246 North Winooski Avenue Burlington, Vermont 05401 MLS# 5016271

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For Sale Status

$399,900 List Price

Multi Type

4 Beds

3 Baths

1,624 Sqft

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

246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue
246 North Winooski Avenue

3-Unit with Potential!

Unique investment opportunity in Burlington's Old North End. Adjacent from local favorites like Taco Gordo, Barrio Bakery, and Jake's ONE Market. this multi-family property is packed with potential, plenty of off-street parking plus NMU Zoning allows for redevelopment opportunities. This 3-unit building offers 1 two-bedroom apartment and 2 one-bedroom apartments-ideal for rental income or owner occupancy. A spacious two-story garage is perfect for additional storage or possible future conversion. Two of the apartments are in great shape, while the other one-bedroom unit and garage present a fixer-upper opportunity. With some TLC, this property has room for significant value growth! Peaceful backyard behind the garage, a rare find in the city for tenants to relax and enjoy. Prime location with proximity to downtown, restaurants, and parks. Don't miss this chance to invest in one of Burlington's most sought-after neighborhoods! Showings begin Tuesday 10/1.

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

246 North Winooski Avenue Burlington

Property Details

List Price  399,900 Bedrooms  4 Garage Size  2 Car
Cooperation Fee  2.5% Total Bathrooms  3 Year Built  1899
MLS#  5016271 Lot Size  0.16 Acres Taxes $10,509
Type  Multi-Family Days on Market  13 Days Tax Year 2024
Units  3 Stories  1/1/1900 Road Frontage  
Annual Income  $43,200 Style   Water Frontage  
Annual Expenses  $0 Finished  1,624 Sqft Construction  No, Existing
Zoning   NMU Above Grade  1,624 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Sep 27th, 2024
Gross Income  $43,200 Operating Expenses  $0 Net Income  $22,737
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,150/Monthly Unit 2   1 Beds, 1 Baths, $950/Monthly
Unit 3   1 Beds, 1 Baths, $0/Mo
Construction
BasementInterior, Finished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Stone House Color  White
Floors   Building Certifications  
Roof  Slate, Slate HERS Index  
DirectionsNorth Street to North Winooski Ave, property will be on right.
Lot Description
Garage & Parking  Yes, 4 Parking Spaces
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  NMU
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  114-035-15136
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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.