484-488 Un St Burlington, VT 05401
Property Lookup
Property profile & analytics
484-488 Un St Burlington, VT 05401
- Apartment buildings
- 0.15 lot acres
Property ID
US89-0171852
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
- Apartment buildings
Property Details for 484-488 Un St
- Lot size
- 0.15 lot acres
- Zone code
- RL
- Property type
- Apartment buildings
- APN
- (035) 054-1-064-000
- APU
- 350541064000
Description
This exceptional four-unit apartment building, located at 484-488 S Union St, Burlington, VT 05401, presents a compelling investment opportunity. The property, built in 1928 and situated on a 0.15-acre lot, boasts 3,120 square feet and offers a compelling blend of historical charm and modern updates. The building comprises three units within a triplex and a separate one-bedroom cottage, originally a Sears Roebuck home. Two units feature two bedrooms each, while the third unit on the top floor offers one bedroom and stunning Lake Champlain views. The separate cottage provides a unique one-bedroom floor plan. All units benefit from hardwood floors and separate utilities, including water. Ample paved parking is available. The current NOI is $50,967, with a pro-forma NOI of $74,967, resulting in a current cap rate of 4.63% and a pro-forma cap rate of 6.82%. The asking price is $1,100,000, or $275,000 per unit. The property is zoned RM and presents an ideal opportunity for both owner-occupiers and investors seeking a strong return on investment in a desirable Burlington location. Recent updates enhance the property's condition and appeal. This is a rare chance to acquire a well-maintained multifamily property with significant upside potential in a thriving Vermont market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.2074
- Latitude
- 44.4665
- 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
$15,032
$489,700
$221,700
$711,400
-
$0.00
$0.00
$0.00
