117 Park Street Burlington, Vermont 05403 MLS# 5001802

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For Sale Status

$635,000 List Price

Multi Type

4 Beds

3 Baths

2,030 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
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Burlington

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Burlington Triplex

Discover this Burlington Triplex featuring two 1-bedroom apartments and one 2-bedroom apartment on a corner lot with dual driveways and ample parking. Each unit is well-maintained with separate utilities. Two units offer screened porches, decks, and laundry hook-ups. The cozy yard with garage/workshop provides a perfect space. Located just a block from Battery Park and the Lake Champlain waterfront, this property is also conveniently close to the bike path, Church Street Marketplace, and all the amenities of downtown Burlington. An ideal investment opportunity or a place to call home!

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.

Property Location

117 Park Street Burlington

Property Details

List Price  635,000 Bedrooms  4 Garage Size  1 Car
Cooperation Fee  2.5% Total Bathrooms  3 Year Built  1865
MLS#  5001802 Lot Size  0.13 Acres Taxes $12,662
Type  Multi-Family Days on Market  25 Days Tax Year 2024
Units  3 Stories  2 Road Frontage  
Annual Income  $58,440 Style   Water Frontage  
Annual Expenses  $0 Finished  2,030 Sqft Construction  No, Existing
Zoning   RM Above Grade  2,030 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Jun 21st, 2024
Gross Income  $58,440 Operating Expenses  $0 Net Income  $36,082
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,840/Monthly Unit 2   1 Beds, 1 Baths, $1,540/Monthly
Unit 3   1 Beds, 1 Baths, $1,490/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsTriplex on the corner of Park Street and Summer Street.
Lot Description
Garage & Parking  Yes
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RM
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-14816
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.