Price Reduction - Waterfront
Address
44-46 Sherman Street, Burlington, VT
Price
$ 639,000
Property Attributes
- MLS#5091803
- TypeMulti-Family
- Listing Status Active
- CountyCHITTENDEN
- CityBurlington
- AreaChittenden
- NeighborhoodLake Champlain
- Zip05401
- StyleApartment Building
- Year Built1899
- Price$ 639,000
- Bedrooms4
- Full Bathrooms4
- Half Bathrooms0
- Sqr Footage2976
- Lot Size0.12 Acres
Data Source:
PrimeMLS
Property Description
INVESTOR'S DREAM: Lakefront Views & Prime Downtown Location! Seize a rare opportunity to own a highly desirable investment property located on a corner lot offering breathtaking, unobstructed views of majestic Lake Champlain and the towering New York Adirondack Mountains. This exceptional multi-unit property boasts a truly centralized location, putting your tenants in the heart of the action. Enjoy the ultimate convenience with public transportation, sidewalks, the scenic recreational path, and vibrant waterfront events literally outside your door. Easy access to the shopping, diverse dining options, the University of Vermont (UVM), and the UVM Medical Center. A healthy rental history and long-term tenants makes this a great investment opportunity. Listing Agent related to seller
| High School |
|---|
| Burlington High School |
| Price History | |
|---|---|
| 5/29/2026 | Listed $659,000 |
| 8/26/2026 | 4$639,000 |
General Features
| Road Frontage | TBD |
|---|---|
| Separate Utilities | Varies |
| Sewer | Public |
| Heating | Natural Gas,Floor Furnace,Hot Water,Radiator |
| Cooling | None |
| Utilities | Gas On-Site,Underground Gas |
| Possession | At Closing,Tenant Rights |
| Roof | Slate |
| Appliances | Gas Water Heater,Natural Gas Water Heater,Owned Water Heater |
| Garage | Yes |
| Flood Zone | No |
| Zoning | Residential- Medium Dens |
| Unit 3 Level Number | 1 |
| Unit 2 Level Number | 2 |
| Unit 4 Level Number | 2 |
| Unit 1 Level Number | 1 |
| Operating Expense | 20744 |
| Year Built | 1899 |
| Electric | Circuit Breaker(s) |
| Style | Apartment Building |
| Stories Count | 2 |
| Documents Available | Certificate of Compliance,Deed,Property Disclosure |
| Net Income | 53196 |
| Property Condition | Existing |
| Trash | Dumpster,Owner |
| Tax Year | 2026 |
| Gross Income | 73950 |
| Fuel Company | VT Gas |
| Electric Company | Burlington Electric |
| Covenants | No |
| Construction Materials | Wood Frame |
| High School | Burlington High School |
| City | Burlington |
| Property Class | Multi-Family |
| School District | Burlington School District |
| Seasonal | No |
| DOM | 112 |
| Price Per Sq Ft Total AG | 214.72 |
| Last Updated | 08/26/2026 10:44:01 |
Interior Features
| Basement Description | Dirt,Interior Stairs,Storage Space,Unfinished |
|---|---|
| Basement | Yes |
| Flooring | Combination |
| Total Number of Units | 4 |
| Unit 4 Bedrooms | 1 |
| Unit 1 Bedrooms | 1 |
| Unit 3 Bedrooms | 1 |
| Unit 2 Bedrooms | 1 |
| Total Full Baths | 4 |
| Unit 2 Lease Term | Month to Month |
| Unit 3 Lease Term | Month to Month |
| Unit 4 Lease Term | Month to Month |
| Total Ranges | 4 |
| Total Refrigerators | 4 |
| Unit 1 Status | Vacant |
| Unit 2 Status | Leased |
| Unit 3 Status | Leased |
| Unit 4 Status | Leased |
| Unit 1 Info | Appliances Included,Ceiling Fan,Electric,Furnished,Natural Gas Heat,Hot Water,Other,Porch,Electric Range,Refrigerator,Smoke Detector,Water Heater |
| Unit 2 Info | Appliances Included,Natural Gas Heat,Refrigerator,Smoke Detector,Water Heater |
| Unit 3 Info | Appliances Included,Dryer,Natural Gas Heat,Hot Water,Refrigerator,Smoke Detector,Washer |
| Unit 4 Info | Appliances Included,Natural Gas Heat,Hot Water,Refrigerator,Smoke Detector |
| Internet | High Speed Intrnt at Site,Fiber Optic Internet |
| Total Finished Area | 2976 |
| Total Water Heaters | 3 |
| Total 1 BR Units | 4 |
| Basement Access Type | Interior |
Exterior Features
| Lot Features | City Lot,Corner,Landscaped,Level,Sidewalks,Street Lights,Near Paths,Near Shopping,Near Public Transport,Near Hospital,Near School(s) |
|---|---|
| Exterior Amenities | Building,Covered Porch,Enclosed Porch,Window Screens,Double Pane Window(s) |
| Driveway | Crushed Stone |
| Water View | Yes |
| Lot Size Area | 0.12 |
| Water Source | Public |
| Parking Features | Driveway,Garage,Off Street,Unpaved |
| Garage Capacity | 1 |
| Water Body Name | Lake Champlain |
| Foundation | Brick,Stone |
| Total Electric Meters | 3 |
| Total Gas Meters | 3 |
| Waterfront Property | No |
| Road Frontage Type | Public |
| Surveyed | Unknown |
| Water Body Type | Lake |
| Lot Size Square Feet | 5227 |
| Water Body Access | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 05401
Statistics provided by Inside Real Estate
Price
Year Built
Visits
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consumers may be interested in purchasing. Data last updated September 21, 2026 5:53 AM UTC
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