NOT LISTED FOR SALE

387-389 S Winooski Ave Burlington, VT 05401

South End Neighborhood
6 Beds
2 Baths
3,510 Sq Ft
4,792 Sq Ft Lot

Last Sold July 07, 2023

Last sale price $745,000 $212 Per Sq Ft

7 Days on Market

Highlights

  • 2 Car Garage
  • High Speed Internet
  • Wood Siding

About This Home

As of July 2023

Excellent investment property. Duplex containing 3 beds 1 bath each. Located near UVM and Champlain Colleges as well as UVM Medical Center and School. It is also just a short walk to the vibrant Burlington Downtown and all it has to offer. Easy to rent. The off street parking is a huge plus when trying to attract young professional tenants. The southern part of South Winooski which this is definitely part of is quiet and also perfect for recent graduates. Improvements over the years include deck repairs, roof, furnace, flooring, cabinets, sinks, showers, paint in and out, and the most recent big repair was brand new windows. Open house will be held on Thursday 5-11-2023 from 1pm to 3pm. The tenants will vacate for this 2 hour window so just text and come. It is priced very aggressively so be prepared to submit your bid by the 14th of May at 5pm. Owner is a licensed real estate broker in VT. Tenants pay on time however will move out if I pay them. They will also sign a longer lease if that is your preference. I have a few videos, please text if you want to see them.

Last Agent to Sell the Property

Peter Yee

Yellow Sign Commercial Inc. License #081.0087263 Listed on: 05/07/2023

Last Buyer's Agent

Peter Yee

Yellow Sign Commercial Inc. License #081.0087263 Listed on: 05/07/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,850

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Concrete Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Wood Siding
  • Asphalt

Interior Spaces

  • 2 Full Bathrooms
  • 2-Story Property

Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Basement Storage
  • Natural lighting in basement

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • 110 Volts
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Exclusions: includes a washer and dryer. seller to keep coin operated units.

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $22,000
  • Gross Income $84,000
  • Net Operating Income $62,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,850

Year Built

Built in 1920

Lot Details

0

Parking

2

Listing Details

  • Status Detail: Closed
  • Style: Duplex
  • Directions: From Main Street in Burlington turn on to South Winooski Avenue until you reach 387 and it will be on the right.
  • Construction: Existing
  • Items Excluded: includes a washer and dryer. seller to keep coin operated units.
  • Total Stories: 2
  • Price Per Sq Ft: 318.38
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 5265
  • Sq Ft - Apx Total Finished: 3510
  • Year Built: 1920
  • Remarks Public: Excellent investment property. Duplex containing 3 beds 1 bath each. Located near UVM and Champlain Colleges as well as UVM Medical Center and School. It is also just a short walk to the vibrant Burlington Downtown and all it has to offer. Easy to rent. The off street parking is a huge plus when trying to attract young professional tenants. The southern part of South Winooski which this is definitely part of is quiet and also perfect for recent graduates. Improvements over the years include deck repairs, roof, furnace, flooring, cabinets, sinks, showers, paint in and out, and the most recent big repair was brand new windows. Open house will be held on Thursday 5-11-2023 from 1pm to 3pm. The tenants will vacate for this 2 hour window so just text and come. It is priced very aggressively so be prepared to submit your bid by the 14th of May at 5pm. Owner is a licensed real estate broker in VT. Tenants pay on time however will move out if I pay them. They will also sign a longer lease if that is your preference. I have a few videos, please text if you want to see them.
  • List Agent: 22704
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete, Daylight, Exterior Access, Storage Space
  • Sq Ft - Apx Finished AG: 2340
  • Sq Ft - Apx Finished BG: 1170
  • Sq Ft - Apx Unfinished AG: 585
  • Sq Ft - Apx Unfinished BG: 1170

Exterior Features

  • Construction: Wood Frame
  • Driveway: Concrete
  • Exterior: Asphalt, Wood Siding
  • Foundation: Concrete
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Shingle - Asphalt

Garage/Parking

  • Garage Capacity: 2
  • Parking: Garage, Parking Spaces 5 - 10
  • Garage: Yes
  • Garage Type: Under

Utilities

  • Electric: 110 Volt
  • Sewer: Public
  • Water: Public
  • Water Heater: Gas
  • Heating Fuel: Gas - Natural
  • Heating: Gas Heater - Vented
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Utilities: Cable - At Site, High Speed Intrnt -Atsite, Internet - Fiber Optic

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 4792
  • Lot Acres: 0.11
  • Lot Description: City Lot
  • Surveyed: Unknown
  • Zoning: R2
  • Deed Book: 1134
  • Deed Page: 597-598
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 84000
  • Net Income: 62000
  • Total Full Baths: 2
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Taxes TBD: Yes
  • Tax Gross Amount: 10850.32
  • Tax Year: 2023

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
07/07/2023 07/07/23 Sold $745,000 +8.0% $212 / Sq Ft
05/14/2023 05/14/23 Pending -- -- --
05/07/2023 05/07/23 For Sale $690,000 -- $197 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Peter Yee

    Seller's Agent in 2023

    Peter Yee

    Yellow Sign Commercial Inc.

    (802) 598-0006

    4 in this area

    23 Total Sales

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Map

Source: PrimeMLS

MLS Number: 4951623

PrimeMLS

Vermont Chittenden County Burlington 05401 South End

387-389 S Winooski Ave, Burlington, VT

This home is located at 387-389 S Winooski Ave, Burlington, VT 05401 since 07 May 2023. This property was built in 1920. 387-389 S Winooski Ave is a home located in Chittenden County with nearby schools including Edmunds Elementary School, Edmunds Middle School, and Burlington Senior High School.

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.

PrimeMLS Copyright 2025 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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