484-488 South Union Street Burlington, Vermont 05401 MLS# 5009337

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For Sale Status

$1,050,000 List Price

Multi Type

6 Beds

4 Baths

3,120 Sqft

Listed By Lipkin Audette Team of Coldwell Banker Hickok & Boardman - (802) 846-8800
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484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484-488 South Union Street
484 1st floor (486 is mirror) 484 1st floor (486 is mirror)
484 2nd floor (486 is mirror) 484 2nd floor (486 is mirror)
484 basement (486 is mirror) 484 basement (486 is mirror)
484.5 484.5
488 (Cottage) 488 (Cottage)

4 Units in Burlington

This 4-unit Burlington apartment features five bedrooms across three units, plus a separate Sears Roebuck one-bedroom cottage. The triplex includes two spacious two-bedroom apartments and a top-floor one-bedroom unit boasting breathtaking Lake Champlain views. Positioned in the back of the property, the one-bedroom cottage offers a nice open floor plan, perfect for a special living experience. Excellent condition throughout with many recent updates. Hardwood floors, separate utilities (including water!), and ample paved parking. This property is ideal for owner-occupiers or investors looking for a prime addition to their 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

484-488 South Union Street Burlington

Property Details

List Price  1,050,000 Bedrooms  6 Garage Size   Car
Cooperation Fee  2.5% Total Bathrooms  4 Year Built  1928
MLS#  5009337 Lot Size  0.15 Acres Taxes $17,193
Type  Multi-Family Days on Market  75 Days Tax Year 2024
Units  4 Stories  1/2/1900 Road Frontage  
Annual Income  $74,400 Style   Water Frontage  
Annual Expenses  $0 Finished  3,120 Sqft Construction  No, Existing
Zoning   RM Above Grade  3,120 Sqft Seasonal  No
Total Rooms  6 Below Grade  0 Sqft List Date  Aug 12th, 2024
Gross Income  $74,400 Operating Expenses  $0 Net Income  $50,567
Expenses Includes 
Unit 1   2 Beds, 1 Baths, $1,775/Monthly Unit 2   1 Beds, 1 Baths, $1,100/Monthly
Unit 3   2 Beds, 1 Baths, $1,825/Monthly Unit 4   1 Beds, 1 Baths, $1,500/Monthly
Construction
BasementInterior, Unfinished
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Block, Concrete, Slab - Concrete House Color  
Floors   Building Certifications  
Roof  Shingle-Asphalt HERS Index  
DirectionsFrom RT 7 north, continue through roundabout to South Union Street past Beech Street, property will be second on right.
Lot Description
Garage & Parking  No
Road Frontage   Water Access  
Driveway  Paved Water Type  
Flood Zone  Unknown Water Body  
Zoning  RM
School District  NA Middle  
Elementary   High  
Heat Fuel   Excluded  
Heating/Cool  None, None, Hot Air, Heat Pump Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  
Electric  Circuit Breaker Tax ID  114-035-18835
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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.