Four-Unit Multifamily
For Sale
$2,000,000
21 Hyde St, Burlington, VT 05401
Well-maintained quadplex with updated interiors, porches and decks, and coin-operated laundry on a parking-rich lot.
Property SizeContact for details
Lot Size0.39 Acres
Days on Market51
Property Features for 21 Hyde St
General Information
Standard status
Active
Lot size
0.39 Acres
Property subtype
Investment
Financials
Cap Rate
8.1%
Business Included
Yes
Additional Details
Multifamily Units
4
Building Details
Year Built
1899
Tenancy
Multi
Listing Agency:
RE/MAX North Professionals
(802) 861-6248
Listed By:
Mikail Stein
(802) 861-6248
Source:
Elliman
Added: Jun 23
Changed: Jul 10
Last Checked: Aug 11 at 8:19AM
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 RE/MAX North Professionals
Investment Insights
Based on property information with market context.
This four-unit multifamily property offers 16 total bedrooms and a consistent rental setup supported by coin-operated washers and dryers. The building is described as well maintained, with several units featuring updates and desirable floorplans. Interiors include hardwood floors, and the exterior amenities include porches and decks. Recent improvements listed include siding, windows, appliances, interior remodeling, and roof work, along with newer mechanicals intended to reduce ongoing maintenance needs.
Situated on a 0.39-acre lot, the property provides ample parking space. The public remarks also describe its walk and bike friendliness, with BikeScore 99 (Biker’s Paradise), WalkScore 84 (Very Walkable), and TransitScore 43 (Some Transit). The location is described as approximately half a mile to Burlington’s Church Street and the same distance to UVM’s main campus, with UVM Medical not much further.
For buyers, this is a four-unit residential income asset with multiple updated components and coin-operated laundry in place, designed for straightforward day-to-day operation. The remarks cite a history of renting at $1,100 per bedroom and gross income over $213,000 annually, with an annual return roughly $162,000 and an 8.10% CAP rate based on the provided figures.
Situated on a 0.39-acre lot, the property provides ample parking space. The public remarks also describe its walk and bike friendliness, with BikeScore 99 (Biker’s Paradise), WalkScore 84 (Very Walkable), and TransitScore 43 (Some Transit). The location is described as approximately half a mile to Burlington’s Church Street and the same distance to UVM’s main campus, with UVM Medical not much further.
For buyers, this is a four-unit residential income asset with multiple updated components and coin-operated laundry in place, designed for straightforward day-to-day operation. The remarks cite a history of renting at $1,100 per bedroom and gross income over $213,000 annually, with an annual return roughly $162,000 and an 8.10% CAP rate based on the provided figures.
Key Highlights
- 1899‑built four‑unit property with 16 total bedrooms and coin‑operated washers and dryers
- Reported gross income over $213,000 annually, with a roughly $162,000 annual return and 8.10% CAP rate
- Several units updated, with hardwood floors and updated appliances
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained quadplex with updated interiors, porches and decks, and coin-operated laundry on a parking-rich lot.
Where is this quadplex located?
The property is located at 21 Hyde St Burlington, VT.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 1899‑built four‑unit property with 16 total bedrooms and coin‑operated washers and dryers; Reported gross income over $213,000 annually, with a roughly $162,000 annual return and 8.10% CAP rate; Several units updated, with hardwood floors and updated appliances
