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.

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Tax Information

Tax Year2024

Basic Information

StatusSLD
List Price$1,895,000
Date Price Change12/05/2024
MLS Number5020997
MLS StatusClosed
Sale Date03/31/2025

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningRes- Medium Intensity
Elementary SchoolAssigned
Junior HighEdmunds Middle School
High SchoolBurlington High School
Address58-62 North Union Street
Flood Zone Y/NNo

Building

Year Built1992
Building ConstructionWood Frame, Vinyl Exterior
StyleMulti-Family
Units10
Unit 1 Bath1
Unit 1 Bedrooms3
Unit 2 Bath1
Unit 2 Bedrooms2
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 4 Bath1
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
Unit 7 Baths1
# of 1 Bedrooms8
Unit 7 Bedrooms1
# of 2 Bedrooms1
# of 3+ Bedrooms1
Unit 8 Bedrooms1
Bathroom8
Total Baths8
BasementFull, Stairs - Interior
FoundationStone

Property

Acreage0.2
GarageNo
Parking Spaces
Lot Description
- City Lot
- In Town
- Landscaped
- Near Hospital
- Near Public Transportatn
- Near Shopping
- Sidewalks
Square Feet6,008
APX Fin AG Sqft6,008
Road Frontage87
RoadsPaved, Public
AreaVT-Chittenden

Exterior

RoofShingle, Slate
Exterior ColorCream

Utilities

Heat SystemNatural Gas, Baseboard, Hot Air
WaterPublic
Electric220 Plug, Circuit Breaker(s)
SewerPublic
UtilitiesCable

Amenities

PricePerSqFt291.28

Water Body

Water AccessNo
Water ViewNo

Other

Taxes$33,549.96
Tax Year Notes2024-2025
Seasonal Y/NNo
TrashDumpster
Date Listed11/04/2024
Unit 1 Deposit$2,300
Unit 2 Rent Amount$1,875
Unit 3 Rent Amount$1,400
Unit 4 Rent amount$1,400
Unit 5 Rent amount$1,400
Unit 7 Rent amount$1,500
Unit 8 Rent amount$1,300
View Count6

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 24, 2025 6:54 AM EDT

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