221 Saint Paul Street Burlington, Vermont 05401 MLS# 4954037

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Sold Status

$750,000 Sold Price

Multi Type

8 Beds

2 Baths

3,394 Sqft

Listed By Shawn P. Nolan of Cannizzaro Real Estate
Sold By KW Vermont
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Burlington

221 Saint Paul Street

Unlimited Possibilities for income generation! Not just a 2-unit, 8-9 bedroom building….but a turn-key short/long term housing solution in a city that needs just that! Prime location at the edge of Burlington’s Downtown Transition neighborhood and gateway to the dynamic South End. One look at the CAP RATE will convince you that this property deserves a serious look. Architectural plans and thoughtful site improvements have expanded city approved parking on the over-sized lot. This has created exciting potential for further development, now or in the near future, depending on your needs. Make an appointment for a preview and let us show you what this very special opportunity is all about. Possibilities include: Traveling nurses or other un-housed workers, Short or longer term rentals, Airbnb, hostel, etc. Finished Basement /Studio is currently non-conforming, but could be a possible 3rd unit. ***Make sure to click link for VIRTUAL TOUR ******Please see DOCUMENTS section for access to downloadable PDF containing much relevant information including: Development Possibilities, Architect’s Renderings, Site improvements, Permits info, and much more!

Property Location

221 Saint Paul Street Burlington

Property Details

Sold Price  $750,000 Sold Date  Jul 7th, 2023
List Price  750,000 Bedrooms  8 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  2 Year Built  1899
MLS#  4954037 Lot Size  0.19 Acres Taxes $11,833
Type  Multi-Family Days on Market  548 Days Tax Year 2022
Units  2 Stories  2 Road Frontage  50
Annual Income  $122,400 Style  Duplex, Multi-Level Water Frontage  
Annual Expenses  $0 Finished  3,394 Sqft Construction  No, Existing
Zoning   FD5 Downtown Center Above Grade  2,386 Sqft Seasonal  No
Total Rooms  8 Below Grade  1,008 Sqft List Date  May 23rd, 2023
Gross Income  $122,400 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   2 Beds, 1 Baths, 900 SqFt, $0/Mo Unit 2   6 Beds, 1 Baths, 1,486 SqFt, $0/Mo
ConstructionWood Frame
BasementWalkout, Partially Finished, Interior Stairs, Interior Access, Partially Finished, Stairs - Basement, Stairs - Interior
Interior Features
Exterior Features
Exterior  Clapboard, Cedar Disability Features  
Foundation  Brick House Color  Blue
Floors  Vinyl, Carpet Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom Burlington Downtown Ctr. Go South on St. Paul Street, past Maple St. to blue Building on right before Kerry's Quick Stop.
Lot Description, Level, City Lot, Sidewalks
Garage & Parking  No, , , On Site, On-Site
Road Frontage  50 Water Access  
Driveway  Crushed Stone Water Type  
Flood Zone  No Water Body  
Zoning  FD5 Downtown Center
School District  Burlington School District Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, Hot Air Negotiable  
Sewer  Public Parcel Access ROW  
Water  Public ROW for Other Parcel  
Water Heater  Owned, Gas-Natural Financing  
Cable Co  Choice Documents  Survey, Deed, Property Disclosure, Property Disclosure, Survey
Electric  Circuit Breaker Tax ID  11403517572
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† The remarks published on this webpage originate from Listed By Shawn P. Nolan of Cannizzaro Real Estate 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.