442 North Street Burlington, Vermont 05401 MLS# 5016770

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For Sale Status

$775,000 List Price

Multi Type

5 Beds

4 Baths

2,047 Sqft

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

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Spacious Lot in Prime Location

Outstanding multi-family property on a spacious lot. Located in a prime upper North Street location in Burlington. This 4-unit building features a roomy studio, 2 one-bedroom units, and a large two-bedroom apartment. Recent upgrades include heating and electrical systems. Washer and dryer. Ample parking on site, plus a detached 4-car garage. Strong potential for rent increases. An excellent opportunity for both investors and owner-occupants!

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

442 North Street Burlington

Property Details

List Price  775,000 Bedrooms  5 Garage Size  4 Car
Cooperation Fee  2.5% Total Bathrooms  4 Year Built  1910
MLS#  5016770 Lot Size  0.21 Acres Taxes $14,042
Type  Multi-Family Days on Market  15 Days Tax Year 2024
Units  4 Stories  1/2/1900 Road Frontage  
Annual Income  $58,620 Style   Water Frontage  
Annual Expenses  $0 Finished  2,047 Sqft Construction  No, Existing
Zoning   RL Above Grade  2,047 Sqft Seasonal  No
Total Rooms  5 Below Grade  0 Sqft List Date  Oct 1st, 2024
Gross Income  $58,620 Operating Expenses  $0 Net Income  $32,847
Expenses Includes 
Unit 1   1 Beds, 1 Baths, $1,300/Monthly Unit 2   2 Beds, 1 Baths, $1,715/Monthly
Unit 3   1 Beds, 1 Baths, $1,120/Monthly Unit 4   1 Beds, 1 Baths, $750/Monthly
Construction
BasementWalk-up, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Stone House Color  White
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsProperty is on the corner of North Street and High Grove Court.
Lot Description
Garage & Parking  Yes
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RL
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Water Negotiable  
Sewer  Public Parcel Access ROW  Yes
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-15662
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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.