Multi-Family for Sale: 366 North Avenue, Burlington, VT 05401

5 beds
3 full baths
4,394 sqft
$695,000
$695,000
366 North Avenue, Burlington, VT 05401
5 beds
3 full baths
4,394 sqft
$695,000
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Price:
$695,000
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Type Multi-Family
Style Colonial, Walkout Lower Level, Multi-Family
Beds 5
Total Baths 3 full baths
Square Feet 4,394 sqft
Lot Size 0.30 acres
Year Built 1935
Taxes Paid $13,129
City Burlington
County Chittenden
School District Burlington School District
MLS 5010130
Status Active
DOM 100 days
Burlington RC Zone Investment Opportunity: Versatile Property with Income Potential This property is now in Burlington's RC zone, opening the door to a four-story apartment building project. It offers a unique opportunity to live in the main house while generating income from an accessory apartment and storage building. The main house is currently vacant, Nest thermostats, and more. The accessory apartment features a renovated kitchen with new cabinets, appliances, and flooring, and is currently rented for $1,750. The outbuilding, used for storage, rents for $1,200/month that ends with the sale but an opportunity. The spacious garage, currently a workshop, can accommodate four cars and has potential for conversion into a home business space. The lot offers views of the Green Mountains, with the potential for creating a patio area to enjoy the scenery. Located close to all amenities, this well-maintained property provides plenty of living space, including a large open living room/kitchen, a first-floor bedroom with a new full bathroom, additional spaces for an office or den, and two bedrooms on the second level. Don't miss this versatile investment opportunity!

Lot & Building Features

Appliances Water Heater–Natural Gas
Utilities Other
Construction Vinyl Siding, Wood Frame
Cooling Central AC, Other
Heating Baseboard, Hot Air, Forced Air
Parking Description Auto Open, Underground, RV Access/Parking, Parking Spaces 6+, On-Site, Garage, Driveway
Sewer Public
Tax Year 2024
Taxes Paid $13,129
Water Public
Basement Description Climate Controlled, Walkout, Storage Space, Stairs - Interior, Interior Access, Gravel, Finished, Exterior Access
Foundation Block, Concrete
Lot Description City Lot, Sidewalks, Major Road Frontage, Level
Roof Shingle - Asphalt
Features Exterior Outbuilding, Porch - Covered
Garage Yes

Community and Schools

Elementary School Assigned
Junior High School Lyman C. Hunt Middle School
Senior High School Burlington High School

Unit Features

Unit 1 Apx Sqft 1864
Unit 1 Baths 2
Unit 1 Bedrooms 4
Unit 1 Info Appliances Included, Washer, Smoke Detector, Refrigerator, Porch, Microwave, Kitchen Island, Heat - Natural Gas, Fireplace - Gas, Dryer, Dishwasher, Cooktop - Electric, CO Detector, Ceiling Fan
Unit 1 Rental Agreement No
Unit 1 Rooms 7
Unit 1 Status Vacant
Unit 1 Tenant Pays All Utilities, TV Service, Trash, Internet Service
Unit 2 Apx Sqft 936
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 2 Info Ceiling Fan, Water Heater, Smoke Detector, Refrigerator, Range - Gas, Microwave, Heat - Natural Gas, Deck, CO Detector
Unit 2 Lease Term Annual
Unit 2 Rental Agreement Yes
Unit 2 Rental Amount 1750.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Rooms 3
Unit 2 Status Month to Month
Unit 2 Tenant Pays All Utilities, TV Service, Trash, Internet Service, Hot Water, Heat, Electric

Price History of 366 North Avenue, Burlington, VT

Date Name Price Difference
08/16/2024 Listing Price $695,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 366 North Avenue, Burlington, VT

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Photo of The Patey Team
Direct: 603-548-6392
Office
PO Box 316
Raymond, NH 03077
603-548-6392
Listed by Four Seasons Sotheby's Int'l Realty, Kathleen OBrien & Patrick O'Connell
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1.8890647482014%
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366 North Avenue (MLS #5010130) is a multi-family listing located in Burlington, VT. This multi-family listing is 4,394 sqft and on a lot of 13,068 sqft (or 0.30 acres) with 5 bedrooms, 3 baths and is 89 years old. This property was listed on 08/16/2024 and has been priced for sale at $695,000.

Nearby zip codes are 05401 3434, 05403, 05404, 05408 and 05446. This property neighbors other cities such as Colchester, Essex, Shelburne, South Burlington and Winooski.

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Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Four Seasons Sotheby's Int'l Realty

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/24/2024