Prabin Pokhrel
KW Vermont
(802) 278-0963
14 Total Sales
3 in Old North End
$461K - $800K Price Range
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 14, 2019
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Old North End, VT
-
Prabin Pokhrel
-
Matt Havers
Matt Havers
FLAT FEE REAL ESTATE
(802) 992-1868
190 Total Sales
1 in Old North End
$323,400 Price
-
Pete Kelly
Pete Kelly
KW Vermont-Stowe
(802) 823-8682
60 Total Sales
1 in Old North End
$300,000 Price
-
Carrie Paquette
Carrie Paquette
BHHS Vermont Realty Group/S Burlington
(802) 455-4880
64 Total Sales
2 in Old North End
$185K - $482K Price Range
-
The Nancy Jenkins Team
The Nancy Jenkins Team
Responds QuicklyNancy Jenkins Real Estate
(802) 230-0597
575 Total Sales
11 in Old North End
$300K - $1.5M Price Range
-
Matt Hurlburt
Matt Hurlburt
Responds QuicklyRE/MAX North Professionals - Burlington
(800) 639-4520
138 Total Sales
2 in Old North End
$515K - $570K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $12,179 | $503,900 | $363,300 | $140,600 |
| 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
Seller's Agent in 2023
Theadora Dernavich
Coldwell Banker Hickok and Boardman
(802) 863-1500
6 in this area
99 Total Sales
-
Lipkin Audette Team
Buyer's Agent in 2023
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
(802) 846-8800
98 in this area
1,059 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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