Duplex with Off-Street
For Sale
$525,000
73-75 N Champlain Street, Burlington, VT 05401
Multi-Family, Burlington, VT
Property Size1,920 SF
Lot Size0.08 Acres
Price / SF$273.44
Days on Market73
Property Features for 73-75 N Champlain Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 4, Bedroom 1, Bedroom 2, Bathroom 2, Bedroom 3
Patio and Porch features
Porch
Exterior features
Covered Porch, Enclosed Porch
Lot features
City Lot
Elementary school
Assigned
Middle school
Edmunds Middle School
High school
Burlington High School
Elementary school district
Burlington School District
Middle school district
Burlington School District
High school district
Burlington School District
Standard status
Active
Size
1,920 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8163
Utilities
Heating system
Natural Gas, Forced Air, Space Heater
Water source
Public
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Wood Frame
Roof type
Membrane
Architectural style
Other
Listing Agency:
Flat Fee Real Estate
Listed By:
Robert Foley
(802) 318-0833
Added: Jun 30
Changed: Sep 2
Last Checked: Sep 10 at 5:06AM
MLS# 5097441
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 two-unit residential property at 73-75 N Champlain Street contains 1,920 square feet on a 0.08-acre lot. Built in 1899 with wood-frame construction, the duplex includes spacious living areas, bedrooms, bathrooms, basement space, hardwood and carpet flooring, and period details. Covered and enclosed porches add to the building’s physical character, while heating is provided through natural gas, forced air, and a space heater. Public water serves the property, and the roof is membrane construction.
Each unit has its own driveway, providing off-street parking in the Burlington setting. The property is in the Old North End, with downtown Burlington, the waterfront, UVM, Champlain College, restaurants, shopping, and public transportation described as minutes away. Residential zoning supports the property’s existing duplex configuration.
Each unit has its own driveway, providing off-street parking in the Burlington setting. The property is in the Old North End, with downtown Burlington, the waterfront, UVM, Champlain College, restaurants, shopping, and public transportation described as minutes away. Residential zoning supports the property’s existing duplex configuration.
Key Highlights
- Duplex at 73‑75 N Champlain Street, Burlington, VT 05401
- 1,920 square feet on a 0.08‑acre lot
- Built in 1899 with wood‑frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,206
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,120
$424.1K
Cap Rate 7%
$302,943
$302.9K
Cap Rate 9%
$235,622
$235.6K
Market Conditions
NOI Build-Up for 1,920 SF
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.
Gross rent
$30.6K $15.96/SF
− Vacancy
−$349 −$0.18/SF
EGI
$30.3K $15.78/SF
− OpEx
−$9.1K −$4.73/SF
NOI
$21.2K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,120
Cap Rate 7%
$302,943
Cap Rate 9%
$235,622
Alternative Uses
Best Use
Multifamily LT 5
$302.9K
$265.1K – $353.4K
NOI $21,206 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$268.3K
$234.8K – $313.0K
NOI $18,780 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$526.6K
$460.8K – $614.4K
NOI $36,864 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,813
Businesses Nearby
Explore this area
Business Placement
Demographics for 05401, VT
32,059
Population
13,898
Households
2.3
Avg Household Size
28
Median Age
63%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
5,256
Density / Sq Mi
$60,532
Median Household Income
$23,422
Median Earnings
$1,614
Median Rent
$463,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit residential property with porches, hardwood floors, and separate driveways for off-street parking.
Where is this duplex located?
The property is located at 73-75 N Champlain Street Burlington, VT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Duplex at 73‑75 N Champlain Street, Burlington, VT 05401; 1,920 square feet on a 0.08‑acre lot; Built in 1899 with wood‑frame construction
