Building Details

Year Built 2013

Units 2

Tenancy Multi

Listing Agency: KW Vermont

Listed By: Cole Elwood Show Phone

Source: Elliman

Added: Jul 2 Changed: Oct 13 Last Checked: Oct 12 at 7:46PM

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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.

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 / Yr

$19,527

Cap Rate

3.00%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $19,527 @ 7.0% cap · market cap 3.00%

Second Best

Apartment 5plus

$247.0K

$216.2K – $288.2K (±1% cap)

NOI $17,293 @ 7.0% cap · market cap 2.66%

Theoretical Best

Office A

$484.9K

$424.3K – $565.8K (±1% cap)

NOI $33,946 @ 7.0% cap · market cap 5.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Restaurant Pharmacy Building Supply Electrical Service Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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