Residential Income
46 48 North Avenue Burlington, VT 05401
New
For Sale
$309,000
Residential income property with direct views of the Lake Champlain coastline, offering flexible long- and short-term rental options.
Property Size2,476 SF
Price / SF$124.80
Days on Market7
Property Features for 46 48 North Avenue
General Information
- Standard status
- Active
- Size
- 2,476 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1899
Listing Agency:
Exp Realty
(802) 355-1239
Listed By:
Amy Limacher
(802) 355-1239
Source:
Threehillsres
Added: Jul 21
Changed: Jul 22
Last Checked: Jul 26 at 4:30PM
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 Exp Realty
Investment Insights
Based on property information with market context.
This residential income property at 46–48 North Avenue offers direct views of the Lake Champlain coastline. The property presents an opportunity for an owner occupant or investor, with rental flexibility described as long-term rentals with a seasonal option for September–May and short-term rentals for July–August.
Situated near Beansie’s bus, the property is positioned for tenants who want easy access to the area’s activities while taking advantage of the waterfront views.
With a total size of 2,476 square feet, the property is being offered for sale and is presented as a value-add opportunity that may benefit from some additional care and updating to maximize its rental appeal.
Situated near Beansie’s bus, the property is positioned for tenants who want easy access to the area’s activities while taking advantage of the waterfront views.
With a total size of 2,476 square feet, the property is being offered for sale and is presented as a value-add opportunity that may benefit from some additional care and updating to maximize its rental appeal.
Key Highlights
- Built in 1899
- Residential income property with direct views of the Lake Champlain coastline
- Flexible rental setup: long‑term rentals or seasonal rentals (September–May) plus short‑term (July–August)
Financial Insights For Apartment 5plus
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 | $44.6k | $18.00 |
| − Vacancy | −$535 | −$0.22 |
| EGI | $44.0k | $17.78 |
| − OpEx | −$19.8k | −$8.00 |
| NOI | $24.2k | $9.78 |
2,476 SF · lease $18.00/SF/yr · vacancy 1.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$346.0K
$302.7K – $403.6K
NOI $24,218 @ 7.0% cap · market cap 7.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$679.1K
$594.2K – $792.3K
NOI $47,539 @ 7.0% cap · market cap 15.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Short term rental ...
FAQs
What type of property is this?
Short term rental property - Residential income property with direct views of the Lake Champlain coastline, offering flexible long- and short-term rental options.
Where is this short term rental property located?
The property is located at 46 48 North Avenue Burlington, VT.
What is the asking price?
The asking price for this property is $309,000.
What are key features of this property?
This property features: Built in 1899; Residential income property with direct views of the Lake Champlain coastline; Flexible rental setup: long‑term rentals or seasonal rentals (September–May) plus short‑term (July–August)
