Seller's Agent in 2023
Theadora Dernavich
Coldwell Banker Hickok and Boardman
(802) 863-1500
6 in this area
104 Total Sales
38-40 Monroe St Burlington, VT 05401
Old North End Neighborhood
5
Beds
4
Baths
2,910
Sq Ft
4,356
Sq Ft Lot
Highlights
- Wood Flooring
- Covered Patio or Porch
- Hot Water Heating System
- Corner Lot
- Balcony
- 3-minute walk to Battery Park
About This Home
As of November 2023Located just a few blocks from Church Street, this Queen Anne style 4-unit property "commands an excellent corner location" on Monroe Street, to quote Burlington historical records. This property has been maintained by the same family for decades and is ready for new owners to take over this great investment opportunity. Inside you'll find much of the vintage charm remains. Original wood trim and built-ins with updates mixed in, including newer wood windows, custom showers, updated plumbing, and major insulation improvements. With projected rents and many deferred maintenance projects already completed by the seller, this is a great opportunity to invest in a quality property. The entire first floor is a 2-bedroom unit, which could be a great option for owner-occupying. The second floor houses a 1-bedroom apartment as well as a studio, and the final 1-bedroom apartment sits on the third floor. A large clean basement provides tons of storage space along with laundry hook-ups. There is also a large 2-bay outbuilding in front of the 4 off-street parking spaces. Move in and have the majority of your mortgage covered, or rent it out with the tenants of your choice and add this great property to your portfolio. Located just a couple blocks from the Burlington Waterfront, Battery Park, and of course popular Church Street.
Last Agent to Sell the Property
Coldwell Banker Hickok and Boardman License #082.0102683 Listed on: 07/14/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,146
Year Built
- Built in 1899
Lot Details
- 4,356 Sq Ft Lot
- Corner Lot
- Lot Sloped Up
- Historic Home
Parking
- 2 Car Garage
- Gravel Driveway
Home Design
- Brick Exterior Construction
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Slate Roof
Interior Spaces
- 4 Full Bathrooms
- 2,910 Sq Ft Home
- 2.5-Story Property
Flooring
- Wood
- Carpet
- Laminate
- Tile
Unfinished Basement
- Interior Basement Entry
- Basement Storage
Outdoor Features
- Balcony
- Covered Patio or Porch
- Outbuilding
Schools
- Assigned Elementary And Middle School
- Burlington High School
Utilities
- Radiator
- Hot Water Heating System
- Heating System Uses Natural Gas
- Natural Gas Water Heater
- High Speed Internet
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Gas Meters
- Operating Expense $25,112
- Gross Income $56,700
- Net Operating Income $31,588
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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 |
|---|---|---|---|---|
| 11/14/2023 11/14/23 | Sold | $820,000 | 0.0% | $282 / Sq Ft |
| 10/03/2023 10/03/23 | Pending | -- | -- | -- |
| 09/27/2023 09/27/23 | Price Changed | $820,000 | -1.2% | $282 / Sq Ft |
| 08/23/2023 08/23/23 | Price Changed | $830,000 | -2.2% | $285 / Sq Ft |
| 07/14/2023 07/14/23 | For Sale | $849,000 | -- | $292 / Sq Ft |
Source: PrimeMLS
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $12,179 | $503,900 | $363,300 | $140,600 |
| 2023 | $10,647 | $503,900 | $363,300 | $140,600 |
| 2022 | $10,645 | $503,900 | $363,300 | $140,600 |
| 2021 | $11,091 | $503,900 | $361,400 | $142,500 |
| 2020 | $11,168 | $362,900 | $185,700 | $177,200 |
| 2019 | $10,622 | $362,900 | $185,700 | $177,200 |
| 2018 | $10,201 | $362,900 | $185,700 | $177,200 |
| 2017 | $9,666 | $362,900 | $185,700 | $177,200 |
| 2016 | $9,444 | $362,900 | $185,700 | $177,200 |
Source: Public Records
Agents Affiliated with this Home
-
Theadora Dernavich
-
Lipkin Audette Team
Buyer's Agent in 2023
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
(802) 846-8800
94 in this area
1,085 Total Sales
Map
Source: PrimeMLS
MLS Number: 4961401
APN: (035) 044-2-059-000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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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