$1,750,000
SOLD MAR 31, 2025

58 N Union St Burlington, VT 05401

Old North End Neighborhood
11 Beds
7 Baths
6,008 Sq Ft
8,712 Sq Ft Lot

Recently Sold

$291 Per Sq Ft

17% Below List Price

66 Days on Market

About This Home

As of March 2025

Turn-key, 10-unit downtown Burlington investment opportunity! Two buildings consisting of a 7-unit multi-family and a 3-unit multi-family are being sold together. Fully occupied in a terrific location with off-street parking, these are great rentals with a mix of studio, one-, two-, and three-bedroom apartments. Sellers have made significant recent upgrades, including all new windows and hot water heaters at the 58-60 property, new electric meters at the 62 property, new decks and porches for both properties, and a newly paved driveway and parking lot. Desirable location close to colleges, the hospital, and downtown! Well maintained with a great rental history.

Last Agent to Sell the Property

Dave Kleh

KW Vermont License #082.0007809 Listed on: 11/04/2024

KW Vermont

Last Buyer's Agent

Dave Kleh

KW Vermont License #082.0007809 Listed on: 11/04/2024

KW Vermont

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,550

Year Built

  • Built in 1992

Home Design

  • Stone Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Slate Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 7 Bathrooms

Basement

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

Parking

  • Paved Parking
  • 6 to 12 Parking Spaces

Schools

  • Assigned Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Baseboard Heating
  • Separate Meters
  • 220 Volts
  • Internet Available
  • Cable TV Available

Additional Features

  • 8,712 Sq Ft Lot
  • City Lot

Community Details

Overview

  • 10 Units

Building Details

  • Gross Income $189,300
  • Net Operating Income $113,781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,550

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1992
  • Display On Internet: Internet - Cable
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot, Landscaped, Sidewalks, In Town, Near Shopping, Near Public Transit, Near Hospital
  • Road Frontage Type: Paved, Public
  • MLS Status: (20) Closed - Closed
  • Above Grade Finished Sq Ft: 6008.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • SqFt_Apx_Total_Finished: 6008
  • SqFt_Apx_Unfn_Above_Grade: 0
  • SqFt_Apx_Unfn_Below_Grade: 2637
  • Water_Body_Access: No
  • Water_View: No
  • SqFt_Apx_Total: 8645
  • Basement_Access_Type: Interior
  • Separate_Utilities: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 11
  • Basement: Full, Stairs - Interior
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Roof: Shingle, Slate
  • Construction Type: Wood Frame, Vinyl Exterior
  • Waterfront: No
  • Foundation Details: Stone

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Spaces 5 - 10

Utilities

  • Electric: 220 Plug, Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Natural Gas, Baseboard, Hot Air
  • Cooling: Wall Unit(s)
  • Trash: Dumpster
  • Utilities: Cable
  • Water Source: Public

Schools

  • Elementary School: Assigned
  • High School: Burlington High School
  • Middle Or Junior School: Edmunds Middle School

Lot Info

  • Surveyed: Unknown
  • Zoning: Res- Medium Intensity
  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0

Multi Family

  • Gross Income: 189300.0
  • Number Of Units Total: 10
  • Net Operating Income: 113781.0
  • Number Of Separate Electric Meters: 12

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 33549.96

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 List to Sale Price per Sq Ft Prior Sale
03/31/2025 03/31/25 Sold $1,750,000 -7.7% $291 / Sq Ft
01/09/2025 01/09/25 Pending -- -- --
12/05/2024 12/05/24 Price Changed $1,895,000 -2.8% $315 / Sq Ft
11/14/2024 11/14/24 Price Changed $1,950,000 -7.1% $325 / Sq Ft
11/04/2024 11/04/24 For Sale $2,100,000 +50.4% $350 / Sq Ft
06/27/2019 06/27/19 Sold $1,396,000 -12.8% $232 / Sq Ft View Prior Sale
06/06/2019 06/06/19 Pending -- -- --
03/13/2019 03/13/19 For Sale $1,600,000 0.0% $266 / Sq Ft
02/01/2019 02/01/19 Pending -- -- --
01/25/2019 01/25/19 For Sale $1,600,000 -- $266 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2025

    Dave Kleh

    KW Vermont

    (802) 363-1820

    1 in this area

    21 Total Sales

    Dave Kleh
    Section Image
  • Lipkin Audette Team

    Seller's Agent in 2019

    Lipkin Audette Team

    Coldwell Banker Hickok and Boardman

    (802) 846-8800

    105 in this area

    1,122 Total Sales

    Lipkin Audette Team
    Section Image
  • Mike Conroy

    Buyer's Agent in 2019

    Mike Conroy

    KW Vermont

    (802) 863-9100

    4 in this area

    100 Total Sales

    Mike Conroy
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 5020997

PrimeMLS

APN: (035) 044-4-179-000

Vermont Chittenden County Burlington 05401 Old North End

58 N Union St, Burlington, VT

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