Two-Home Multifamily
For Sale
$485,000
122-124 Woodbury Rd, Burlington, VT 05408
Two separate residences share a level, fenced lot with individual driveways.
Property Size2,889 SF
Price / SF$167.88
Days on Market55
Property Features for 122-124 Woodbury Rd
General Information
Standard status
Active
Size
2,889 SF
Property subtype
Multi-Family
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Year Built
1950
Buildings
2
Listing Agency:
BHHS Vermont Realty Group/S Burlington
Listed By:
Carrie Paquette
(802) 658-5555
Source:
Langelange
Added: Aug 13
Changed: Oct 2
Last Checked: Oct 5 at 10:42PM
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 BHHS Vermont Realty Group/S Burlington
Investment Insights
Based on property information with market context.
The property at 122-124 Woodbury Road includes two separate homes on one lot totaling 2,889 square feet. The primary Cape-style residence provides two bedrooms, a full bathroom, and laundry on the main level, with a recently permitted third bedroom in the basement. Fresh paint, updated flooring, an open kitchen and dining area, and finished attic storage add to the existing layout. The second residence has been stripped to the studs and is currently permitted for three bedrooms and one bathroom. Plans are available for a possible duplex conversion, subject to applicable approvals.
Both homes have individual driveways, and the property includes a level, fenced yard. The New North End setting is near schools, shopping, restaurants, parks, the Burlington Bike Path, and Lake Champlain recreation. The original home was built in 1950.
Both homes have individual driveways, and the property includes a level, fenced yard. The New North End setting is near schools, shopping, restaurants, parks, the Burlington Bike Path, and Lake Champlain recreation. The original home was built in 1950.
Key Highlights
- Two separate homes on one lot totaling 2,889 square feet
- Primary home includes 2 bedrooms, a full bath, and main‑level laundry
- Recently permitted 3rd bedroom in the primary home's basement
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
Yes
Paved road access
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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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two separate residences share a level, fenced lot with individual driveways.
Where is this multifamily property located?
The property is located at 122-124 Woodbury Rd 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 one lot totaling 2,889 square feet; Primary home includes 2 bedrooms, a full bath, and main‑level laundry; Recently permitted 3rd bedroom in the primary home's basement
