Two-Unit Duplex with Separate
For Sale
$489,000
Pending
162 North Street, Winooski, VT 05404
Updated systems and off-street parking support the two-unit residential layout.
Property Size1,512 SF
Days on Market127
Property Features for 162 North Street
General Information
Standard status
Pending
Size
1,512 SF
Property subtype
Multi Family
Zoning
Residential B
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,502
Amenities
Natural Gas, Electric, Forced Air, Gas Heater
Yes
2
Walk-up
Bulkhead, Concrete, Concrete Floor, Exterior Stairs, Sump Pump, Unfinished, Exterior Access, Basement Stairs
Metal
Wood Frame, Vinyl Siding
Building Details
Year Built
1943
Listing Agency:
Coldwell Banker Islands Realty
(802) 999-6969
Listed By:
Samantha Ratta
(802) 999-6969
Source:
Compass
Added: Apr 26
Changed: Aug 30
Last Checked: Aug 30 at 7:15AM
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 Coldwell Banker Islands Realty
Investment Insights
Based on property information with market context.
Built in 1943, this 1,512-square-foot duplex contains two distinct residences with separate utilities. The lower unit is occupied by the owner, while the upper unit has a tenant in place. Both units include hardwood flooring, abundant natural light, and practical living arrangements. Recent work includes replacement plumbing, refreshed bathrooms in both units, a newer metal roof, and an updated kitchen on the main level.
The property also provides off-street parking for each residence, a manageable yard, and an unfinished basement with concrete flooring, exterior access, a bulkhead, sump pump, and basement stairs. Wood-frame construction with vinyl siding complements the property's established character. Residential B zoning supports its multifamily configuration.
The property also provides off-street parking for each residence, a manageable yard, and an unfinished basement with concrete flooring, exterior access, a bulkhead, sump pump, and basement stairs. Wood-frame construction with vinyl siding complements the property's established character. Residential B zoning supports its multifamily configuration.
Key Highlights
- 1,512‑square‑foot duplex with two residential units
- Separate utilities serve each unit
- Lower unit is owner‑occupied; upper unit is tenant‑occupied
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
$16,699
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
3.41%
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%
$333,980
$334.0K
Cap Rate 7%
$238,557
$238.6K
Cap Rate 9%
$185,544
$185.5K
Market Conditions
NOI Build-Up for 1,512 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
$24.1K $15.96/SF
− Vacancy
−$275 −$0.18/SF
EGI
$23.9K $15.78/SF
− OpEx
−$7.2K −$4.73/SF
NOI
$16.7K $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%
$333,980
Cap Rate 7%
$238,557
Cap Rate 9%
$185,544
Alternative Uses
Best Use
Multifamily LT 5
$238.6K
$208.7K – $278.3K
NOI $16,699 @ 7.0% cap · market cap 3.41%
Second Best
Apartment 5plus
$211.3K
$184.9K – $246.5K
NOI $14,789 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$414.7K
$362.9K – $483.8K
NOI $29,030 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Explore this area
Business Placement
Demographics for 05404, VT
7,981
Population
3,952
Households
2
Avg Household Size
34
Median Age
56%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
5,701
Density / Sq Mi
$77,020
Median Household Income
$42,254
Median Earnings
$1,635
Median Rent
$350,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Updated systems and off-street parking support the two-unit residential layout.
Where is this duplex located?
The property is located at 162 North Street Winooski, VT.
What is the asking price?
The asking price for this property is $489,000.
What are key features of this property?
This property features: 1,512‑square‑foot duplex with two residential units; Separate utilities serve each unit; Lower unit is owner‑occupied; upper unit is tenant‑occupied
