Six-Bedroom Legal
New
For Sale
$745,000
100 Buell St, Burlington, VT 05401
Three-story residential income property with dual kitchens, basement laundry, outdoor space, and off-street parking.
Property Size2,382 SF
Price / SF$312.76
Days on Market5
Property Features for 100 Buell St
General Information
Standard status
Active
Size
2,382 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$96,600
Highway Access
Yes
Multifamily Units
2
Amenities
two kitchens
generous storage
laundry in basement
off-street parking
patio
yard
Building Details
Year Built
1899
Stories
3
Tenancy
Single
Listing Agency:
Coldwell Banker Hickok and Boardman
Listed By:
The Steve Audette Team
(802) 846-8800
Source:
Megansellsnh
Added: Sep 6
Last Checked: Sep 9 at 9:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Hickok and Boardman
Investment Insights
Based on property information with market context.
Built in 1899, this legal duplex contains 2,382 square feet across three floors, with six bedrooms and two full bathrooms. The layout includes two kitchens, ample storage, basement laundry, off-street parking, and a patio with yard space. The property is currently occupied by college students as a single-family rental.
The home is located a short distance from the Church Street Marketplace, the University of Vermont, and UVM Medical Center. It also offers access to Burlington-area colleges, I-89, and the Lake Champlain waterfront. The combination of duplex status, bedroom count, and existing residential features supports continued use as a student-oriented income property.
The home is located a short distance from the Church Street Marketplace, the University of Vermont, and UVM Medical Center. It also offers access to Burlington-area colleges, I-89, and the Lake Champlain waterfront. The combination of duplex status, bedroom count, and existing residential features supports continued use as a student-oriented income property.
Key Highlights
- Legal duplex with 2,382 square feet across three floors
- Six bedrooms and two full bathrooms
- Two kitchens support the duplex configuration
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
$26,308
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
3.53%
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%
$526,160
$526.2K
Cap Rate 7%
$375,829
$375.8K
Cap Rate 9%
$292,311
$292.3K
Market Conditions
NOI Build-Up for 2,382 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
$38.0K $15.96/SF
− Vacancy
−$433 −$0.18/SF
EGI
$37.6K $15.78/SF
− OpEx
−$11.3K −$4.73/SF
NOI
$26.3K $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%
$526,160
Cap Rate 7%
$375,829
Cap Rate 9%
$292,311
Alternative Uses
Best Use
Multifamily LT 5
$375.8K
$328.9K – $438.5K
NOI $26,308 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$332.8K
$291.2K – $388.3K
NOI $23,299 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$653.3K
$571.7K – $762.2K
NOI $45,734 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,671
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 - Three-story residential income property with dual kitchens, basement laundry, outdoor space, and off-street parking.
Where is this duplex located?
The property is located at 100 Buell St Burlington, VT.
What is the asking price?
The asking price for this property is $745,000.
What are key features of this property?
This property features: Legal duplex with 2,382 square feet across three floors; Six bedrooms and two full bathrooms; Two kitchens support the duplex configuration
