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    57-59 Lakeside Ave Burlington, VT 05401

    For Sale
    $1,200,000

    Triplex near Lake Champlain, renovated and ready for occupancy.

    Lot size:
    0.16 Acres

    Property Features for 57-59 Lakeside Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1899

    Source: Coldwell Banker Hickok and Boardman Agent Julie Lamoreaux

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Investment Property Opportunity

    This triplex presents an investment opportunity near Lake Champlain, the bike path, a farmers market, and dining in the South End. The property features two furnished units ready for occupancy and long-term tenants in the townhouse. Suited for owner-occupiers seeking lake living or investors, the property has been renovated and maintained. The units are easy to rent, with tenants showing interest in renewing. The property includes private back porches, a grassy lawn, and a garage for storage.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2201542
    Latitude
    44.4608073

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    FAQs

    What type of property is this?
    Triplex - Triplex near Lake Champlain, renovated and ready for occupancy.
    Where is this triplex located?
    The property is located at 57-59 Lakeside Ave Burlington, VT.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Turn-key investment property in close proximity to Lake Champlain.; - Triplex with two furnished units ready for occupancy.; - Long-term tenants already in place in the townhouse unit.
    (802) 863-1500
    Request Owner's contact information
    57-59 Lakeside Ave Burlington, VT 05401
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    Burlington, VT 05401
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    Realmo Value Estimation

    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.

    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.

    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
    57-59 Lakeside Ave Burlington, VT 05401
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