Multi-Family for Sale: 366 North Avenue, Burlington, VT 05401

5 beds
3 full baths
4,394 sqft
$695,000
$695,000
366 North Avenue, Burlington, VT 05401
5 beds
3 full baths
4,394 sqft
$695,000
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Price:
$695,000

Type Multi-Family
Style Colonial, Walkout Lower Level, Multi-Family
Beds 5
Total Baths 3 full baths
Square Feet 4,394 sqft
Lot Size 0.30 acres
Year Built 1935
Taxes Paid $13,129

City Burlington
County Chittenden
School District Burlington School District

MLS 5010130
Status Active
DOM 34 days
Burlington RC Zone Investment Opportunity: Versatile Property with Income Potential This property is now in Burlington's RC zone, opening the door to a four-story apartment building project. It offers a unique opportunity to live in the main house while generating income from an accessory apartment and storage building. The main house is currently rented for $3,500/month, with substantial improvements including a finished lower level, new gas fireplace inserts, radon mitigation, an updated heating system, a new washer/dryer, fresh interior paint, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and could rent for $2,000/month. The outbuilding, used for storage, rents for $1,200/month. The spacious garage, currently a workshop, can accommodate four cars and has potential for conversion into a home business space. The lot offers views of the Green Mountains, with the potential for creating a patio area to enjoy the scenery. Located close to all amenities, this well-maintained property provides plenty of living space, including a large open living room/kitchen, a first-floor bedroom with a new full bathroom, additional spaces for an office or den, and two bedrooms on the second level. Don't miss this versatile investment opportunity!

Lot & Building Features

Appliances Water Heater–Natural Gas
Utilities Other
Construction Vinyl Siding, Wood Frame
Cooling Central AC, Other
Heat Source Gas - Natural
Heating Baseboard, Hot Air, Forced Air
Parking Description Auto Open, Underground, RV Access/Parking, Parking Spaces 6+, On-Site, Garage, Driveway
Sewer Public
Tax Year 2024
Taxes Paid $13,129
Water Public
Basement Description Climate Controlled, Walkout, Storage Space, Stairs - Interior, Interior Access, Gravel, Finished, Exterior Access
Foundation Block, Concrete
Lot Description City Lot, Sidewalks, Major Road Frontage, Level
Roof Shingle - Asphalt
Features Exterior Outbuilding, Porch - Covered
Garage Yes

Community and Schools

Elementary School Assigned
Junior High School Lyman C. Hunt Middle School
Senior High School Burlington High School

Unit Features

Unit 1 Apx Sqft 1864
Unit 1 Baths 2
Unit 1 Bedrooms 4
Unit 1 Info Appliances Included, Washer, Smoke Detector, Refrigerator, Porch, Microwave, Kitchen Island, Heat - Natural Gas, Fireplace - Gas, Dryer, Dishwasher, Cooktop - Electric, CO Detector, Ceiling Fan
Unit 1 Lease Term Short Term
Unit 1 Rental Agreement Yes
Unit 1 Rental Amount 4000.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Rooms 7
Unit 1 Status Leased
Unit 1 Tenant Pays All Utilities, TV Service, Trash, Internet Service
Unit 2 Apx Sqft 936
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Ceiling Fan, Water Heater, Smoke Detector, Refrigerator, Range - Gas, Microwave, Heat - Natural Gas, Deck, CO Detector
Unit 2 Lease Term Owner Occupied
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 2000.00
Unit 2 Rental Amt Freq Other
Unit 2 Rooms 3
Unit 2 Status Owner Occupied
Unit 2 Tenant Pays All Utilities, TV Service, Trash, Internet Service, Hot Water, Heat, Electric

Price History of 366 North Avenue

Date Name Price Difference
08/16/2024 Listing Price $695,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 366 North Avenue, Burlington, VT

Location Map Street View
Photo of Terri Brunette
Direct: 603-964-7000
Office
655 Wallis Road.
Rye, NH 03870
603-964-7000
Listed by Four Seasons Sotheby's Int'l Realty, Kathleen OBrien & Patrick O'Connell
$
20%
1.8890647482014%
6.75%
$
$
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Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

366 North Avenue (MLS #5010130) is a multi-family listing located in Burlington, VT. This multi-family listing is 4,394 sqft and on a lot of 13,068 sqft (or 0.30 acres) with 5 bedrooms, 3 baths and is 89 years old. This property was listed on 08/16/2024 and has been priced for sale at $695,000.

Nearby zip codes are 05401 5008, 05403, 05404, 05408 and 05446. This property neighbors other cities such as Colchester, Essex Junction, Shelburne, South Burlington and Winooski.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Four Seasons Sotheby's Int'l Realty

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 09/19/2024