22 Orchard Terrace Burlington, Vermont 05401 MLS# 5011353

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For Sale Status

$759,000 List Price

Multi Type

6 Beds

3 Baths

2,434 Sqft

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

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Burlington Duplex

Prime downtown Burlington duplex with 3 bedrooms each, 1st-floor unit offers 1.5 baths. Turn-key student rental property with separate utilities, coin-op laundry on-site, and off-street parking including a 2-bay garage for storage or potential to add additional living space. Small yard to maintain, tenants love the outdoor space. Located on a secluded one-way street in a prime student rental neighborhood only blocks from Church Street and City Market, plus easy access to colleges and the hospital.

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 is offered to Buyer’s Agents and Broker’s Agents. 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

22 Orchard Terrace Burlington

Property Details

List Price  759,000 Bedrooms  6 Garage Size  2 Car
Cooperation Fee  2.5% Total Bathrooms  3 Year Built  1899
MLS#  5011353 Lot Size  0.11 Acres Taxes $14,972
Type  Multi-Family Days on Market  50 Days Tax Year 2024
Units  2 Stories  1/2/1900 Road Frontage  50
Annual Income  $77,400 Style   Water Frontage  
Annual Expenses  $0 Finished  2,434 Sqft Construction  No, Existing
Zoning   RH Above Grade  2,434 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Aug 26th, 2024
Gross Income  $77,400 Operating Expenses  $0 Net Income  $56,446
Expenses Includes 
Unit 1   3 Beds, 1 Baths, $3,000/Monthly Unit 2   3 Beds, 2 Baths, $3,200/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Stone House Color  
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsBuell Street to Orchard Terrace. Property is on right, third from the end.
Lot Description
Garage & Parking  Yes, Detached
Road Frontage  50 Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RH
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-15525
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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.