Two-Home Duplex
For Sale
$485,000
122-124 Woodbury Road, Burlington, VT 05408
Multi-Family, Burlington, VT
Property Size2,889 SF
Lot Size0.28 Acres
Price / SF$167.88
Days on Market57
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 2, Bedroom 3, Bedroom 5, 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
Vinyl, Tile, 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) 373-1722
Added: Aug 11
Changed: Sep 27
Last Checked: Oct 6 at 4:06AM
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 residential duplex property includes two separate homes on a 0.28-acre lot totaling 2,889 square feet. The primary Cape-style residence provides two bedrooms, a full bathroom, main-level laundry, open kitchen and dining areas, updated flooring, fresh paint, and finished attic storage. A third basement bedroom was recently permitted.
The second residence has been taken down to the studs and is currently permitted as a 3-bedroom, 1-bath home. Architectural plans convey for converting that building into a duplex, with pre-approval from Burlington zoning noted in the property information. Each home has its own driveway, while the lot includes full and partial fencing. The property is near schools, shopping, restaurants, parks, the Burlington Bike Path, and Lake Champlain recreation.
The second residence has been taken down to the studs and is currently permitted as a 3-bedroom, 1-bath home. Architectural plans convey for converting that building into a duplex, with pre-approval from Burlington zoning noted in the property information. Each home has its own driveway, while the lot includes full and partial fencing. The property is near schools, shopping, restaurants, parks, the Burlington Bike Path, and Lake Champlain recreation.
Key Highlights
- Two separate homes on a 0.28‑acre level, fenced lot
- 2,889 square feet across the property
- Each residence has its own driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,258
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
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
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 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 5.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$792.4K
$693.4K – $924.5K
NOI $55,469 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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
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Frequently Asked Questions
What type of property is this?
Single family property - Two separate residences share a level, fenced lot and have individual driveways.
Where is this single family 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 $485,000.
What are key features of this property?
This property features: Two separate homes on a 0.28‑acre level, fenced lot; 2,889 square feet across the property; Each residence has its own driveway
