256-258 Pearl St Burlington, VT 05401
Property profile & analytics
256-258 Pearl St, Burlington, VT 05401
- Investment properties
- 4,276 SF
- 0.88 lot acres
Property ID
US89-0135453
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 256-258 Pearl St
- Year built
- 1899
- Construction
- FRAME
- Lot size
- 0.88 lot acres
- Zone code
- RM
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- (035) 045-2-001-000
- APU
- 350452001000
Description
This exceptional mixed-use property at 256-258 Pearl Street in Burlington, Vermont, presents a unique investment opportunity. The 4,276 square foot building, constructed in 1899, boasts a prime downtown location in Chittenden County (zip code 05401) and sits on a 0.17-acre lot. Currently configured as a three-unit building, it features a well-established dental office on the ground floor, generating consistent income. The upper two floors comprise two spacious two-bedroom apartments, each offering significant rental potential. The building also includes a large walk-up attic with a vaulted ceiling, presenting a substantial opportunity for expansion and increased rental income. The current Net Operating Income (NOI) stands at $47,630, yielding a 5.30% capitalization rate. The asking price is $899,000, translating to $299,667 per unit and $210 per square foot. The property is zoned RM and benefits from ample parking. Tenants are responsible for their own heat and electricity, minimizing operational expenses for the owner. This property offers a compelling blend of established income and significant upside potential, making it an attractive investment in a thriving Vermont market. The building's location and existing tenancy provide immediate cash flow, while the expansion possibilities in the attic offer long-term growth potential. This is a rare opportunity to acquire a well-located, income-producing property with significant upside in a desirable downtown Burlington location.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $485,000
- ML approach
- $535,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $685,000
- 6.5%
- $635,000
- 7%
- $590,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $366,000
Market price range: $203k - $563k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.2085
- Latitude
- 44.4808
- CBSA code
- 15540
- CBSA name
- BURLINGTON-SOUTH BURLINGTON, VT METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,005
$662,600
$200
$662,800
-
$0.00
$0.00
$0.00
