NOT LISTED FOR SALE
11 Beds
7 Baths
6,008 Sq Ft
8,712 Sq Ft Lot

Sale Details

Date Sold: March 31, 2025

Last sale price $1,750,000 $291 Per Sq Ft

66 Days on Market

Highlights

  • 0.2 Acre Lot
  • Landscaped
  • Baseboard Heating
  • Property is near public transit and shops

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
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,550

Year Built

  • Built in 1992

Lot Details

  • 8,712 Sq Ft Lot
  • Landscaped

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

Location

  • Property is near public transit and shops
  • Property near a hospital
  • City Lot

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Separate Meters
  • 220 Volts
  • Internet Available
  • Cable TV Available

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

8,712 Sq Ft Lot

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2024
Closed on
Mar 31, 2025
Sold by
Bought by
Seller's Agent
Dave Kleh
KW Vermont
Buyer's Agent
Dave Kleh
KW Vermont
List Price
$2,100,000
Sold Price
$1,750,000
Premium/Discount to List
-$350,000
-16.67%
Views
50

Purchase Details

Listed on
Jan 25, 2019
Closed on
Jun 27, 2019
Sold by
Bought by
Seller's Agent
Lipkin Audette Team
Coldwell Banker Hickok and Boardman
Buyer's Agent
Mike Conroy
List Price
$1,600,000
Sold Price
$1,396,000
Premium/Discount to List
-$204,000
-12.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.00%

Purchase Details

Closed on
Dec 1, 2010
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,312,500 --
$1,047,000 --
$1,055,000 --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $25,763 $1,065,900 $593,700 $472,200
2024 $25,763 $1,065,900 $593,700 $472,200
2023 $22,522 $1,065,900 $593,700 $472,200
2022 $22,518 $1,065,900 $593,700 $472,200
2021 $23,460 $1,065,900 $593,700 $472,200
2020 $24,005 $780,000 $325,800 $454,200
2019 $11,415 $780,000 $325,800 $454,200
2018 $20,779 $780,000 $325,800 $454,200
2017 $20,775 $780,000 $325,800 $454,200
2016 $20,300 $780,000 $325,800 $454,200
2015 $10,374 $7,800 $0 $0
2014 $10,374 $6,726 $0 $0
2013 $10,374 $6,726 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 5020997

PrimeMLS

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

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