$990,000
$105K PRICE DROP

Estimated payment $7,302/month

Total Views 12,506
8 Beds
4 Baths
3,680 Sq Ft
$269 Price per Sq Ft

Highlights

  • Deck
  • Victorian Architecture
  • Forced Air Heating System
  • Wood Flooring
  • Garden
  • 5-minute walk to City Hall Park

About This Home

Excellent investment opportunity in the heart of Burlington! This well-maintained 4-unit property on St. Paul Street offers strong cash flow and an attractive cap rate between approximately 5.9% and 6.4%. The building features two 1-bedroom units on the first floor and two spacious 3-bedroom units on the upper levels, spread across three stories of living space. Upstairs units enjoy private decks off the kitchens, while the first-floor units each have rear porches opening to a shared, private backyard — a rare find in this location. Tenants also benefit from basement storage and shared laundry, plus multiple heat sources for year-round comfort. With a walkable location close to downtown, the waterfront, colleges, public transit, and all the restaurants and shops Burlington has to offer, this property is as convenient as it is desirable. Whether you’re expanding your portfolio or looking for a stable income-producing asset, this one checks all the boxes. See associated documents for financials and further details. The owner has taken great care of the building and lives local. Be sure to read his detailed improvements over the years that are online in MLS.

Listing Agent

Kathleen OBrien

Four Seasons Sotheby's Int'l Realty License #082.0006036 Listed on: 06/25/2025

Co-Listing Agent

Patrick Oconnell

Four Seasons Sotheby's Int'l Realty License #082.0102393

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $22,575

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Garden

Home Design

  • Victorian Architecture
  • Brick Foundation
  • Concrete Foundation
  • Stone Foundation
  • Wood Frame Construction

Interior Spaces

  • 3,680 Sq Ft Home
  • Property has 3 Levels
  • Basement
  • Walk-Up Access

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • Gravel Driveway
  • On-Street Parking

Schools

  • Edmunds Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Mini Split Air Conditioners
  • Forced Air Heating System
  • Mini Split Heat Pump
  • Baseboard Heating

Additional Features

  • Deck
  • City Lot

Community Details

Overview

  • 4 Units

Building Details

  • 4 Leased Units
  • Gross Income $96,000
  • Net Operating Income $64,554

Property Details

Home Type

Apartment

Est. Annual Taxes

$22,575

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Directions: Follow US-7 North from Shelburne to St. Paul's street. House is on the left as you approach maple street. Parking on Street. Tenants have 2 parking spaces.
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1920
  • Display On Internet: High Speed Intrnt Avail
  • Architectural Style: Victorian
  • ResoLotFeatures: City Lot, Neighbor Business, Rental Complex, Street Lights, Near Public Transit, Near Hospital
  • Road Frontage Type: Public
  • Co List Office Mls Id: 2212-0
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 3680.0
  • Unit Levels: 3
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Water_Body_Access: No
  • Water_View: No
  • Basement_Access_Type: Walk-up
  • Separate_Utilities: Varies
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater
  • Total Bedrooms: 8
  • Flooring: Tile, Wood
  • Basement: Bulkhead, Concrete Floor, Interior Stairs, Storage Space, Unfinished, Interior Entry, Exterior Entry
  • Basement YN: Yes

Exterior Features

  • Driveway: Gravel
  • Exterior Features: Deck, Partial Fence, Garden
  • Roof: Asphalt Shingle
  • Easements: Unknown
  • Construction Type: Wood Frame
  • Waterfront: No
  • Foundation Details: Brick/Mortar, Concrete, Stone

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Street, Parking Spaces 2

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard, Electric, Forced Air, Mini Split
  • Cooling: Other, Individual, Mini Split
  • Utilities: Cable Available
  • Water Source: Public

Schools

  • Elementary School: Edmunds Elementary School
  • High School: Burlington High School
  • Middle Or Junior School: Edmunds Middle School

Lot Info

  • Surveyed: Unknown
  • Zoning: Mixed Use
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4792.0

Multi Family

  • Gross Income: 96000.0
  • Number Of Units Total: 4
  • Net Operating Income: 64554.0
  • Number Of Units Leased: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 22575.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Price Changed $990,000 -9.6% $269 / Sq Ft
06/25/2025 06/25/25 For Sale $1,095,000 -- $298 / Sq Ft
Source: PrimeMLS

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Source: PrimeMLS

MLS Number: 5048411

PrimeMLS