Two-Unit Duplex with Covered
18 Strong Street, Burlington, VT 05401
For Sale
$249,900
Both residences have two bedrooms, with renovation work needed throughout the property.
Property Size1,594 SF
Price / SF$156.78
Days on Market57
Property Features for 18 Strong Street
General Information
Standard status
Size
Property subtype
Zoning
Property Condition
Severity
Evidence
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Flex Realty
(802) 399-2860
Listed By:
Brian Libby
(802) 355-1008
Source:
Appleisland
Added: Sep 14
Changed: Nov 8
Last Checked: Nov 9 at 3:05PM
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 Flex Realty
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Investment Insights
Based on property information with market context.
This 1920 duplex contains two residences, each with two bedrooms and a covered porch. The 1,594-square-foot property requires significant updating and renovation. Its R1 zoning is also noted for the property.
At the corner of Strong Street and Drew Street, the building is within walking distance of Battery Park, the waterfront, downtown amenities, parks, beaches, restaurants, shopping, and recreation.
At the corner of Strong Street and Drew Street, the building is within walking distance of Battery Park, the waterfront, downtown amenities, parks, beaches, restaurants, shopping, and recreation.
Key Highlights
- Two units, each configured with two bedrooms
- Covered porch serving each unit
- 1,594 square feet; significant updating and renovation needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,605
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,100
$352.1K
Cap Rate 7%
$251,500
$251.5K
Cap Rate 9%
$195,611
$195.6K
Market Conditions
NOI Build-Up for 1,594 SF
Gross rent
$25.4K $15.96/SF
− Vacancy
−$290 −$0.18/SF
EGI
$25.2K $15.78/SF
− OpEx
−$7.5K −$4.73/SF
NOI
$17.6K $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%
$352,100
Cap Rate 7%
$251,500
Cap Rate 9%
$195,611
Alternative Uses
Best Use
Multifamily LT 5
$251.5K
$220.1K – $293.4K
NOI $17,605 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$222.7K
$194.9K – $259.9K
NOI $15,591 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$437.2K
$382.6K – $510.1K
NOI $30,605 @ 7.0% cap · market cap 12.25%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,195
Businesses Nearby
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Business Placement
Demographics for 05401, VT
32,059
Population
13,898
Households
2.3
Avg Household Size
28
Median Age
63%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
5,256
Density / Sq Mi
$60,532
Median Household Income
$23,422
Median Earnings
$1,614
Median Rent
$463,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Burlington, VT
Properties on Market for Duplexes in Burlington
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms, with renovation work needed throughout the property.
Where is this duplex located?
The property is located at 18 Strong Street Burlington, VT.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two units, each configured with two bedrooms; Covered porch serving each unit; 1,594 square feet; significant updating and renovation needed
