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    38 Sherman St Burlington, VT 05401

    New
    Under Contract
    For Sale
    $735,000

    Multi-Family - Burlington, VT

    Property size:
    2,102 SF
    Lot size:
    0.24 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 5 at 3:06 am

    Property Features for 38 Sherman St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    Zoning
    Residential Medium Dens
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    5
    EntryLevel
    Unit 4: 2,Unit 5: 2,Unit 1: 1,Unit 2: 1,Unit 3: 1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Size
    2,102 SF
    Lot size
    0.24 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)

    Building Details

    Year built
    1920
    Floors in Building
    2
    Number of units
    5
    Roof type
    Shingle
    Architectural style
    Other

    KW Vermont (802) 654-8500 [email protected]

    Listing agent Louise Johnson (802) 654-8500

    Listing date Nov 30, 2025

    MLS# 5066580 Listing URL

    Copyright © 2025 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lakefront Multi-Unit Investment Property

    This multi-unit property presents an investment opportunity with views of Lake Champlain and the New York Adirondack Mountains. The property is centrally located, offering access to public transportation, a recreational path, waterfront events, shopping, dining, the University of Vermont (UVM), and the UVM Medical Center. The property has a healthy rental history and includes off-street parking. The lot size is 0.24 acres. The property size is 2102 square feet. The zoning is Residential Medium Dens.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Dental Office Spa & Massage Law Firm Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2197088
    Latitude
    44.4823166

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    FAQs

    What type of property is this?
    Apartment building - Investment property with lake views and prime downtown location.
    Where is this apartment building located?
    The property is located at 38 Sherman St Burlington, VT.
    What is the asking price?
    The asking price for this property is $735,000.
    What are key features of this property?
    This property features: - Unobstructed Lake Champlain and Adirondack Mountain views.; - Prime downtown location with immediate access to transportation, recreation path, and waterfront events.; - Multi-unit property with healthy rental history.
    (802) 654-8500
    Request Owner's contact information
    38 Sherman St Burlington, VT 05401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    38 Sherman St Burlington, VT 05401
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