38 Sherman St
Burlington, VT 05401

$735,000

Price

Beds

Baths

2,102 Sq. Ft.

$350 / Sq. Ft.

2,102

Sq. Ft.

$350

per Sq. Ft.

Under Contract

38 Sherman Street Burlington, VT 05401 - Photo 1 of 22

Description

INVESTOR'S DREAM: Lakefront Views & Prime Downtown Location! Seize a rare opportunity to own a highly desirable investment property offering breathtaking, unobstructed views of majestic Lake Champlain and the towering New York Adirondack Mountains. This exceptional multi-unit property boasts a truly centralized location, putting your tenants in the heart of the action. Enjoy the ultimate convenience with public transportation, the scenic recreational path, and vibrant waterfront events literally...INVESTOR'S DREAM: Lakefront Views & Prime Downtown Location! Seize a rare opportunity to own a highly desirable investment property offering breathtaking, unobstructed views of majestic Lake Champlain and the towering New York Adirondack Mountains. This exceptional multi-unit property boasts a truly centralized location, putting your tenants in the heart of the action. Enjoy the ultimate convenience with public transportation, the scenic recreational path, and vibrant waterfront events literally outside your door. Easy access to the shopping, diverse dining options, the University of Vermont (UVM), and the UVM Medical Center. A healthy rental history and ample off street parking makes this a great investment opportunity. Listing Agent related to seller

Listed by Louise Johnson • KW Vermont • Phone: 802-373-0759

Property Details for 38 Sherman Street

Water Body Type

Lake

Water View

Yes

Waterfront Property

Zoning

Residential Medium Dens

LISTING UPDATED: 12/18/2025 10:28 PM

Property Details for 38 Sherman Street

Status	Under Contract
MLS #	5066580
Days on Market	40
Taxes	$11,526 / year
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Multi Family
Year Built	1920
Lot Size	0.24 AC / 10,454 SF
County	Chittenden County

Location

Listing Courtesy of KW Vermont

Add your commute

Building Information for 38 Sherman Street

Stories2Residences5Year Built1920Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$4,592 per month

30 year fixed, 6.28% Interest

Principal and Interest

$3,632

Property Taxes

$961

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 38 Sherman Street

Summary

Location and General Information

City: Burlington
County: VT-Chittenden

Road Frontage: TBD
Seasonal: No
State: VT
Street Designation: Street
Zip Code: 05401

Taxes and HOA Information

SPAN Number: 114-035-14894
Tax Year: 2025

Tax Year Notes: 2024/2025
Taxes TBD: No

Parking

Garage: No
Driveway: Crushed Stone

Virtual Tour

Property Panorama Virtual Tour: https://tour.neren.com/38-Sherman-Street-Burlington-VT-05401/unbranded

Property

Lot Information

Lot Features: City Lot, Lake View, Level, Mountain View, Sidewalks, Street Lights, View, Water View, Near Paths, Near Shopping, Near Public Transportatn, Near Hospital, Near School(s)
Lot Size Acres: 0.24

Water Body Access: No
Water Body Name: Lake Champlain

Property and Assessments

Property Class: Multi-Family
Construction Status: Existing

Flood Zone: No
PreConstruction: No
Surveyed: Unknown
Year Built: 1920

Utilities

Electric Company: Burlington Electric
Electric: Circuit Breaker(s)

Sewer: Public
Water Source: Public
Utilities: Cable at Site, Gas On-Site, Underground Gas
Total Gas Meters: 0
Total Electric Meters: 6
Separate Utilities: Yes
Internet: High Speed Intrnt at Site

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Frame
Roof: Shingle

Total Ranges: 4

Interior Features

Appliances: Electric Water Heater, Owned Water Heater, Separate Water Heater
Basement: Yes

Basement Access Type: Walk-up
Basement Description: Concrete, Dirt, Exterior Access, Exterior Stairs, Full, Unfinished
Total Full Baths: 5
Flooring: Combination
Heating: Baseboard, Electric, Individual
Cooling: None
Total Refrigerators: 4
Total Stories: 2
Total Water Heaters: 4
Trash: Dumpster, Owner

Multi Family

Income & Expenses Information

Gross Income: $84,352.00
Net Income: $63,729.00

Operating Expense Incl: Insurance, Maintenance, Other, Professional Management, Sewer, Snow Removal, Trash, Water/Sewer
Operating Expense: $20,623

