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Located in the heart of Burlington's Hill Section, 305 South Union St is an extraordinary 7-unit multi-family property located only 4 blocks from downtown Burlington. This landmark property offers some amazing views of Lake Champlain and is conveniently located close to Champlain College and UVM. Impressive woodwork, stained glass, and craftsmanship throughout. There is a 2-car garage, off-street parking, and a LARGE backyard. This rare investment opportunity has only had 2 owners in 50+ years.
Property Location
305 South Union Street Burlington
Property Details
Sold Price $1,402,000
Sold Date May 31st, 2023
List Price 1,250,000
Bedrooms 10
Garage Size 2 Car
Cooperation Fee Unknown
Total Bathrooms 7
Year Built 1900
MLS# 4948661
Lot Size 0.36 Acres
Taxes $24,895
Type Multi-Family
Days on Market 588 Days
Tax Year 2022
Units 7
Stories 1/2/1900
Road Frontage 70
Annual Income $108,720
Style Multi-Family
Water Frontage
Annual Expenses $0
Finished 5,643 Sqft
Construction No, Existing
Zoning RM
Above Grade 4,762 Sqft
Seasonal No
Total Rooms 10
Below Grade 881 Sqft
List Date Apr 13th, 2023
Gross Income $108,720
Operating Expenses $0
Net Income $61,791
Expenses Includes
Unit 1 1 Beds, 1 Baths, $1,125/Monthly
Unit 2 3 Beds, 1 Baths, $2,280/Monthly
Unit 3 1 Beds, 1 Baths, $650/Monthly
Unit 4 1 Beds, 1 Baths, $1,200/Monthly
Unit 5 2 Beds, 1 Baths, $1,650/Monthly
Unit 6 1 Beds, 1 Baths, $1,105/Monthly
Unit 7 1 Beds, 1 Baths, $1,050/Monthly
ConstructionWood Frame
BasementInterior, Unfinished, Finished
Interior Features
Exterior Features
Exterior Aluminum
Disability Features
Foundation Brick, Stone
House Color Yellow
Floors
Building Certifications
Roof Slate
HERS Index
DirectionsFrom downtown, south on South Union St, pass Adams St, 4th property on right
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