Triplex with Detached Two-Car
1480 North Avenue Burlington, VT 05408
1480 North Avenue, Burlington, VT, 05408
$629,900
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.
Property Size2,518 SF
Price / SF$250.16
Days on Market48
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
Listing Agency
Kw Vermont
(802) 363-0315
Listed by
Prabin Pokhrel
(802) 363-0315
Source
Threehillsres
Added: Jun 3 Updated: Jul 10 at 1:49 pm Checked: Jul 20 at 4:27 am
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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 | $40.2k | $15.96 |
| − Vacancy | −$458 | −$0.18 |
| EGI | $39.7k | $15.78 |
| − OpEx | −$11.9k | −$4.73 |
| NOI | $27.8k | $11.04 |
2,518 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$397.3K
$347.6K – $463.5K
NOI $27,810 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$351.8K
$307.9K – $410.5K
NOI $24,629 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$690.7K
$604.3K – $805.8K
NOI $48,346 @ 7.0% cap · market cap 7.68%
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 - 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
