256-258 Pearl Street Burlington, Vermont 05401 MLS# 5014073

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For Sale Status

$899,000 List Price

Multi Type

4 Beds

3 Baths

4,276 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
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256-258 Pearl Street
256-258 Pearl Street
256-258 Pearl Street
256-258 Pearl Street
256-258 Pearl Street
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256-258 Pearl Street
256-258 Pearl Street
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256-258 Pearl Street
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256-258 Pearl Street

Large Mixed-Use Property

Large, 4,276-SF, 3-unit mixed-use property with a well-established dental office on the first floor. The second floor offers two spacious 2-bedroom apartments with potential to expand into the expansive walk-up attic with vaulted ceiling. Tenants pay heat and electricity. Unbeatable downtown location with plenty of parking and a strong upside on rents.

• Prime location
• Next to Pearl St Beverage
• 4,276 sq. ft.
• Ample parking
• Strong upside on rents
• Diverse portfolio

Cooperation Fee - 2.5%

The Seller(s) of this property has authorized the Listing Agency/Agent to offer a Cooperation Fee or Seller Concession toward Buyers’ closing costs in the amount of 2.5% with accepted terms of an offer. This fee is offered to Buyer’s Agents and Broker’s Agents. This fee must be agreed to in writing within the terms of the Purchase & Sale Contract or in a fully executed Commission Allocation Agreement or Cooperation Agreement between the brokerage firms; and will be paid at closing.✱

Property Location

256-258 Pearl Street Burlington

Property Details

List Price  899,000 Bedrooms  4 Garage Size   Car
Cooperation Fee  2.5% Total Bathrooms  3 Year Built  1899
MLS#  5014073 Lot Size  0.17 Acres Taxes $16,570
Type  Multi-Family Days on Market  71 Days Tax Year 2024
Units  3 Stories  1/2/1900 Road Frontage  
Annual Income  $71,340 Style   Water Frontage  
Annual Expenses  $0 Finished  4,276 Sqft Construction  No, Existing
Zoning   RM Above Grade  4,276 Sqft Seasonal  No
Total Rooms  4 Below Grade  0 Sqft List Date  Sep 12th, 2024
Gross Income  $71,340 Operating Expenses  $0 Net Income  $47,630
Expenses Includes 
Unit 1   Beds, 1 Baths, $3,345/Monthly Unit 2   2 Beds, 1 Baths, $1,300/Monthly
Unit 3   2 Beds, 1 Baths, $1,300/Monthly
Construction
BasementWalk-up, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Stone House Color  
Floors   Building Certifications  
Roof  Slate, Slate HERS Index  
DirectionsProperty on Pearl Street between Greene Street and North Union Street.
Lot Description
Garage & Parking  No
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RM
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-15888
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✱ If you engage a brokerage firm to represent you in a real estate transaction, you are responsible for compensating the firm according to the terms of your brokerage service agreement. Compensation to be paid under a brokerage service agreement is solely and entirely a matter of negotiation between an agent and client and is in no way controlled, fixed, or pre-established. Historically, cooperation fees were published in the Multiple Listing Service (MLS) for each Listing. Recent changes to the rules, prohibit the publication of these fees in the MLS but allow the display on a brokerage's website for their Clients' listings.