254 Pearl Street

Burlington, VT 05401

$1,444,000
Price
6
Beds
5
Baths
6,056 Sq. Ft.
$238 / Sq. Ft.
6,056
Sq. Ft.
$238
per Sq. Ft.

Description

Downtown mixed-use property with 2 buildings on 2 separate lots being sold as a package. Building 1 is a mixed-use property with a well-established dental office on the first floor and two 2-bedroom apartments on the second floor. The walk-up attic with impressive vaulted ceiling offers potential. Located right next to Pearl Street Beverage with plenty of parking spaces. Building 2 is a single-family home with 1,780 sq. ft., 2 bedrooms, 2 updated full bathrooms, attached garage, nice yard, and parking.Downtown mixed-use property with 2 buildings on 2 separate lots being sold as a package. Building 1 is a mixed-use property with a well-established dental office on the first floor and two 2-bedroom apartments on the second floor. The walk-up attic with impressive vaulted ceiling offers potential. Located right next to Pearl Street Beverage with plenty of parking spaces. Building 2 is a single-family home with 1,780 sq. ft., 2 bedrooms, 2 updated full bathrooms, attached garage, nice yard, and parking.
  1. Listed by Lipkin Audette Team • Coldwell Banker Hickok and Boardman

Property Details for 254 Pearl Street

Zoning
RM

Location

Listing Courtesy of Coldwell Banker Hickok and Boardman
Add your commute
LISTING UPDATED: 05/08/2024 08:52 PM

Property Details for 254 Pearl Street

StatusActive
MLS #4994688
Days on Market12
Taxes$25,524 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1899
Lot Size0.31 AC / 13,503 SF
CountyChittenden County

Location

Listing Courtesy of Coldwell Banker Hickok and Boardman
Add your commute

Building Information for 254 Pearl Street

Stories2Residences4Year Built1899Building Size-Lot Size0.31 AC / 13,503 SF

Payment Calculator

$10,008 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,881

Property Taxes

$2,127

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 254 Pearl Street

Summary
Location and General Information
  • City: Burlington
  • County: VT-Chittenden
  • Directions: Portfolio property is on Pearl Street between Greene Street and North Union Street.
  • Latitude: 44.480794482303196
  • Longitude: -73.208427364418029
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05401
Taxes and HOA Information
  • SPAN Number: 114-035-15888 & 15889
  • Tax - Gross Amount: $25,524.04
  • Tax Year: 2023
  • Tax Year Notes: 2023-2024
  • Taxes TBD: No
School Information
  • School - District: Burlington School District
Parking
  • Garage: Yes
  • Garage Capacity: 2.00
  • Driveway: Paved
Property
Lot Information
  • Lot - Sqft: 13504.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.31
  • Square Feet Apx Finished Above Grade: 6056.0
  • Square Feet Apx Finished AG Source: Assessor
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 8994.0
  • Square Feet Apx Total Finished: 6056.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 2938.0
  • Square Feet Apx Unfinished BG Source: Assessor
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • Foundation: Brick, Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1899
Utilities
  • Electric Company: Burlington Electric
  • Fuel Company: VT Gas
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable - Available
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roads: Public
  • Roof: Slate
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Heat Fuel: Gas - Natural
  • Heating: Hot Air, Steam
  • Cooling: None
  • Total Stories: 2.5
Multi Family
Income & Expenses Information
  • Gross Income: $106,140.00
  • Net Income: $69,346.00
  • Operating Expense Incl: Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $36,794
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 0
  • Total 2 BR Units: 3
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 2
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rental Amount: $2,900.00
  • Unit 1 Tenant Pays: Electric, Heat, Hot Water, Sewer, Water
Unit 2
  • Unit 2 Style: Commercial
  • Unit 2 Baths: 1
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 0
  • Unit 2 Rental Amount: $3,345.00
  • Unit 2 Tenant Pays: Electric, Heat, Hot Water
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,300.00
  • Unit 3 Tenant Pays: Electric, Heat, Hot Water
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Rental Amount: $1,300.00
  • Unit 4 Tenant Pays: Electric, Heat, Hot Water

Property History for 254 Pearl Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 254 Pearl Street

Taxable ValueLand$162,200Additions$306,400Total$468,600
Tax Record2022$9,902 ($825 / month)
Home Facts
Beds2Total Finished SqFt1,780 SqFtAbove Grade Finished SqFt1,780 SqFtStories3Lot Size6,098 SqFtStyleSingle Family ResidenceYear Built1920Year Renovated1966ZoningRMCountyCHITTENDENAPN(035) 045-2-002-000Fireplace TypeHas Fireplace

Schools near 254 Pearl Street

This home is within Burlington School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Edmunds Elementary School
PublicPK to 5

Edmunds Middle School
Public6 to 8

Burlington Senior High School
Public9 to 12

Burlington Technical Center
Public9 to 12

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.

Similar Homes

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Similar Sold Homes

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254 Pearl Street is a multi-family home for sale in Burlington, VT 05401. This property was listed for sale on May 8, 2024 by Coldwell Banker Hickok and Boardman, it's currently listed at $1,444,000. It has been on the market for a total of 12 days and was last sold on April 9, 2008. This listing's school district is Burlington School District. Nearby schools include Edmunds Elementary School, Edmunds Middle School and Burlington Senior High School. 254 Pearl Street is a 6-bed, 5-bath, 6,056 sqft multi-family home built in 1899.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Hickok and Boardman

Copyright 2024 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 05/19/2024 10:52 PM