Burlington Multifamily Home with
For Sale
$650,000
132 Rivermount Terrace, Burlington, VT 05401
Well-maintained multifamily home with flexible layout and income potential.
Property Size2,380 SF
Price / SF$273.11
Days on Market162
Property Features for 132 Rivermount Terrace
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Multi-Family
Zoning
RL
Taxes and HOA fees
Annual Taxes
$13,222
Building Details
Year Built
1980
Stories
2
Listing Agency:
Coldwell Banker Hickok and Boardman
(802) 863-1500
Listed By:
Lipkin Audette Team
(802) 846-8800
Source:
Churchillprop
Added: May 9
Changed: Oct 15
Last Checked: Oct 16 at 6:11AM
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 Coldwell Banker Hickok and Boardman
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Investment Insights
Based on property information with market context.
Located on Rivermount Terrace, this multi-family home offers convenient access to Burlington High School, downtown, and the waterfront bike path. The property has been exceptionally maintained and updated, featuring turnkey units suitable for immediate occupancy or rental. Positioned above the surrounding area, it overlooks the Intervale, providing added separation and privacy. Expansive decks offer views and privacy for outdoor dining, relaxation, or entertaining. The flexible layout is suitable for live-in owners renting additional units, with options for Airbnb or long-term tenants. Recent zoning supports conversion to four units, creating additional upside for investors or owner-occupants looking to increase income potential. The location has a bike score of 99, indicating it is a biker's paradise, a walk score of 77, indicating it is very walkable, and a transit score of 45, indicating some transit options are available.
Key Highlights
- Turnkey units ready for immediate occupancy or rental.
- Potential to convert to four units based on recent zoning changes.
- Located in a desirable neighborhood with easy access to Burlington High School, downtown, and the waterfront bike path.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,279
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$465,580
$465.6K
Cap Rate 7%
$332,557
$332.6K
Cap Rate 9%
$258,656
$258.7K
Market Conditions
NOI Build-Up for 2,380 SF
Gross rent
$42.8K $18.00/SF
− Vacancy
−$514 −$0.22/SF
EGI
$42.3K $17.78/SF
− OpEx
−$19.0K −$8.00/SF
NOI
$23.3K $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%
$465,580
Cap Rate 7%
$332,557
Cap Rate 9%
$258,656
Alternative Uses
Best Use
Apartment 5plus
$332.6K
$291.0K – $388.0K
NOI $23,279 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$652.8K
$571.2K – $761.6K
NOI $45,696 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
232
Businesses Nearby
Explore this area
Business Placement
Demographics for 05401, VT
32,059
Population
13,898
Households
2.3
Avg Household Size
28
Median Age
63%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
5,256
Density / Sq Mi
$60,532
Median Household Income
$23,422
Median Earnings
$1,614
Median Rent
$463,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Well-maintained multifamily home with flexible layout and income potential.
Where is this multifamily property located?
The property is located at 132 Rivermount Terrace Burlington, VT.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Turnkey units ready for immediate occupancy or rental.; Potential to convert to four units based on recent zoning changes.; Located in a desirable neighborhood with easy access to Burlington High School, downtown, and the waterfront bike path.
