Triplex on Corner
1480 North Avenue Burlington, VT 05408
1480 North Avenue, Burlington, VT, 05408
$629,900
For Sale
$629,900
MULTI_FAMILY - Other - Burlington, VT
Property Size1,724 SF
Lot Size0.18 Acres
Price / SF$365.37
Days on Market53
Property Features for 1480 North Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- LD
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 4, Basement, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1
- Appliances
- Rented Water Heater
- Standard status
- Active
- Size
- 1,724 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 9680
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Hardwood
- Building materials
- Wood Frame, Clapboard Exterior, Vinyl Exterior
- Roof type
- Shingle
- Architectural style
- Other
Listing Agency
KW Vermont
(802) 654-8500
68 Randall St., South Burlington, VT
Listed by
Prabin Pokhrel
(802) 654-8500
Added: May 28 Checked: Jul 19 at 10:06 am
MLS# 5091358
Listing URL
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 triplex on a corner lot includes a mix of 1-bedroom and 2-bedroom apartments, with practical, roomy layouts and attractive hardwood flooring in many living spaces. The property provides generous outdoor space for tenant enjoyment, and it also offers separate utilities, which can simplify ongoing operations for an owner or operator. Off-street parking is available, along with a detached 2-car garage that adds storage and parking flexibility.
Located in Burlington’s New North End, the building is described as being close to everyday amenities, including local shopping centers, grocery stores, restaurants, schools, and public transportation. The remarks also note nearby access to Leddy Park, Burlington’s public beaches, walking and biking paths, and Lake Champlain recreation. Downtown Burlington, Church Street Marketplace, UVM Medical Center, and Colchester are indicated to be within easy reach.
Designed for owners seeking a residential income property, this configuration supports a tenant mix across 1- and 2-bedroom preferences while keeping utility management separate. The combination of outdoor space, off-street parking, and the detached garage can appeal to residents looking for day-to-day convenience in a city setting.
Located in Burlington’s New North End, the building is described as being close to everyday amenities, including local shopping centers, grocery stores, restaurants, schools, and public transportation. The remarks also note nearby access to Leddy Park, Burlington’s public beaches, walking and biking paths, and Lake Champlain recreation. Downtown Burlington, Church Street Marketplace, UVM Medical Center, and Colchester are indicated to be within easy reach.
Designed for owners seeking a residential income property, this configuration supports a tenant mix across 1- and 2-bedroom preferences while keeping utility management separate. The combination of outdoor space, off-street parking, and the detached garage can appeal to residents looking for day-to-day convenience in a city setting.
Key Highlights
- Triplex built in 1930 with wood frame construction and clapboard/vinyl exterior
- Hardwood flooring throughout many living spaces
- Natural gas heating and public water service
Local Financial Insights For Multifamily LT 5
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 | $27.5k | $15.96 |
| − Vacancy | −$314 | −$0.18 |
| EGI | $27.2k | $15.78 |
| − OpEx | −$8.2k | −$4.73 |
| NOI | $19.0k | $11.04 |
1,724 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$272.0K
$238.0K – $317.4K
NOI $19,041 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$240.9K
$210.8K – $281.1K
NOI $16,863 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$472.9K
$413.8K – $551.7K
NOI $33,101 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-laid-out 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: Triplex built in 1930 with wood frame construction and clapboard/vinyl exterior; Hardwood flooring throughout many living spaces; Natural gas heating and public water service
