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This exceptional multi-family property in the South End of Burlington includes two separate buildings on one lot. The front building is a triplex featuring two townhouse style 2-bedroom apartments and a 1-bedroom apartment on the top floor. At the rear of the property sits a stand-alone Sears Roebuck 1-bedroom cottage. The top-floor unit in the triplex has been remodeled and offers breathtaking views of Lake Champlain. The Sears Roebuck cottage boasts an open floor plan, creating a unique and inviting living space. Both buildings are in excellent condition with many recent updates. Features include hardwood floors, separate utilities (including water!), and ample paved parking. An ideal opportunity for owner-occupiers or investors seeking a prime addition to their portfolio.
Property Location
484-488 South Union Street Burlington
Property Details
Sold Price $980,000
Sold Date May 28th, 2025
List Price 1,039,500
Bedrooms 6
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 4
Year Built 1928
MLS# 5029360
Lot Size 0.15 Acres
Taxes $17,193
Type Multi-Family
Days on Market 496 Days
Tax Year 2024
Units 4
Stories 1/2/1900
Road Frontage
Annual Income $76,200
Style
Water Frontage
Annual Expenses $0
Finished 3,120 Sqft
Construction No, Existing
Zoning RM
Above Grade 3,120 Sqft
Seasonal No
Total Rooms 6
Below Grade 0 Sqft
List Date Feb 13th, 2025
Gross Income $76,200
Operating Expenses $0
Net Income $52,767
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,875/Monthly
Unit 2 1 Beds, 1 Baths, $1,100/Monthly
Unit 3 2 Beds, 1 Baths, $1,875/Monthly
Unit 4 1 Beds, 1 Baths, $1,500/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior
Disability Features
Foundation Block, Concrete, Slab - Concrete
House Color
Floors
Building Certifications
Roof Shingle-Asphalt
HERS Index
DirectionsFrom RT 7 north, continue through roundabout to South Union Street past Beech Street, property will be second on right.
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