$2,200,000

938 Shelburne Rd South Burlington, VT 05403

Estimated payment $13,675/month

10 Beds
7 Baths
8,136 Sq Ft
$270 Price per Sq Ft

Highlights

  • 0.43 Acre Lot
  • Corner Lot
  • 1 Car Garage
  • Frederick H. Tuttle Middle School Rated A-
  • Central Air
  • Wood Siding

About This Home

See attached pro forma for numbers using market rents. This rare offering features 10 bedrooms over six residential units and two commercial units, providing an exceptional opportunity for both investors and owner-users. Rental Fire Safety inspections have been completed, and the property is positioned for a business owner seeking a highly visible location w/ excellent signage, strong traffic counts, and easy self-management. Residential units are currently rented below market. A recently renovated 1,500± SF unit with new flooring, paint, and countertops is ready for occupancy. The property consists of two buildings: a 3,458 SF brick building containing four apartments, and a 4,672 SF wood-frame building that includes two upstairs apartments and two first-floor commercial spaces with full heated basement and additional garage door access. The commercial area is currently divided into multiple offices but can be easily opened up to create a showroom-style layout. The lot offers 148 feet of frontage on Shelburne Road and 128 feet of depth on Brewer Parkway. This investment package includes some vacancy that makes it particularly attractive for an owner-user who can occupy approximately 2,334 SF of commercial space while collecting rent from the six residential units. Onsite parking, excellent visibility with 30,000 CPD, strong curb appeal,signalized intersection. partner in seller group holds a broker License

Listing Agent

Paul Cannizzaro

Cannizzaro Real Estate License #081.0083839 Listed on: 12/03/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $25,648

Year Built

  • Built in 1966

Lot Details

  • 0.43 Acre Lot
  • Corner Lot
  • Level Lot

Parking

  • 1 Car Garage
  • Heated Garage
  • Automatic Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Wood Frame Construction
  • Wood Siding

Interior Spaces

  • Property has 2 Levels

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 7 Bathrooms

Basement

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

Location

  • City Lot

Utilities

  • Central Air
  • Cable TV Available

Community Details

  • 8 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$25,648

Year Built

Built in 1966

Lot Details

0

Parking

1

Listing Details

  • Directions: Corner of Shelburne Road and Brewer Parkway
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1966
  • Display On Internet: High Speed Intrnt at Site
  • Architectural Style: Apartment Building, Multi-Family
  • ResoLotFeatures: City Lot, Corner Lot, Curbing, Landscaped, Level, Neighbor Business, Sidewalks, Near Shopping, Near Public Transit, Near Hospital, Near School(s)
  • Road Frontage Type: Public
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 8136.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Basement_Access_Type: Interior
  • Above_Grade_Unfinished_Area_Source: Measured
  • Below_Grade_Unfinished_Area_Source: Measured
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 10
  • Basement: Bulkhead, Climate Controlled, Concrete Floor, Full, Insulated, Interior Stairs, Storage Space, Walkout, Exterior Entry, Basement Stairs
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Roof: Architectural Shingle
  • Construction Type: Wood Frame, Brick Exterior, Wood Siding
  • Foundation Details: Poured Concrete, Stone

Garage/Parking

  • Garage Spaces: 1.0
  • Attached Garage: Yes
  • Parking Features: Auto Open, Heated Garage, Garage, On Site, Parking Spaces 11 - 20

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Natural Gas, Hot Air
  • Cooling: Central Air
  • Trash: Dumpster, Recycle
  • Utilities: Cable Connected, Gas On-Site
  • Water Source: Public

Lot Info

  • Surveyed: Yes
  • Zoning: Higher Scale Mixed
  • Lot Size Acres: 0.43
  • Lot Size Sq Ft: 18731.0

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 25648.0

Multi Family

  • Number Of Units Total: 8
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 7

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 List to Sale Price per Sq Ft
12/03/2025 12/03/25 For Sale $2,200,000 -- $270 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5071105

PrimeMLS