Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Burlington Multi-Family Near UVM Title is generated by Realmo AI

    61 South Union Street, Burlington, VT 05401

    View on Map
    Claim this Listing
    For Sale
    $749,000

    Multi-Family - Burlington, VT

    Property size:
    2,849 SF
    Lot size:
    0.16 Acres
    Price / SF:
    $262/SF
    Added:
    Feb 23, 2026
    Days on Market:
    86
    Last Refresh:
    May 20 at 3:06 pm

    Property Features for 61 South Union Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Residential
    Bedrooms
    7
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    1
    Parking features
    Garage, Paved or Surfaced
    EntryLevel
    Unit 1: 1,Unit 2: 2,Unit 3: 3
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    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

    Building Details

    Year built
    1899
    Floors in Building
    2.5
    Number of units
    3
    Flooring type
    Carpet, Hardwood, Laminate, Wood
    Roof type
    Slate
    Architectural style
    Other

    We can help!

    Listing Contact
    Charles C. Burns

    Listing agent Charles C. Burns

    Listing office BHHS Vermont Realty Group/Burlington 1161 Williston Road, South Burlington, VT

    Listing date Feb 23, 2026

    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.

    HighLights

    • Excellent location between UVM and downtown
    • Detached single car garage and ample parking
    • Good sized units ideal for renting
    • Sprinkler system installed
    • Multiple flooring types: Carpet, Hardwood, Laminate, Wood
    • Basement

    Overview

    This multi-family property is located in Burlington, VT, conveniently situated between the University of Vermont (UVM) and the downtown area. The building features a sprinkler system. The property includes a detached single-car garage and ample parking space. The units are of a good size, which facilitates renting. The lot size is 0.16 acres, and the property size is 2849 square feet.
    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 Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2093933
    Latitude
    44.4787195

    Nearby Similar for Sale

    • $989,900

      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
    • $1,800,000
      5,798 SF

      Burlington Multi-Family Investment Opportunity

      Seven-unit property near Ethan Allen Park with income potential.
      76 Ethan Allen Parkway, Burlington, VT 05408
      View Details
    • $649,900
      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
    • $489,000
      1,449 SF

      Well-Maintained Duplex in Old North End

      Duplex in Burlington's Old North End with recent upgrades.
      42-44 Oak Street, Burlington, VT 05401
      View Details
    • $439,000
      2,008 SF

      South End Duplex Opportunity

      Versatile property in Burlington's South End with duplex zoning.
      10-12 Shelburne Street, Burlington, VT 05401
      View Details
    • $899,000
      2,352 SF

      Burlington Lakeside Duplex Opportunity

      Well-maintained duplex in Burlington's Lakeside neighborhood, near Lake Champlain.
      86-88 Central Avenue, 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
    • $799,000
      1,902 SF

      Turnkey Burlington Multi-Family Investment

      Four-unit property in Burlington's Old North End with strong cashflow.
      25 Intervale Avenue, Burlington, VT 05401
      View Details
    • $6,950,000
      16,481 SF

      Renovated Multi-Family Portfolio, Burlington

      Income-producing multi-building portfolio in Burlington's desirable Downtown Center.
      252-260 College Street, Burlington, VT 05401
      View Details
    • $1,500,000
      1,066 SF

      Updated Multi-Family with Lake Views

      Updated 3-unit property in Burlington's South End with lake views.
      56 Wright Avenue, Burlington, VT 05401
      View Details
    • $1,800,000

      Burlington Investment Property Near Park

      Seven-unit property near Ethan Allen Park with income potential.
      76 Ethan Allen Parkway, Burlington, VT 05408
      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

    FAQs

    What type of property is this?
    Triplex - Multi-family property in excellent location between UVM and downtown.
    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: Excellent location between UVM and downtown; Detached single car garage and ample parking; Good sized units ideal for renting
    (802) 658-5555
    We can help!
    Listing Contact
    Charles C. Burns
    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

    Thank You for Inquiry
    61 South Union Street, Burlington, VT 05401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!