Residential Income
61 South Union Street Burlington, VT 05401
61 South Union Street, Burlington, VT, 05401
$749,000
For Sale
$749,000
MULTI_FAMILY - Other - Burlington, VT
Property Size2,849 SF
Lot Size0.16 Acres
Price / SF$262.90
Days on Market143
Property Features for 61 South Union Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 7
- Bathrooms
- 3
- Rooms
- Bedroom 2, Bedroom 6, Bedroom 1, Bathroom 3, Bathroom 2, Bedroom 4, Basement, Bedroom 5, Bedroom 7, Bedroom 3, Bathroom 1
- Parking features
- Off Street, Garage, On Street
- Patio and Porch features
- Porch
- Exterior features
- Porch, Enclosed Porch
- Appliances
- Gas Water Heater, Owned Water Heater
- Standard status
- Active
- Size
- 2,849 SF
- Lot size
- 0.16 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 14073
Utilities
- Heating system
- Baseboard, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1899
- Floors in Building
- 3
- Number of units
- 3
- Flooring type
- Wood, Carpet, Hardwood, Laminate
- Building materials
- Vinyl Siding
- Roof type
- Slate
- Architectural style
- Other
Listing Agency
BHHS Vermont Realty Group/Burlington
(802) 864-9856
1161 Williston Road, South Burlington, VT
Listed by
Charles C. Burns
(802) 658-5555
Added: Feb 23 Checked: Jul 16 at 3:06 pm
MLS# 5077554
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.
Investment Insights
Based on property information with market context.
This for-sale residential income triplex offers multiple well-sized units within a sprinklered building. The property is complemented by ample parking and includes a detached single-car garage, supporting convenient resident and tenant access.
Located at 61 South Union Street in Burlington, VT, the building sits in an established area positioned between UVM and downtown, according to the listing remarks. The surrounding setting supports a residential tenant base, while the parking availability helps reduce friction for everyday use.
With good-sized units already in place and multiple separate rental spaces, this property may appeal to buyers seeking a manageable, income-oriented residential asset. The sprinkler system and on-site parking infrastructure are practical considerations for tenants and operators, while the detached garage adds additional utility for residents. Zoning is listed as Residential, aligning the site with standard residential use.
Located at 61 South Union Street in Burlington, VT, the building sits in an established area positioned between UVM and downtown, according to the listing remarks. The surrounding setting supports a residential tenant base, while the parking availability helps reduce friction for everyday use.
With good-sized units already in place and multiple separate rental spaces, this property may appeal to buyers seeking a manageable, income-oriented residential asset. The sprinkler system and on-site parking infrastructure are practical considerations for tenants and operators, while the detached garage adds additional utility for residents. Zoning is listed as Residential, aligning the site with standard residential use.
Key Highlights
- Built in 1899 with vinyl siding and a slate roof
- Public water service
- Heating includes natural gas with baseboard heating
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.5k | $15.96 |
| − Vacancy | −$518 | −$0.18 |
| EGI | $45.0k | $15.78 |
| − OpEx | −$13.5k | −$4.73 |
| NOI | $31.5k | $11.04 |
2,849 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.5K
$393.3K – $524.4K
NOI $31,466 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$398.1K
$348.3K – $464.5K
NOI $27,867 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$781.4K
$683.8K – $911.7K
NOI $54,701 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - A sprinklered triplex with off-street parking and a detached single-car garage, suited for steady residential income.
Where is this triplex located?
The property is located at 61 South Union Street Burlington, VT.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Built in 1899 with vinyl siding and a slate roof; Public water service; Heating includes natural gas with baseboard heating
