254 & 256-258 Pearl Street Burlington, Vermont 05401 MLS# 5014076

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For Sale Status

$1,398,000 List Price

Multi Type

6 Beds

5 Baths

6,056 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
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Burlington

254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street
254 & 256-258 Pearl Street

Downtown Mixed-Use Property

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.

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

254 & 256-258 Pearl Street Burlington

Property Details

List Price  1,398,000 Bedrooms  6 Garage Size  2 Car
Cooperation Fee  2.5% Total Bathrooms  5 Year Built  1899
MLS#  5014076 Lot Size  0.31 Acres Taxes $27,896
Type  Multi-Family Days on Market  70 Days Tax Year 2024
Units  4 Stories  1/2/1900 Road Frontage  
Annual Income  $106,140 Style   Water Frontage  
Annual Expenses  $0 Finished  6,056 Sqft Construction  No, Existing
Zoning   RM Above Grade  6,056 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Sep 12th, 2024
Gross Income  $106,140 Operating Expenses  $0 Net Income  $66,975
Expenses Includes 
Unit 1   2 Beds, 2 Baths, $2,900/Monthly Unit 2   0 Beds, 1 Baths, $3,345/Monthly
Unit 3   2 Beds, 1 Baths, $1,300/Monthly Unit 4   2 Beds, 1 Baths, $1,300/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Brick, Stone House Color  
Floors   Building Certifications  
Roof  Slate HERS Index  
DirectionsPortfolio property is on Pearl Street between Greene Street and North Union Street.
Lot Description
Garage & Parking  Yes
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, Steam, 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 & 15889
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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.