Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Triplex with Detached Two-Car Garage Title is generated by Realmo AI

    1480 North Avenue, Burlington, VT 05408

    View on Map
    Claim this Listing
    New
    For Sale
    $629,900

    Corner-lot triplex with 1- and 2-bedroom units, separate utilities, and off-street parking plus a detached 2-car garage.

    Type:Multi Family Home
    Property size:
    2,518 SF
    Price / SF:
    $250/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:58 am

    Property Features for 1480 North Avenue

    General Information

    Standard status
    Active
    Size
    2,518 SF
    Property subtype
    Multi Family Home

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Prabin Pokhrel

    Listing agent Prabin Pokhrel

    Listing office Kw Vermont

    Listing date Jun 3, 2026

    Source Threehillsres

    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 Kw Vermont

    HighLights

    • Corner‑lot triplex in Burlington’s New North End with a 1930 year built and mature tree‑lined setting
    • Unit mix includes 1‑bedroom and 2‑bedroom apartments
    • Separate utilities for added convenience and management flexibility
    • Ample off‑street parking plus a detached 2‑car garage
    • Close to amenities and public transportation, with nearby access to Leddy Park and Lake Champlain recreation

    Overview

    This triplex offers a straightforward residential income layout with a mix of 1-bedroom and 2-bedroom apartments. Many living spaces feature hardwood flooring, and the property includes generous outdoor space that gives tenants room to relax or entertain. Practical separation is built in with separate utilities, supporting easier expense management. Off-street parking is available, and there is also a detached 2-car garage for additional tenant or owner storage and parking.

    Located on a spacious corner lot in Burlington’s New North End, the property is close to everyday conveniences. Nearby are local shopping centers, grocery stores, restaurants, schools, and public transportation. The area also provides access to outdoor recreation, with Leddy Park, Burlington’s public beaches, and Lake Champlain walking and biking paths described as within reach.

    With a 1- and 2-bedroom unit mix, the building can fit tenants seeking different household sizes while keeping utility responsibility separated. The combination of outdoor space, off-street parking, and a detached garage adds day-to-day functionality for both residents and ownership use. Owner is a licensed Realtor.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2540185
    Latitude
    44.5140534

    Nearby Similar for Sale

    • $659,000
      2,976 SF

      Corner Lot Multi-Unit Residential Property

      Multi-unit residential property on a corner lot with lake views and zoning for medium-density housing in Burlington.
      44-46 Sherman Street, Burlington, VT 05401
      View Details
    • $1,800,000
      5,798 SF

      Seven-Unit Residential Income Property

      Multi-building residential income opportunity with six townhouse-style units and a separate single-family home near Ethan Allen Park.
      76 Ethan Allen Parkway, Burlington, VT 05408
      View Details
    • $1,150,000
      1,066 SF

      Updated 3-Unit Residential Income Property

      Three updated one-bedroom units with energy-efficient heating and covered porches, designed for comfortable, turnkey ownership.
      56 Wright Avenue, Burlington, VT 05401
      View Details
    • $649,900
      1,928 SF

      Two-Unit Duplex with Screened Porches

      Well-maintained two-unit duplex offering 2-bedroom layouts, dedicated garage bays, and screened porches.
      579 S Willard Street, Burlington, VT 05401
      View Details
    • $749,900
      2,450 SF

      Fully Leased Four-Unit Multifamily

      Four-unit income property with off-street parking and month-to-month leased tenants in Burlington’s Old North End.
      64 Hyde Street, Burlington, VT 05401
      View Details
    • $629,900
      1,724 SF

      Triplex on Corner Lot

      Well-laid-out triplex with 1- and 2-bedroom units, separate utilities, and off-street parking plus a detached 2-car garage.
      1480 North Avenue, Burlington, VT 05408
      View Details
    • $899,000
      2,352 SF

      Lakeside Duplex with Two-Car Garage

      Well-maintained two-unit duplex with eat-in kitchens, mini-split HVAC, and a detached two-car garage on a generous lot.
      86-88 Central Avenue, Burlington, VT 05401
      View Details
    • $6,950,000
      16,481 SF

      Fully Renovated Multifamily Portfolio

      Turnkey two-building Burlington downtown-center portfolio with unit-by-unit renovations and separately metered electric.
      252-260 College Street, Burlington, VT 05401
      View Details
    • $799,000
      1,902 SF

      Four-Unit Residential Investment

      Turnkey four-unit building with updated kitchens, refreshed bathrooms, and classic interior details designed for low-maintenance ownership.
      25 Intervale Avenue, Burlington, VT 05401
      View Details
    • $749,000
      2,849 SF

      Residential Income Triplex

      A sprinklered triplex with off-street parking and a detached single-car garage, suited for steady residential income.
      61 South Union Street, Burlington, VT 05401
      View Details
    • $439,000
      2,008 SF

      Duplex-Style Residential Income Property

      Legal 2-family zoning with a rear entry and flexible interior layout for split occupancy or single-family living.
      10-12 Shelburne Street, Burlington, VT 05401
      View Details
    • $489,000
      2,914 SF

      Four-Unit Residential Income Property

      Four separate rental units in downtown Burlington, offering a maintenance and update-driven project for owner-users or investors.
      27-29 Lafountain Street, Burlington, VT 05401
      View Details

    FAQs

    What type of property is this?
    Triplex - Corner-lot triplex with 1- and 2-bedroom units, separate utilities, and off-street parking plus a detached 2-car garage.
    Where is this triplex located?
    The property is located at 1480 North Avenue Burlington, VT.
    What is the asking price?
    The asking price for this property is $629,900.
    What are key features of this property?
    This property features: Corner‑lot triplex in Burlington’s New North End with a 1930 year built and mature tree‑lined setting; Unit mix includes 1‑bedroom and 2‑bedroom apartments; Separate utilities for added convenience and management flexibility
    (802) 363-0315
    We can help!
    Listing Contact
    Prabin Pokhrel
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1480 North Avenue, Burlington, VT 05408
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!