Duplex-Style Residential Income
10-12 Shelburne Street Burlington, VT 05401
For Sale
$439,000
MULTI_FAMILY - Other - Burlington, VT
Property Size2,008 SF
Lot Size0.06 Acres
Price / SF$218.63
Days on Market94
Property Features for 10-12 Shelburne Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2 - 2 Family
Bedrooms
3
Bathrooms
2
Rooms
Bedroom 3, Bedroom 2, Bathroom 2, Basement, Bathroom 1, Bedroom 1
Parking features
Offsite, Garage, On Street
Patio and Porch features
Deck, Patio, Porch
Exterior features
Balcony, Deck, Full Fence, Garden Space, Natural Shade, Patio, Covered Porch, Storage
Fencing
Fenced
Appliances
Natural Gas Water Heater
Standard status
Active
Size
2,008 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10552
Utilities
Utilities
Cable Available
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Concrete, Carpet, Combination, Laminate, Wood, Tile, Vinyl
Building materials
Wood Frame, Clapboard Exterior, Wood Exterior, Wood Siding
Roof type
Shingle
Architectural style
Other
Additional Structures
Storage
Listing Agency:
KW Vermont
(802) 654-8500
Listed By:
idENTITY real estate group
(802) 654-8500
Added: Apr 27
Changed: Jul 28
Last Checked: Jul 29 at 11:06PM
MLS# 5085532
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.
A legal 2-family home configured with flexibility for either single-family use or conversion back to a duplex. The property is described as having 2,008 square feet of finished living space above grade, with a layout that can support two distinct living areas. The first floor is described as having 2 bedrooms and 1 bathroom, while the second floor is described as a private 1-bedroom, 1-bathroom suite. A dedicated rear entrance is already in place to facilitate split occupancy. Outdoor features include an expansive front porch and a 3-season rear sunroom, along with a private, fenced backyard. Additional space includes a full basement that is partially finished, described as suitable for an office or gym. An attached 1-car garage is currently used as large storage, with the note that it can be converted back for vehicle use.
The property is located at 10-12 Shelburne Street in Burlington’s South End, with access to nearby local amenities along the Pine Street corridor. The remarks also cite proximity to the South End Arts District and City Market, along with access to the Burlington Bike Path and Oakledge Park.
For owner-occupants, this layout can support a live-in setup while maintaining the option to operate as a duplex through the existing separation and rear entrance. For investors, the combination of legal duplex zoning and an already workable split configuration may appeal to buyers looking for residential income potential in the South End.
The property is located at 10-12 Shelburne Street in Burlington’s South End, with access to nearby local amenities along the Pine Street corridor. The remarks also cite proximity to the South End Arts District and City Market, along with access to the Burlington Bike Path and Oakledge Park.
For owner-occupants, this layout can support a live-in setup while maintaining the option to operate as a duplex through the existing separation and rear entrance. For investors, the combination of legal duplex zoning and an already workable split configuration may appeal to buyers looking for residential income potential in the South End.
Key Highlights
- Legal duplex zoning with current 3‑bedroom, 2‑bath single‑family setup
- 2,008 sq ft finished living space above grade on a 0.06‑acre parcel (year built 1899)
- Flexible layout: first floor has 2 bedrooms and 1 bathroom; second floor has 1 bedroom and 1 bathroom
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 | $32.0k | $15.96 |
| − Vacancy | −$365 | −$0.18 |
| EGI | $31.7k | $15.78 |
| − OpEx | −$9.5k | −$4.73 |
| NOI | $22.2k | $11.04 |
2,008 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$316.8K
$277.2K – $369.6K
NOI $22,178 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$280.6K
$245.5K – $327.4K
NOI $19,641 @ 7.0% cap · market cap 4.47%
Theoretical Best
Office A
$550.8K
$481.9K – $642.6K
NOI $38,554 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Legal 2-family zoning with a rear entry and flexible interior layout for split occupancy or single-family living.
Where is this duplex located?
The property is located at 10-12 Shelburne Street Burlington, VT.
What is the asking price?
The asking price for this property is $439,000.
What are key features of this property?
This property features: Legal duplex zoning with current 3‑bedroom, 2‑bath single‑family setup; 2,008 sq ft finished living space above grade on a 0.06‑acre parcel (year built 1899); Flexible layout: first floor has 2 bedrooms and 1 bathroom; second floor has 1 bedroom and 1 bathroom
