72 Main St Burlington, VT 05401
Downtown Burlington NeighborhoodHighlights
- Victorian Architecture
- Carpet
- 3-minute walk to City Hall Park
- Baseboard Heating
About This Home
As of February 2025Turn key 3 unit commercial building that has great potential for residential conversion on upper three floors. The lower level has a long established barbershop with consistent rental stream and share in maintenance/utility cost. The first floor is currently a self-contained office unit with a reception area, half bath, 2 offices and a conference room. This office sets up nicely for a 3 bed conversion by adding shower to the half bath and kitchen to the reception area. The second and third floor are currently as combined office unit with half bath four offices/conference rooms and large third floor used as additional office space and file storage. The second and third floor sets up for a four bed with shower added to half bath on the second floor and the third floor as living room/kitchen. The site has 12 off street parking spaces. Located in the heart of downtown attractive for tenants to get to the waterfront, UVM, Church Street, Medical Center, etc..Great opportunity and a great return for the right investor.
Last Buyer's Agent
A non PrimeMLS member
A Non PrimeMLS Agency
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $14,992
Year Built
- Built in 1899
Home Design
- Victorian Architecture
- Stone Foundation
- Wood Frame Construction
- Slate Roof
Interior Spaces
- Property has 3 Levels
Flooring
- Carpet
- Vinyl
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- Paved Parking
- On-Site Parking
- Off-Street Parking
Schools
- Assigned Elementary School
- Edmunds Middle School
- Burlington High School
Utilities
- Baseboard Heating
- Hot Water Heating System
- Separate Meters
- Internet Available
- Cable TV Available
Additional Features
- 5,227 Sq Ft Lot
- City Lot
Community Details
Overview
- 3 Units
Building Details
- 2 Leased Units
- Gross Income $102,000
- Net Operating Income $82,000
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Map
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $779,000 | -- |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/21/2025 02/21/25 | Sold | $779,000 | 0.0% | $219 / Sq Ft |
| 01/01/2025 01/01/25 | Off Market | $779,000 | -- | -- |
| 11/12/2024 11/12/24 | Pending | -- | -- | -- |
| 09/18/2024 09/18/24 | For Sale | $849,900 | -- | $239 / Sq Ft |
Tax History
| 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 |
|---|---|---|---|---|
| 2024 | $14,792 | $572,600 | $479,000 | $93,600 |
| 2023 | $12,099 | $572,600 | $479,000 | $93,600 |
| 2022 | $12,097 | $572,600 | $479,000 | $93,600 |
| 2021 | $10,503 | $477,200 | $477,000 | $200 |
| 2020 | $9,836 | $319,600 | $248,600 | $71,000 |
| 2019 | $9,354 | $319,600 | $248,600 | $71,000 |
| 2018 | $8,984 | $319,600 | $248,600 | $71,000 |
| 2017 | $8,513 | $319,600 | $248,600 | $71,000 |
| 2016 | $8,318 | $319,600 | $248,600 | $71,000 |
Source: PrimeMLS
MLS Number: 5014955
APN: (035) 049-1-100-000
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