Multi-Family Information

Total Units: 5
Total 1 BR Units: 5

Total 2 BR Units: 0
Total 3+ BR Units: 0

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 1

Unit 1 Lease Term: Month to Month
Unit 1 Level Number: 1
Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Leased
Unit 1 Rental Amount: $1,095.00
Unit 1 Tenant Pays: Electric, Heat, Hot Water, Internet Service
Unit 1 Info: Appliances Included, CO Detector, Heat, Porch, Electric Range, Refrigerator, Smoke Detector, Water Heater

Unit 2

Unit 2 Lease Term: Annual
Unit 2 Baths: 1

Unit 2 Status: Leased
Unit 2 Level Number: 1
Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 1
Unit 2 Rental Amount: $1,575.00
Unit 2 Info: Appliances Included, Heat, Porch, Electric Range, Refrigerator, Smoke Detector, Water Heater
Unit 2 Tenant Pays: Electric, Heat, Hot Water, Internet Service

Unit 3

Unit 3 Lease Term: Month to Month
Unit 3 Baths: 1

Unit 3 Level Number: 1
Unit 3 Rental Amt Freq: Monthly
Unit 3 Status: Leased
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $1,450.00
Unit 3 Info: Appliances Included, Electric, Heat, Porch, Electric Range, Refrigerator, Smoke Detector, Water Heater
Unit 3 Tenant Pays: Electric, Heat, Hot Water, Internet Service

Unit 4

Unit 4 Lease Term: Annual
Unit 4 Level Number: 2

Unit 4 Rental Amt Freq: Monthly
Unit 4 Baths: 1
Unit 4 Bedrooms: 1
Unit 4 Status: Leased
Unit 4 Rental Amount: $1,575.00
Unit 4 Info: Electric, Heat, Electric Range, Refrigerator, Smoke Detector, Water Heater
Unit 4 Tenant Pays: Electric, Heat, Hot Water, Internet Service

Unit 5

Unit 5 Rental Agreement: Yes
Unit 5 Level Number: 2

Unit 5 Rental Amt Freq: Monthly
Unit 5 Status: Leased
Unit 5 Baths: 1
Unit 5 Bedrooms: 1
Unit 5 Lease Term: Annual
Unit 5 Rental Amount: $1,250.00
Unit 5 Info: Appliances Included, Ceiling Fan, Electric, Heat, Electric Range, Refrigerator, Smoke Detector
Unit 5 Tenant Pays: Electric, Heat, Hot Water, Internet Service

Rental

Rent Information

Total Leases: 3

Property History for 38 Sherman Street

Date	Event & Source	Price	Appreciation
Nov 30, 2025	Active Under Contract New England Real Estate Network #5066580		—
Oct 21, 2025	Listed (Active) New England Real Estate Network #5066580	$735,000	—

Date	Event & Source	Price
11/30/2025	Active Under Contract New England Real Estate Network #5066580	—
10/21/2025	Listed (Active) New England Real Estate Network #5066580	$735,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38 Sherman Street

Taxable ValueLand$318,700Additions$158,200Total$476,900

Tax Record2024$11,527 ($961 / month)

Home Facts

Total Finished SqFt2,102 SqFtAbove Grade Finished SqFt2,102 SqFtStories2Lot Size10,454 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningRMCountyCHITTENDENAPN(035) 044-2-033-000

Schools near 38 Sherman Street

This home is within Burlington School District.


Rating	School	Type	Grades	Distance
7/10	Sustainability Academy At Lawrence Barnes	Public - Serves this home	PK to 5	0.2 mi
5/10	Lyman C. Hunt Middle School	Public - Serves this home	6 to 8	2.6 mi
7/10	Burlington Senior High School	Public - Serves this home	9 to 12	1.3 mi
NR	Burlington Technical Center	Public - Choice school	9 to 12	1.3 mi
NR	St. Joseph School	Private - Nearby school	PK to 8	0.3 mi
NR	Hull Crest School	Private - Nearby school	9 to 12	0.8 mi


Rating	School	Distance
7/10	Sustainability Academy At Lawrence Barnes PublicPK to 5 Serves this home	0.2 mi
5/10	Lyman C. Hunt Middle School Public6 to 8 Serves this home	2.6 mi
7/10	Burlington Senior High School Public9 to 12 Serves this home	1.3 mi
NR	Burlington Technical Center Public9 to 12 Choice school	1.3 mi
NR	St. Joseph School PrivatePK to 8 Nearby school	0.3 mi
NR	Hull Crest School Private9 to 12 Nearby school	0.8 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of KW Vermont

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 12/20/2025 04:09 PM

38 Sherman StBurlington, VT 05401

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38 Sherman St
Burlington, VT 05401