58-62 North Union Street Burlington, Vermont - Sold in 2025

58-62 North Union Street Burlington, Vermont 05401 MLS# 5020997

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Sold Status

$1,750,000 Sold Price

Multi Type

11 Beds

7 Baths

6,008 Sqft

Listed By Dave Kleh of KW Vermont
Sold By KW Vermont
✉ 🖶

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58-62 North Union Street

Turn-key, 10-unit downtown Burlington investment opportunity! Two buildings consisting of a 7-unit multi-family and a 3-unit multi-family are being sold together. Fully occupied in a terrific location with off-street parking, these are great rentals with a mix of studio, one-, two-, and three-bedroom apartments. Sellers have made significant recent upgrades, including all new windows and hot water heaters at the 58-60 property, new electric meters at the 62 property, new decks and porches for both properties, and a newly paved driveway and parking lot. Desirable location close to colleges, the hospital, and downtown! Well maintained with a great rental history. †

Property Location

58-62 North Union Street Burlington

Property Details

Sold Price  $1,750,000 Sold Date  Mar 31st, 2025
List Price  1,895,000 Bedrooms  11 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  7 Year Built  1992
MLS#  5020997 Lot Size  0.2 Acres Taxes $33,550
Type  Multi-Family Days on Market  597 Days Tax Year 2024
Units  10 Stories  2 Road Frontage  87
Annual Income  $189,300 Style  Near Shopping Water Frontage  
Annual Expenses  $0 Finished  6,008 Sqft Construction  No, Existing
Zoning   Res- Medium Intensity Above Grade  6,008 Sqft Seasonal  No
Total Rooms  11 Below Grade  0 Sqft List Date  Nov 4th, 2024
Gross Income  $189,300 Operating Expenses  $0 Net Income  $113,781
Expenses Includes 
Unit 1   3 Beds, 1 Baths, $2,300/Monthly Unit 2   2 Beds, 1 Baths, $1,875/Monthly
Unit 3   1 Beds, 1 Baths, $1,400/Monthly Unit 4   1 Beds, 1 Baths, $1,400/Monthly
Unit 5   1 Beds, 1 Baths, $1,400/Monthly Unit 6   1 Beds, 1 Baths, $1,600/Monthly
Unit 7   1 Beds, 1 Baths, $1,500/Monthly Unit 8   1 Beds, Baths, $1,300/Monthly
Construction
BasementInterior, Interior Stairs, Full
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Stone House Color  Cream
Floors   Building Certifications  
Roof  Slate, Slate HERS Index  
Directions
Lot Description, Near Bus/Shuttle, Near Public Transportatn, Near Hospital
Garage & Parking  No, 5-10 Spaces
Road Frontage  87 Water Access  
Driveway  Paved Water Type  
Flood Zone  No Water Body  
Zoning  Res- Medium Intensity
School District  Burlington School District Middle  Edmunds Middle School
Elementary  Assigned High  Burlington High School
Heat Fuel   Excluded  
Heating/Cool  Wall AC Units, Hot Air, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  Yes
Water   ROW for Other Parcel  No
Water Heater   Financing  
Cable Co  Burlington Telecom Documents  
Electric  Circuit Breaker, 220 Plug Tax ID  11403515501/11403515502
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† The remarks published on this webpage originate from Listed By Dave Kleh of KW Vermont via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.