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58-62 N Union St, Burlington, VT, 05401

$1,895,000

0.20 Acres
$315/SqFt
Land

Location

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Property Highlights

Home TypeOther
ParkingParking Spaces 5 - 10
Year Built1992
HeatingNatural Gas, Baseboard, Forced Air
BasementYes
MLS #5020997
Lot Size0.20 Acres
StatusActive

About 58-62 N Union St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1992
  • Stories: 2
  • Living Area: 6,008 SqFt

Listing Office:

  • Office Name: KW Vermont
  • Office Phone: (802) 654-8500
  • Listing Agent: Dave Kleh

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Parking Spaces 5 - 10

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Baseboard, Forced Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,895,000
  • Price Per SqFt: $315/SqFt
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Housing Market Comparison

See how this home compares to others in Burlington, VT.

Med. Sold Price

$515K

Med. Price/SqFt

$345

# of Sold Homes

18

58-62 N Union St vs Burlington

43 DAYS ON ROCKET

$1,895,000

+$1.3M More

$315/SqFt

-$30 Less

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $30/SqFt less than other homes in Burlington, VT.

Based on homes sold in November 2024

MLS Details

MLS Information:

  • MLS Number: #5020997

Listing Office:

  • Office Name: KW Vermont
  • Office Phone: (802) 654-8500
  • Listing Agent: Dave Kleh

IDX© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this site 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.

Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 10:21:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,525

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,748

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4247585
4
/10
  • Edmunds Elementary School

  • 299 Main St

  • 0.39 miles

  • Public District Grades KG-5

school-card-donut-4247586
5
/10
  • Sustainability Academy

  • 123 North St

  • 0.42 miles

  • Public Magnet Grades PK-5

school-card-donut-4247587
3
/10
  • Integrated Arts Academy

  • 6 Archibald St

  • 0.56 miles

  • Public Magnet Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,502. Typical income of Burlington, VT residents is less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 58-62 N Union St

What is the listing price of this property?

The listing price of 58-62 N Union St property is $1,895,000.

What type of property is this?

The property 58-62 N Union St is land located in Burlington, Vermont, 05401.

Is this property for sale now?

Active Listing: 58-62 N Union St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 58-62 N Union St is 0.20 acres.
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Rocket Homes›Vermont›Chittenden County›Burlington›05401›58-62 N Union St

This home is located at 58-62 N Union St in Burlington, VT and zip code 05401 in the Old North End neighborhood. This 6,008 square foot home, which was built in 1992, sits on a 0.20 acre lot. It has been listed on Rocket Homes since November 04, 2024 and is currently priced at $1,895,000.

Over 5 listings were sold over their listed price in November 2024 in Burlington, VT. In the same period over 10 listings were sold below the listed price and 3 listings were sold for the listed price. The number of homes for sale in Burlington, VT decreased by 5.4% between October 2024 and November 2024.

From Rocket Homes Real Estate and based on county public records data.

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