Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40-40 1/2 Convent Square Burlington, VT 05401

    View on Map
    For Sale
    $624,000

    Multi-Family - Burlington, VT

    Property size:
    1,642 SF
    Lot size:
    0.15 Acres
    Added:
    Jun 19, 2025
    Days on Market:
    288
    Last Refresh:
    Apr 2 at 2:06 am

    Property Features for 40-40 1/2 Convent Square

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R3
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    EntryLevel
    Unit 1: 1,Unit 2: 2,Unit 3: 1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    1,642 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    TaxYear
    2025
    TaxAnnualAmount
    10960.16

    Utilities

    Heating system
    Natural Gas, Space Heater

    Building Details

    Year built
    1919
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Laminate, Tile, Vinyl, Wood
    Roof type
    Asphalt, Shingle, Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    idENTITY real estate group

    Listing agent idENTITY real estate group

    Listing office KW Vermont 68 Randall St., South Burlington, VT

    Listing date Jun 19, 2025

    MLS# 5047509 Listing URL

    Copyright © 2026 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

    Burlington Multi-Family Investment Opportunity

    Located in Burlington's O.N.E., this property features a duplex and a separate single-family home on a 0.15-acre lot. The property offers versatility for generating rental income from three independent units, housing extended family, or living in one unit while offsetting the mortgage with rent from the others. Each unit provides distinct living space, ensuring privacy and appeal for residents. Expect functional layouts, comfortable rooms, and ample natural light across all residences. The generous lot provides ample outdoor space for all occupants, with individual patios, shared green areas, or room for gardening. Convent Square is a highly coveted location, placing residents at the epicenter of Burlington's finest amenities. Residents can enjoy access to Lake Champlain's waterfront and downtown Burlington's shops and restaurants. The property size is 1,642 square feet. This property is a strategic acquisition in Burlington's real estate market, with high demand for multi-unit properties in this location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2243182
    Latitude
    44.4888218

    Nearby Similar for Sale

    • $1,100,000

      Unique Burlington Commercial/Residential Opportunity

      One-of-a-kind property with flexibility as residence or office space.
      308 College Street, Burlington, VT 05401
      View Details
    • $774,900
      2,619 SF

      Updated Three-Unit Property in Burlington

      Well-maintained three-unit property with strong income potential in Burlington, VT.
      52 Isham Street, Burlington, VT 05401
      View Details
    • $489,000
      2,914 SF

      Downtown Burlington Four-Unit Multifamily Property

      Four-unit multifamily property in downtown Burlington with value-add potential.
      27-29 Lafountain Street, Burlington, VT 05401
      View Details
    • $849,000
      1,902 SF

      Burlington Multi-Family Investment Opportunity

      Turnkey four-unit property in Burlington's Old North End.
      25 Intervale Avenue, Burlington, VT 05401
      View Details
    • $685,000
      1,928 SF

      South End Burlington Duplex

      Well-maintained duplex in desirable Burlington location with lake views.
      579 South Willard Street, Burlington, VT 05401
      View Details
    • $799,000
      2,849 SF

      Burlington Multi-Family Near UVM

      Multi-family property in excellent location between UVM and downtown.
      61 South Union Street, Burlington, VT 05401
      View Details
    • $300,000
      2,028 SF

      Burlington Duplex: Investor Opportunity

      Duplex in Burlington's Old North End, great investment potential.
      174-176 North Champlain Street, Burlington, VT 05401
      View Details
    • $914,000
      3,105 SF

      Burlington Triplex Investment Opportunity

      Well-maintained triplex in Burlington's O.N.E. with income potential.
      227-229 Intervale Avenue, Burlington, VT 05401
      View Details
    • $744,000
      2,948 SF

      Burlington Triplex Investment Opportunity

      Well-configured triplex in Burlington's O.N.E. neighborhood.
      311-315 North Winooski Avenue, Burlington, VT 05401
      View Details
    • $584,000
      1,817 SF

      Burlington Triplex with Income Potential

      Triplex in desirable location with robust income potential.
      317 North Winooski Avenue, Burlington, VT 05401
      View Details
    • $557,000
      1,673 SF

      Burlington Duplex in Prime Location

      Duplex in Burlington's O.N.E., near downtown, waterfront, and schools.
      43 Cedar Street, Burlington, VT 05401
      View Details
    • $725,000
      1,848 SF

      Burlington Duplex with Income Potential

      Updated duplex near Church Street Marketplace with strong income.
      94 Park Street, Burlington, VT 05401
      View Details

    FAQs

    What type of property is this?
    Triplex - Three independent units on one expansive lot in Burlington's O.N.E.
    Where is this triplex located?
    The property is located at 40-40 1/2 Convent Square Burlington, VT.
    What is the asking price?
    The asking price for this property is $624,000.
    What are key features of this property?
    This property features: Three independent units (duplex and single‑family home) offer significant rental income potential.; Highly desirable Convent Square location provides easy access to Lake Champlain waterfront and downtown Burlington's amenities.; Generous lot provides ample outdoor space.
    (802) 999-8410
    We can help!
    Listing Contact
    idENTITY real estate group
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!