NOT LISTED FOR SALE

68 Walnut St Burlington, VT 05401

Old North End Neighborhood
11 Beds
6 Baths
4,333 Sq Ft
7,841 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $1,055,000 $243 Per Sq Ft

208 Days on Market

Highlights

  • 0.18 Acre Lot
  • Balcony
  • Outdoor Storage
  • Covered Patio or Porch
  • Garden
  • 2-minute walk to Roosevelt Park

About This Home

As of December 2021

This is a unique opportunity to own two buildings on one parcel that have both been beautifully updated. One building is a fantastic duplex zoned for 8 bedrooms but currently operating as two 3 bedroom apartments. The second building is an updated four-plex with four 1 bedroom apartments. A projected CAP rate of 6.81% indicates a strong investment within walking distance of Church Street, and across the street from Roosevelt Park in the ever growing O.N.E.

Last Agent to Sell the Property

Mikail Stein

RE/MAX North Professionals License #082.0093313 Listed on: 03/31/2021

RE/MAX North Professionals

Last Buyer's Agent

Michael Dumont

Tesla Realty Group, LLC License #082.0090820

Tesla Realty Group, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,302

Year Built

  • Built in 1899

Lot Details

  • 7,841 Sq Ft Lot
  • Level Lot
  • Garden

Home Design

  • Brick Exterior Construction
  • Slate Roof
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 6 Full Bathrooms
  • 2-Story Property
  • Walk-Out Basement

Flooring

  • Carpet
  • Laminate

Parking

  • 6 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

Overview

  • 6 Units

Building Details

  • 6 Separate Gas Meters
  • Operating Expense $32,087
  • Gross Income $110,400
  • Net Operating Income $78,314

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,302

Year Built

Built in 1899

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building, Multi-Family
  • Directions: 68-70 Walnut Street and 1,3,5,7 Willow Street (address for property - 2 streets).
  • Flood Zone: Unknown
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 243.48
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 7165
  • Sq Ft - Apx Total Finished: 4333
  • Year Built: 1899
  • List Agent: 20569
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Flooring: Carpet, Laminate
  • Total Rooms Above Ground: 15
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Walkout
  • Sq Ft - Apx Finished AG: 4333
  • Sq Ft - Apx Unfinished AG: 553
  • Sq Ft - Apx Unfinished BG: 2279

Exterior Features

  • Driveway: Concrete
  • Exterior: Brick, Vinyl
  • Foundation: Fieldstone
  • Road Frontage: TBD
  • Roads: Public
  • Roof: Membrane, Slate
  • Easements: Unknown
  • Features Exterior: Balcony, Garden Space, Porch, Porch - Covered, Storage

Garage/Parking

  • Parking: Off Street, Parking Spaces 6+

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: VT Gas
  • Sewer: Public
  • Water: Public
  • Water Heater: Owned
  • Heating Fuel: Gas - Natural
  • Heating: Baseboard, Hot Air, Hot Water, Monitor Type
  • Electric Company: Burlington Electric
  • Total Gas Meters: 6
  • Trash: Cans

Condo/Co-op/Association

  • Management Company: Self

Fee Information

  • Tax Class: Non-Homestead

Lot Info

  • Lot Sq Ft: 7841
  • Current Use: Unknown
  • Lot Acres: 0.18
  • Lot Description: City Lot, Level, Sidewalks
  • Zoning: Res
  • Deed Book: 574
  • Deed Page: 386-387
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 110400
  • Net Income: 78313.56
  • Total Full Baths: 6
  • Total Units: 6
  • Total1 Bedroom Units: 4
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 20302.24
  • Tax Year: 2021

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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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
12/22/2021 12/22/21 Sold $1,055,000 -8.3% $243 / Sq Ft
10/25/2021 10/25/21 Pending -- -- --
10/08/2021 10/08/21 Price Changed $1,150,000 -4.2% $265 / Sq Ft
03/31/2021 03/31/21 For Sale $1,200,000 -- $277 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mikail Stein

    Seller's Agent in 2021

    Mikail Stein

    RE/MAX

    (800) 639-4520

    6 in this area

    182 Total Sales

    Mikail Stein
    Section Image
  • Michael Dumont

    Buyer's Agent in 2021

    Michael Dumont

    Tesla Realty Group, LLC

    (802) 233-2354

    1 in this area

    6 Total Sales

    Michael Dumont
    Section Image
See All Agents

Map

Source: PrimeMLS

MLS Number: 4853256

PrimeMLS

APN: (035) 039-4-116-000

Vermont Chittenden County Burlington 05401 Old North End

68 Walnut St, Burlington, VT

Not Listed for Sale

MultiFamily

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