$980,000
SOLD MAY 28, 2025
6 Beds
4 Baths
3,120 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$314 Per Sq Ft

6% Below List Price

71 Days on Market

Highlights

  • Cottage
  • High Speed Internet
  • Mini Split Air Conditioners

About This Home

As of May 2025

This exceptional multi-family property in the South End of Burlington includes two separate buildings on one lot. The front building is a triplex featuring two townhouse style 2-bedroom apartments and a 1-bedroom apartment on the top floor. At the rear of the property sits a stand-alone Sears Roebuck 1-bedroom cottage. The top-floor unit in the triplex has been remodeled and offers breathtaking views of Lake Champlain. The Sears Roebuck cottage boasts an open floor plan, creating a unique and inviting living space. Both buildings are in excellent condition with many recent updates. Features include hardwood floors, separate utilities (including water!), and ample paved parking. An ideal opportunity for owner-occupiers or investors seeking a prime addition to their portfolio.

Last Agent to Sell the Property

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Brokerage Phone: 802-863-1500 Listed on: 02/13/2025

Coldwell Banker Hickok and Boardman

Last Buyer's Agent

Lipkin Audette Team

Coldwell Banker Hickok and Boardman Brokerage Phone: 802-863-1500 Listed on: 02/13/2025

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,193

Year Built

  • Built in 1928

Parking

  • Paved Parking

Home Design

  • Cottage
  • Concrete Foundation
  • Block Foundation
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • Property has 2.5 Levels
  • Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Bathrooms

Utilities

  • Mini Split Air Conditioners
  • Heat Pump System
  • High Speed Internet

Additional Features

  • 6,534 Sq Ft Lot
  • City Lot

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $76,200
  • Net Operating Income $52,767

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,193

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Directions: From RT 7 north, continue through roundabout to South Union Street past Beech Street, property will be second on right.
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1928
  • Display On Internet: High Speed Intrnt -Avail
  • Architectural Style: Cottage/Camp, Multi-Family
  • ResoLotFeatures: City Lot
  • Road Frontage Type: Paved, Public
  • Attribution Contact: Off: 802-863-1500
  • MLS Status: (20) Closed - Closed
  • Above Grade Finished Sq Ft: 3120.0
  • Unit Levels: 2.5
  • ResoPropertyCondition: Existing
  • Flood_Zone: Unknown
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • SqFt_Apx_Total_Finished: 3120
  • SqFt_Apx_Unfn_Above_Grade: 0
  • SqFt_Apx_Unfn_Below_Grade: 1020
  • SqFt_Apx_Total: 4140
  • Basement_Access_Type: Interior
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 6
  • Basement: Unfinished
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Roof: Shingle - Asphalt
  • Construction Type: Wood Frame
  • Foundation Details: Block, Concrete, Slab - Concrete

Garage/Parking

  • Attached Garage: No

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Natural Gas, Heat Pump, Hot Air
  • Cooling: None, Mini Split
  • Utilities: Cable Available
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: RM
  • Lot Size Acres: 0.15
  • Lot Size Sq Ft: 6534.0

Multi Family

  • Gross Income: 76200.0
  • Number Of Units Total: 4
  • Net Operating Income: 52767.0
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 17193.0

Range of Values:

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Percent Increase
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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 List to Sale Price per Sq Ft
05/28/2025 05/28/25 Sold $980,000 -5.7% $314 / Sq Ft
04/25/2025 04/25/25 Pending -- -- --
02/13/2025 02/13/25 For Sale $1,039,500 -- $333 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5029360

PrimeMLS