NOT LISTED FOR SALE

279 Saint Paul St Burlington, VT 05401

South End Neighborhood
8 Beds
16 Baths
8,577 Sq Ft
0.26 Acres

Last Sold February 26, 2020

Last sale price $2,390,000 $279 Per Sq Ft

78 Days on Market

Highlights

  • Federal Architecture
  • Covered Patio or Porch
  • High Speed Internet
  • Wood Flooring
  • Space Heater
  • Walk-Up Access

About This Home

As of February 2020

The original 1827 Brick Federal Style house has been recently updated and expanded to house 16 one-bedroom/studio apartments in downtown Burlington. The property is well located adjacent to Smalley Park and an easy stroll to downtown and the waterfront. The apartments have modern upgrades, remodeled kitchens, plenty of parking, some lake views and are fully occupied. Burlington's low vacancy rates in conjunction with a strong labor market continue to drive demand for high-quality rentals - especially these one-bedroom and studio apartments. Development Opportunity located in the Opportunity Zone and Downtown Zoning District with form based zoning. Invest in one of Burlington's landmark rental properties today!

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 08/20/2019

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Listed on: 08/20/2019

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,071

Year Built

  • Built in 1827

Lot Details

  • 0.26 Acre Lot
  • Lot Sloped Up

Home Design

  • Federal Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof

Interior Spaces

  • 16 Full Bathrooms
  • 2.5-Story Property

Flooring

  • Wood
  • Carpet
  • Vinyl

Basement

  • Partial Basement
  • Walk-Up Access

Parking

  • 1,120 Car Parking Spaces
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Space Heater
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 040

Community Details

Overview

  • 16 Units

Building Details

  • 17 Separate Gas Meters
  • Operating Expense $58,661
  • Gross Income $225,912
  • Net Operating Income $167,251

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,071

Year Built

Built in 1827

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Federal, Multi-Family
  • Directions: From Main Street, in order to avoid St. Paul Street construction, head south on S. Winooski Ave, then take a right down Adams Street, then left on Saint Paul Street. Property is immediately on the right, directly across from Smalley Park.
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2.5
  • Price Per Sq Ft: 278.65
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 8785
  • Sq Ft - Apx Total Finished: 8577
  • Year Built: 1827
  • Remarks Public: The original 1827 Brick Federal Style house has been recently updated and expanded to house 16 one-bedroom/studio apartments in downtown Burlington. The property is well located adjacent to Smalley Park and an easy stroll to downtown and the waterfront. The apartments have modern upgrades, remodeled kitchens, plenty of parking, some lake views and are fully occupied. Burlington's low vacancy rates in conjunction with a strong labor market continue to drive demand for high-quality rentals - especially these one-bedroom and studio apartments. Development Opportunity located in the Opportunity Zone and Downtown Zoning District with form based zoning. Invest in one of Burlington's landmark rental properties today!
  • List Agent: 282798
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Partial
  • Sq Ft - Apx Finished AG: 8577
  • Sq Ft - Apx Unfinished AG: 208

Exterior Features

  • Construction: Masonry, Wood Frame
  • Driveway: Paved
  • Exterior: Brick
  • Foundation: Slab - Concrete, Stone
  • Road Frontage: Yes
  • Roads: Paved, Public
  • Roof: Shingle - Asphalt, Slate
  • Easements: Unknown
  • Features Exterior: Porch - Covered

Garage/Parking

  • Parking: Off Street, On-Site, Parking Spaces 11 - 20, Paved

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: Vermont Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Tank
  • Heating Fuel: Gas - Natural
  • Heating: Space Heater
  • Electric Company: Burlington Electric
  • Separate Utilities: Varies
  • Total Electric Meters: 18
  • Total Gas Meters: 17
  • Total Ranges: 16
  • Total Refrigerators: 16
  • Utilities: High Speed Intrnt -Avail

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Map: 049-4
  • Lot: 040
  • Lot Sq Ft: 11326
  • Lot Acres: 0.26
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: DT
  • Deed Book: 1320
  • Deed Page: 676-677
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 225912
  • Net Income: 167251
  • Total Full Baths: 16
  • Total Units: 16
  • Total1 Bedroom Units: 16

Tax Info

  • Tax Gross Amount: 33071.04
  • Tax Year: 2019

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
02/26/2020 02/26/20 Sold $2,390,000 0.0% $279 / Sq Ft
11/06/2019 11/06/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $2,390,000 -- $279 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Lipkin Audette Team

    Seller's Agent in 2020

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    60 in this area

    1,138 Total Sales

    Lipkin Audette Team
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Map

Source: PrimeMLS

MLS Number: 4771912

PrimeMLS
Vermont Chittenden County Burlington 05401 South End

279 Saint Paul St, Burlington, VT

This home is located at 279 Saint Paul St, Burlington, VT 05401 since 20 August 2019. This property was built in 1827. 279 Saint Paul St is a home located in Chittenden County with nearby schools including Champlain School, Edmunds Middle School, and Burlington Senior High School.

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