Two-Home Multifamily
New
For Sale
$547,000
122-124 Woodbury Road, Burlington, VT 05408
MULTI_FAMILY - Ranch - Burlington, VT
Property Size2,889 SF
Lot Size0.28 Acres
Price / SF$189.34
Days on Market1
Property Features for 122-124 Woodbury Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Residence
Zoning
Residential
Bedrooms
6
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bedroom 2, Bathroom 1, Bedroom 1, Bedroom 6, Basement
Parking features
Off Street, Driveway
Exterior features
Full Fence, Partial Fence
Fencing
Fenced, Partial
Appliances
Water Heater
Lot features
Level, Sidewalks, Near Paths, Near Shopping, Neighborhood, Near Public Transport, Near School(s)
Middle school
Lyman C. Hunt 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
Directions
North Ave to Woodbury Rd, house on Right
Standard status
Active
Size
2,889 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12397
Utilities
Utilities
Cable Available
Heating system
Natural Gas, Baseboard
Water source
Public
Building Details
Year built
1950
Floors in Building
2
Number of units
2
Flooring type
Tile, Vinyl, Carpet
Building materials
Wood Frame, Vinyl Siding
Roof type
Metal
Architectural style
Ranch
Listing Agency:
BHHS Vermont Realty Group/S Burlington · Berkshire Hathaway HomeServices
(802) 658-5555
Listed By:
Carrie Paquette
(802) 658-5555
Added: Aug 11
Last Checked: Aug 11 at 5:06PM
MLS# 5104450
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 multifamily property includes two separate homes on a 0.28-acre lot, with 2,889 square feet of total property size. The main Cape-style residence provides one-level living with 2 bedrooms, a full bath, and laundry on the main floor, plus a recently permitted third bedroom in the basement. Fresh paint, updated flooring, an open kitchen and dining area, and finished attic storage add practical utility. The second home has been stripped to the studs and is currently permitted for 3 bedrooms and 1 bath. Plans are available for conversion to a duplex, subject to applicable approvals.
The property is located at 122-124 Woodbury Road in Burlington’s New North End, near schools, shopping, restaurants, parks, the Burlington Bike Path, and Lake Champlain recreation. Separate driveways, a fenced yard, public water, natural-gas baseboard heating, and a metal roof are included.
The property is located at 122-124 Woodbury Road in Burlington’s New North End, near schools, shopping, restaurants, parks, the Burlington Bike Path, and Lake Champlain recreation. Separate driveways, a fenced yard, public water, natural-gas baseboard heating, and a metal roof are included.
Key Highlights
- Two separate homes on a 0.28‑acre lot
- 2,889 square feet of total property size
- Main home includes 2 bedrooms, full bath, main‑floor laundry, and permitted third basement bedroom
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
$28,258
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
5.17%
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%
$565,160
$565.2K
Cap Rate 7%
$403,686
$403.7K
Cap Rate 9%
$313,978
$314.0K
Market Conditions
NOI Build-Up for 2,889 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
$52.0K $18.00/SF
− Vacancy
−$624 −$0.22/SF
EGI
$51.4K $17.78/SF
− OpEx
−$23.1K −$8.00/SF
NOI
$28.3K $9.78/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
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%
$565,160
Cap Rate 7%
$403,686
Cap Rate 9%
$313,978
Alternative Uses
Best Use
Apartment 5plus
$403.7K
$353.2K – $471.0K
NOI $28,258 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.4K
$693.4K – $924.5K
NOI $55,469 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Explore this area
Business Placement
Demographics for 05408, VT
10,425
Population
4,455
Households
2.3
Avg Household Size
44
Median Age
55%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$98,656
Median Household Income
$52,934
Median Earnings
$1,573
Median Rent
$369,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Level fenced parcel includes separate driveways and a second residence requiring renovation.
Where is this multifamily property located?
The property is located at 122-124 Woodbury Road Burlington, VT.
What is the asking price?
The asking price for this property is $547,000.
What are key features of this property?
This property features: Two separate homes on a 0.28‑acre lot; 2,889 square feet of total property size; Main home includes 2 bedrooms, full bath, main‑floor laundry, and permitted third basement bedroom
