Listed by Christine Golden • Nedde Real Estate. Bought with BHHS Vermont Realty Group/Burlington.
Off Market Aug 2018 for $620K
$1,208,576
Est. refi paymentEst. refi$4,060/mo
8
bd
•
4 ba
•
3,949
sq ft
137 Shelburne St, Burlington, VT 05401
About this home
Burlington Investment Property with Great Returns This Burlington investment property has been owned and managed by Nedde Real Estate since its purchase in 2014 and is now fully leased with dependable, long term tenants. Updates include revitalizing the detached, 2-bay garage for rental purposes, new water heater tank in 2017 and new garage bay doors throughout. This work horse of an investment property brings in great returns and is being sold due to the disbanding of the ownership partnership. Features: Four 2-bedroom apartments, fully leased Two storage garage bays, fully leased Laundry room in basement with coin-op washer/dryer and new flooring Storage cages in basement adding value for tenants Charming apartment layouts with lots of natural light One apartment completely renovated New water heater tank installed in 2017 Ample parking for all tenants Tenants pay separately metered electricity Heat included in all rent See expense and NOI analysis attached
Multi-familyProperty Type
1920Year Built
0.46 acresLot Size
$306Est. Price/Sq.Ft.
6 car garageParking
Listed by Christine Golden• Nedde Real Estate
Bought with Charles C. Burns• BHHS Vermont Realty Group/Burlington
Two buildings with 6 garage spaces on a large lot in Burlington. Rent is well below market for these large units. Garage spaces are rented for $60/month. Additional income from these garage rentals totals $4380/yr. Great location in Burlington`s South End overlooking Callahan Park. 3 of 4 apartments are over 1000 sq. ft.
Public Records
Jan 2, 1997
Sold
$218,800
$55/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$10,005 (−4.8%)
$636,600 + $27,200
$663,800
2024
$10,513 (+8.5%)
$636,600 + $27,200
$663,800
2023
$9,686 (−30.9%)
$636,600 + $27,200
$663,800
2022
$14,023 (−4.0%)
$636,600 + $27,200
$663,800
2021
$14,610 (+12.4%)
$630,000 + $33,800
$663,800
2020
$12,999 (+5.1%)
$243,200 + $179,200
$422,400
2019
$12,363 (+4.1%)
$243,200 + $179,200
$422,400
2018
$11,874 (+5.5%)
$243,200 + $179,200
$422,400
2017
$11,250 (+2.3%)
$243,200 + $179,200
$422,400
2016
$10,993 (+1.8%)
$243,200 + $179,200
$422,400
2015
$10,798 (+1.2%)
$258,400 + $165,100
$423,500
2014
$10,665 (+1,339.3%)
$258,400 + $165,100
$423,500
2011
$741
$258,400 + $165,100
$423,500
Tax history for 137 Shelburne St
Year
Property tax
Land + Additions
Assessment*
2025
$10,005 (−4.8%)
$636,600 + $27,200
$663,800
2024
$10,513 (+8.5%)
$636,600 + $27,200
$663,800
2023
$9,686 (−30.9%)
$636,600 + $27,200
$663,800
2022
$14,023 (−4.0%)
$636,600 + $27,200
$663,800
2021
$14,610 (+12.4%)
$630,000 + $33,800
$663,800
2020
$12,999 (+5.1%)
$243,200 + $179,200
$422,400
2019
$12,363 (+4.1%)
$243,200 + $179,200
$422,400
2018
$11,874 (+5.5%)
$243,200 + $179,200
$422,400
2017
$11,250 (+2.3%)
$243,200 + $179,200
$422,400
2016
$10,993 (+1.8%)
$243,200 + $179,200
$422,400
2015
$10,798 (+1.2%)
$258,400 + $165,100
$423,500
2014
$10,665 (+1,339.3%)
$258,400 + $165,100
$423,500
2011
$741
$258,400 + $165,100
$423,500
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.