$774,000

Estimated payment $5,674/month

Total Views 8,988
6 Beds
5 Baths
3,887 Sq Ft
$199 Price per Sq Ft

Highlights

  • 0.22 Acre Lot
  • Wood Flooring
  • Interior Lot
  • Deck
  • Balcony
  • 4-minute walk to Roosevelt Park

About This Home

Unmatched 4-Unit Compound: 53-55 Walnut Street, Burlington!
Seize this extraordinary opportunity in Burlington's O.N.E. premier multi-unit offering! This rare property mixes historical vibes with a modern spin. A triplex built in 2008 and a charming single-family home built in 1899, totaling 4-Units. This unique configuration unlocks unparalleled versatility: achieve significant rental income from 4 independent streams and comfortably house multiple generations. Each residence provides its own private living space, appealing to a wide range of tenants. The lot offers valuable outdoor space for all residents. Imagine shared gardening space, relaxation, entertaining, etc. within the fully fenced private backyard. Walnut Street's prime location puts residents in the heart of sought-after amenities. Simple access to the vibrant downtown, local schools, UVVMC, shops, diverse dining, local hotspots, etc. The picturesque Lake Champlain waterfront, offering recreational pathways and stunning views, is just a short distance away. This isn't just real estate; it's a strategic, long-term acquisition in Burlington's robust and high-demand multi-family market. Properties with this rare four-unit configuration are exceptionally sought-after for their maximized income potential, diversified risk, and long-term value appreciation. Don't take this time to hesitate with this one! 53-55 Walnut Street is ready to create a large income stream for its new owner. Showings start Monday 06/23/2025!

Listing Agent

The Conroy Group

KW Vermont Brokerage Phone: 802-999-8410 License #081.0004452 Listed on: 06/19/2025

KW Vermont

Co-Listing Agent

Isaiah Donaldson

KW Vermont Brokerage Phone: 802-999-8410 License #082.0134518

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,585

Year Built

  • Built in 2008

Lot Details

  • 9,583 Sq Ft Lot
  • Interior Lot
  • Level Lot
  • Garden

Home Design

  • Brick Foundation
  • Stone Foundation
  • Wood Frame Construction
  • Slate Roof
  • Vinyl Siding
  • Clapboard

Interior Spaces

  • 3,887 Sq Ft Home
  • Property has 2 Levels
  • Whole House Fan
  • Window Screens

Flooring

  • Wood
  • Concrete
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • Driveway
  • Paved Parking
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Storage

Location

  • City Lot

Schools

  • Integrated Arts Academy Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Space Heater
  • Heating System Mounted To A Wall or Window
  • Separate Meters
  • Cable TV Available

Community Details

Overview

  • 4 Units

Recreation

  • Trails

Building Details

  • 4 Leased Units
  • Gross Income $77,076
  • Net Operating Income $53,092

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,585

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Directions: Heading East on Manhattan Drive, turn right onto Spring Street, continue past Dewey Park, turn left onto Walnut Street, property is on the left. Sign on property. Park on the street.
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 2008
  • Display On Internet: High Speed Intrnt at Site
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot, Curbing, Interior Lot, Landscaped, Level, Other, Sidewalks, Street Lights, Trail/Near Trail, Walking Trails, Near Paths, Near Shopping, Neighborhood, Near Public Transit, Near Hospital, Near School(s)
  • Road Frontage Type: Paved, Public, Public Maintained Road
  • Co List Office Mls Id: 1844-0
  • Attribution Contact: Phone: 802-999-8410
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 3887.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Water_Body_Access: No
  • Water_View: No
  • Basement_Access_Type: Interior
  • Separate_Utilities: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Owned Water Heater, Separate Water Heater
  • Total Bedrooms: 6
  • Flooring: Combination, Concrete, Hardwood, Tile, Vinyl, Wood
  • Basement: Concrete, Full, Interior Stairs, Unfinished
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Exterior Features: Balcony, Deck, Full Fence, Garden, Natural Shade, Other, Porch, Storage, Window Screens, Double Pane Window(s), ENERGY STAR Qual Windows
  • Roof: Asphalt Shingle, Slate
  • Easements: Unknown
  • Construction Type: Cellulose Insulation, Wood Frame, Clapboard Exterior, Vinyl Exterior, Vinyl Siding
  • Waterfront: No
  • Foundation Details: Brick/Mortar, Poured Concrete, Stone

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Off Street, On Site, Parking Spaces 6+, Paved

Utilities

  • Electric: 100 Amp Service, Circuit Breakers, On-Site
  • Sewer: Public Sewer
  • Heating: Natural Gas, Vented Gas Heater, Space Heater, Wall Units
  • Cooling: Whole House Fan
  • Trash: Cans, Curbside, Municipal, Owner, Recycle
  • Utilities: Cable Connected, Gas On-Site, Phone Connected, Other
  • Water Source: Public

Schools

  • Elementary School: Integrated Arts Academy
  • High School: Burlington High School
  • Middle Or Junior School: Edmunds Middle School

Lot Info

  • Surveyed: Yes
  • Zoning: R4
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583.0

Multi Family

  • Gross Income: 77076.0
  • Number Of Units Total: 4
  • Net Operating Income: 53092.0
  • Number Of Units Leased: 4
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 4

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 17584.64

Map

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
06/19/2025 06/19/25 For Sale $774,000 -- $199 / Sq Ft
Source: PrimeMLS

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Source: PrimeMLS

MLS Number: 5047515

PrimeMLS