NOT LISTED FOR SALE

515 S Union St Burlington, VT 05401

South End Neighborhood
9 Beds
2 Baths
3,241 Sq Ft
3,485 Sq Ft Lot

Last Sold January 04, 2018

Last sale price $490,000 $151 Per Sq Ft

222 Days on Market

Highlights

  • Wood Flooring
  • 1 Car Detached Garage
  • Wood Siding
  • Covered patio or porch
  • High Speed Internet

About This Home

As of January 2018

This property is an ideal situation for owner occupied with a very good positive cash flow with owner occupied financing. This could also work well for extended family situation. Unusual pre-existing situation with 2 residential buildings on one lot. The first at 515 So Union is a large, 1572 sq ft, single family home with 4 bedrooms, large kitchens, living room, den, usable basement, front "sittin'" porch, hardwoods floors, well restored attractive original woodwork and staircase. The 2nd, at 540 St Paul St, has 2 apartments, a 3 bedroom on first level and a 2 bedroom on second level. There are at least 2 scenarios for profitable owner occupied situation; owner living in large house and rent 3 other bedrooms and gets income from the apartments or rent all 4 bedrooms out in house and occupy one of the units in 540 St Paul. Either way there is a really good positive cash flow. This property is very well located and near shopping, schools, I89, public transportation, and only minutes to downtown and colleges.

Last Agent to Sell the Property

Warren Palm

BHHS Vermont Realty Group/S Burlington License #082.0001994 Listed on: 01/31/2017

BHHS Vermont Realty Group/S Burlington

Last Buyer's Agent

Steve Lipkin

Coldwell Banker Hickok and Boardman License #081.0004569

Coldwell Banker Hickok and Boardman

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,956

Year Built

  • Built in 1919

Lot Details

  • 3,485 Sq Ft Lot
  • Lot Sloped Up

Parking

  • 1 Car Detached Garage
  • On-Street Parking
  • Off-Site Parking

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Membrane Roofing
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 2 Full Bathrooms
  • 3,241 Sq Ft Home
  • 2-Story Property
  • Window Screens

Flooring

  • Wood
  • Carpet
  • Vinyl

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor
  • Crawl Space

Outdoor Features

  • Covered patio or porch

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • 100 Amp Service
  • Natural Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

Overview

  • 3 Units

Building Details

  • 3 Separate Gas Meters
  • Gross Income $57,120
  • Net Operating Income $41,799

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,956

Year Built

Built in 1919

Lot Details

0

Parking

1

Listing Details

  • Status Detail: Closed
  • Style: Detached, Multi-Family, Multi-Level
  • Directions: I89, exit off on Shelburne Rd heading north. Pass turn around on Shelburne St to next block and beginning of So. Union & St. Paul Streets.
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 151.19
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 3241
  • Sq Ft - Apx Total Finished: 3241
  • Year Built: 1919
  • Remarks Public: This property is an ideal situation for owner occupied with a very good positive cash flow with owner occupied financing. This could also work well for extended family situation. Unusual pre-existing situation with 2 residential buildings on one lot. The first at 515 So Union is a large, 1572 sq ft, single family home with 4 bedrooms, large kitchens, living room, den, usable basement, front "sittin'" porch, hardwoods floors, well restored attractive original woodwork and staircase. The 2nd, at 540 St Paul St, has 2 apartments, a 3 bedroom on first level and a 2 bedroom on second level. There are at least 2 scenarios for profitable owner occupied situation; owner living in large house and rent 3 other bedrooms and gets income from the apartments or rent all 4 bedrooms out in house and occupy one of the units in 540 St Paul. Either way there is a really good positive cash flow. This property is very well located and near shopping, schools, I89, public transportation, and only minutes to downtown and colleges.
  • List Agent: 25889
  • Unique Disclaimer: The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PrimeMLS.
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Total Rooms Above Ground: 16
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Crawl Space, Dirt Floor, Full, Insulated, Unfinished
  • Sq Ft - Apx Finished AG: 3241

Exterior Features

  • Construction: Wood Frame
  • Exterior: Clapboard, Wood Siding
  • Foundation: Fieldstone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Membrane, Shingle - Other, Slate
  • Features Exterior: Porch - Covered, Window Screens

Garage/Parking

  • Garage Capacity: 1
  • Parking: Garage, Off Premises, On Street
  • Garage: Yes
  • Garage Type: Detached

Utilities

  • Electric: 100 Amp
  • Fuel Company: VT Gas
  • Sewer: Public Sewer On-Site
  • Water: Public
  • Water Heater: Gas - Natural
  • Heating Fuel: Gas - Natural
  • Heating: Hot Air
  • Electric Company: BED
  • Separate Utilities: Yes
  • Total Electric Meters: 3
  • Total Gas Meters: 3
  • Total Heat Units: 3
  • Total Ranges: 3
  • Total Refrigerators: 3
  • Total Water Heaters: 3
  • Trash: Cans
  • Utilities: Cable, High Speed Intrnt -Atsite

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 3485
  • Lot Acres: 0.08
  • Lot Description: City Lot, Curbing, Sidewalks, Sloping, Street Lights
  • Surveyed: Yes
  • Zoning: Residential
  • Deed Book: 1102
  • Deed Page: 313
  • Deed Recorded Type: Multiple
  • Total Deeds: 3

Multi Family

  • Gross Income: 57120
  • Net Income: 41799
  • Total Full Baths: 2
  • Total Units: 3
  • Total2 Bedroom Units: 1
  • Total3 Plus Bedroom Units: 1

Tax Info

  • Tax Gross Amount: 11955.89
  • Tax Year: 2017

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
01/04/2018 01/04/18 Sold $490,000 -14.8% $151 / Sq Ft
09/10/2017 09/10/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $575,000 -- $177 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Warren Palm

    Seller's Agent in 2018

    Warren Palm

    BHHS Vermont Realty Group/S Burlington

    (802) 658-5555

    1 in this area

    76 Total Sales

    Section Image
  • Steve Lipkin

    Buyer's Agent in 2018

    Steve Lipkin

    Coldwell Banker Hickok and Boardman

    (802) 846-9520

    Section Image
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Map

Source: PrimeMLS

MLS Number: 4616662

PrimeMLS

Vermont Chittenden County Burlington 05401 South End

515 S Union St, Burlington, VT

This home is located at 515 S Union St, Burlington, VT 05401 since 31 January 2017. This property was built in 1919. 515 S Union St 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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