Duplex-Style Residential Income
10-12 Shelburne Street, Burlington, VT 05401
MULTI_FAMILY - Other - Burlington, VT
Property size:
2,008 SFLot size:
0.06 AcresPrice / SF:
$218/SF- Added:
- Apr 27, 2026
- Days on Market:
- 46
- Last Refresh:
- Jun 11 at 9:06 pm
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 2, Basement, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking features
- On Street, Offsite, Garage
- Patio and Porch features
- Deck, Porch, Patio
- 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
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Vinyl, Wood, Combination, Carpet, Concrete, Tile, Laminate
- Building materials
- Wood Frame, Clapboard Exterior, Wood Exterior, Wood Siding
- Roof type
- Shingle
- Architectural style
- Other
- Additional Structures
- Storage
Listing agent idENTITY real estate group (802) 654-8500
Listing office KW Vermont 68 Randall St., South Burlington, VT (802) 654-8500
Listing date Apr 27, 2026
MLS# 5085532
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
- Legal duplex zoning; currently configured as a 3‑bedroom, 2‑bath single‑family home with flexibility to convert back to a duplex
- 2,008 sq ft of finished living space above grade on a 0.06‑acre parcel
- First floor layout includes 2 bedrooms and 1 bathroom; second floor includes a 1‑bedroom, 1‑bathroom suite
- Dedicated rear entrance already in place for split‑occupancy
- Outdoor features include covered porch, deck, patio, fenced yard, and garden space
- Heating is natural gas forced air; natural gas water heater and public water; cable available
Overview
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.
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 | $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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.207466
- Latitude
- 44.4649298
Nearby Similar for Sale
FAQs
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; currently configured as a 3‑bedroom, 2‑bath single‑family home with flexibility to convert back to a duplex; 2,008 sq ft of finished living space above grade on a 0.06‑acre parcel; First floor layout includes 2 bedrooms and 1 bathroom; second floor includes a 1‑bedroom, 1‑bathroom suite
