Turnkey Duplex with Private
For Sale
$650,000
Pending
158 - 160 Northside Dr, Shelburne, VT 05482
Two identical 2-bedroom, 2-bath units with appliances included, private decks, and separate utilities for straightforward tenant management.
Property Size1,768 SF
Lot Size0.67 Acres
Days on Market59
Property Features for 158 - 160 Northside Dr
General Information
Standard status
Pending
Size
1,768 SF
Lot size
0.67 Acres
Property subtype
Investment
Additional Details
Business Included
Yes
Multifamily Units
2
Building Details
Year Built
2013
Units
2
Tenancy
Multi
Listing Agency:
KW Vermont
(802) 782-3490
Listed By:
Cole Elwood
(802) 782-3490
Source:
Elliman
Added: Jul 2
Changed: Aug 8
Last Checked: Jul 23 at 9:44AM
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.
Built in 2013 by Huntington Homes, this turnkey duplex contains two identical townhouse-style units, each with 2 bedrooms and 2 bathrooms. Each unit is approximately 884 square feet and is offered with appliances included, including a washer, dryer, dishwasher, stove, and refrigerator, which helps simplify move-ins and leasing. The layout is supported by a private deck for each unit and a secured storage building on the property. Utilities are separated with electric, gas, and water meters, and the home uses natural gas heat along with public water and sewer. A paved driveway provides ample parking, and the overall site is well-suited to day-to-day operations.
Located in Shelburne, the property is described as being minutes from shopping, public transportation, and everyday amenities, while also feeling set apart with a stream running through the level portion of the lot and regular local wildlife activity. The lot is listed as 0.67 acres, and the community is described as low-maintenance. The bikeScore is 56, walkScore is 21, and transitScore is 26, indicating a more car-dependent pattern with some transit.
For an investor or owner-operator, the duplex is currently generating $48,900 in gross annual income, with tenants paying their own usage through separate meters. If you’re looking to expand, the identical sister property at 136-138 Northside Drive is also available for acquisition as a combined four-unit portfolio. An open house is scheduled for Sunday 6/28 from 12–2 pm.
Located in Shelburne, the property is described as being minutes from shopping, public transportation, and everyday amenities, while also feeling set apart with a stream running through the level portion of the lot and regular local wildlife activity. The lot is listed as 0.67 acres, and the community is described as low-maintenance. The bikeScore is 56, walkScore is 21, and transitScore is 26, indicating a more car-dependent pattern with some transit.
For an investor or owner-operator, the duplex is currently generating $48,900 in gross annual income, with tenants paying their own usage through separate meters. If you’re looking to expand, the identical sister property at 136-138 Northside Drive is also available for acquisition as a combined four-unit portfolio. An open house is scheduled for Sunday 6/28 from 12–2 pm.
Key Highlights
- Duplex built in 2013 by Huntington Homes with two identical 2‑bed, 2‑bath townhouse units, 884 SF each
- Appliances included in each unit: washer, dryer, dishwasher, stove, and refrigerator
- Each unit has a private deck and there is a secured storage building on site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,527
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,540
$390.5K
Cap Rate 7%
$278,957
$279.0K
Cap Rate 9%
$216,967
$217.0K
Market Conditions
NOI Build-Up for 1,768 SF
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.
Gross rent
$28.2K $15.96/SF
− Vacancy
−$322 −$0.18/SF
EGI
$27.9K $15.78/SF
− OpEx
−$8.4K −$4.73/SF
NOI
$19.5K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$390,540
Cap Rate 7%
$278,957
Cap Rate 9%
$216,967
Alternative Uses
Best Use
Multifamily LT 5
$279.0K
$244.1K – $325.5K
NOI $19,527 @ 7.0% cap · market cap 3.00%
Second Best
Apartment 5plus
$247.0K
$216.2K – $288.2K
NOI $17,293 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$484.9K
$424.3K – $565.8K
NOI $33,946 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 05482, VT
7,751
Population
3,596
Households
2.2
Avg Household Size
48
Median Age
69%
College-Educated
97%
High-School Grad
24.3 sq mi
ZIP Area
319
Density / Sq Mi
$115,019
Median Household Income
$71,660
Median Earnings
$1,244
Median Rent
$515,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two identical 2-bedroom, 2-bath units with appliances included, private decks, and separate utilities for straightforward tenant management.
Where is this duplex located?
The property is located at 158 - 160 Northside Dr Shelburne, 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: Duplex built in 2013 by Huntington Homes with two identical 2‑bed, 2‑bath townhouse units, 884 SF each; Appliances included in each unit: washer, dryer, dishwasher, stove, and refrigerator; Each unit has a private deck and there is a secured storage building on site
