rent the commercial space down below or owner occupy one apartment and rent the other. The Alburgh Beverage Mart served the area for decades and built a solid reputation for its outstanding food and customer service throughout Northwestern Vermont. The current owners are now looking for someone new to reopen and revitalize the property and carry on that proud tradition.
PrimeMLS #1
Jul 6, 2020
Price Changed
$142,900
$40/sq ft
Sep 11, 2019
Price Changed
$149,900
$42/sq ft
Mar 20, 2019
Price Changed
$159,000
$45/sq ft
Dec 6, 2018
Price Changed
$163,000
$46/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,409 (+0.3%)
$24,000 + $152,300
$176,300
2024
$3,401 (+16.2%)
$24,000 + $152,300
$176,300
2023
$2,926
$24,000 + $152,300
$176,300
Public record
Beds
5
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
0.26 Acres
Year renovated
—
Finished Sq. Ft.
6,524
Unfinished Sq. Ft.
—
Total Sq. Ft.
6,524
Year built
1901
Style
Multi-Family (2-4 Unit)
County
Grand Isle County
APN
00900310993
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
Climate risks
Flood Factor
We're working on getting current and accurate flood risk information for this home.
Fire Factor
We're working on getting current and accurate fire risk information for this home.
2/10 Heat Factor
7 hot days expected this year, 15 days in 30 years
Wind Factor
We're working on getting current and accurate wind risk information for this home.
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Alburgh, VT • 05440
Average low and high temperatures (°F)
24
12
26
9
41
25
53
36
63
49
76
60
80
64
77
59
72
55
58
44
44
34
31
18
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
89/ 100
Very good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.6 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 40 N Main St
$495,697
$3,303 under list price of $499K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $275K to $915K.