Seller's Agent in 2024
Smith Macdonald Group
Coldwell Banker Carlson Real Estate
(802) 375-5009
5 in this area
284 Total Sales
31 Hyde St Burlington, VT 05401
Old North End Neighborhood
Studio
8
Baths
10,852
Sq Ft
21,780
Sq Ft Lot
Highlights
- 0.5 Acre Lot
- High Speed Internet
- Wood Siding
- Baseboard Heating
- Level Lot
About This Home
As of March 2024An Exceptional Investment Opportunity! This property consists of ten total units, eight 3-bedroom, 1.5-bath condos built in 1985 and a two-story attached duplex constructed in 1930, all within the Opportunity Zone. The interiors of all units have recently received fresh paint, and many boast upgraded flooring. Exterior enhancements include compliance with zoning regulations, such as new sidewalks and curbing, illuminated by energy-efficient LED lighting. The driveway has been leveled for added convenience, and a protective fence now shields the previous surface while enhancing curb appeal. This investment is already above a 7% cap rate, with substantial net operating income (NOI) and 100% occupancy over many years. With minimal investment and strategic rental turnover, there's significant potential to increase the NOI. This can substantially elevate the property's overall valuation. Moreover, an exceptional management company is in place to expertly navigate the property's operations, drive revenue, and ensure a hassle-free investment experience. Take advantage of this outstanding opportunity for a high-yield, value-increasing investment.
Last Agent to Sell the Property
Coldwell Banker Carlson Real Estate License #081.0133999 Listed on: 11/03/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $42,575
Year Built
- Built in 1985
Lot Details
- 21,780 Sq Ft Lot
- Level Lot
Home Design
- Concrete Foundation
- Slab Foundation
- Wood Frame Construction
- Shingle Roof
- Slate Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 2-Story Property
Unfinished Basement
- Partial Basement
- Interior Basement Entry
- Dirt Floor
Parking
- 110 Car Parking Spaces
- Gravel Driveway
Location
- City Lot
Utilities
- Heating System Uses Gas
- Heating System Uses Natural Gas
- Baseboard Heating
- Gas Available
- High Speed Internet
- Cable TV Available
Community Details
Overview
- 10 Units
Building Details
- Operating Expense $63,311
- Gross Income $292,800
- Net Operating Income $229,489
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/15/2024 03/15/24 | Sold | $2,700,000 | -18.1% | $249 / Sq Ft | |
| 01/26/2024 01/26/24 | Pending | -- | -- | -- | |
| 12/15/2023 12/15/23 | Price Changed | $3,295,000 | -5.7% | $304 / Sq Ft | |
| 11/03/2023 11/03/23 | For Sale | $3,495,000 | +66.8% | $322 / Sq Ft | |
| 12/11/2020 12/11/20 | Sold | $2,095,000 | -2.6% | $193 / Sq Ft | View Prior Sale |
| 08/17/2020 08/17/20 | Pending | -- | -- | -- | |
| 07/16/2020 07/16/20 | Price Changed | $2,150,000 | -3.4% | $198 / Sq Ft | |
| 03/25/2020 03/25/20 | For Sale | $2,225,000 | +46.9% | $205 / Sq Ft | |
| 05/10/2017 05/10/17 | Sold | $1,515,000 | +1.0% | $154 / Sq Ft | View Prior Sale |
| 12/20/2016 12/20/16 | Pending | -- | -- | -- | |
| 11/08/2016 11/08/16 | For Sale | $1,500,000 | -- | $153 / Sq Ft |
Source: PrimeMLS
Agents Affiliated with this Home
-
Smith Macdonald Group
-
Wen Dong
W
Buyer's Agent in 2024
Wen Dong
KW Vermont
(917) 547-3226
4 in this area
26 Total Sales
-
Don Marcelino
Seller's Agent in 2020
Don Marcelino
The Marcelino Team
(802) 846-8460
3 in this area
41 Total Sales
-
Warren Palm
Seller's Agent in 2017
Warren Palm
BHHS Vermont Realty Group/S Burlington
(802) 658-5555
66 Total Sales
Map
Source: PrimeMLS
MLS Number: 4976648
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Copyright 2026 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.
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