Triplex with Updated
214-216 Pine Street, Burlington, VT 05401
For Sale
$589,900
Three apartments offer separate utilities, off-street parking, and bike storage near downtown Burlington.
Property Size1,772 SF
Price / SF$332.90
Days on Market151
Property Features for 214-216 Pine Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
bike storage
Balcony
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Coldwell Banker Hickok And Boardman
(802) 863-1500
Listed By:
Lipkin Audette Team · License VT #0810004569
(802) 846-8800
Source:
Bigbearrevt
Added: Jun 12
Changed: Nov 8
Last Checked: Nov 9 at 5:59PM
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 Hickok And Boardman
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 214-216 Pine Street, this 1,772-square-foot triplex contains three apartments, each with two bedrooms and one bathroom. The building dates to 1899 and has Res-High Intensity zoning. Unit C is a rear townhouse-style apartment remodeled in Spring 2026 with a new kitchen, flooring, and paint; it is vacant. Units A and B are rented, and Unit B has also been updated. The property has separate utilities, one off-street parking space, and bike storage.
The property is a few blocks from downtown Burlington, Church Street Marketplace, the Lake Champlain waterfront, and the South End Arts District. Restaurants, shops, parks, and entertainment are also nearby. The projected cap rate, including projected rental income for Unit C, is 8.36%.
The property is a few blocks from downtown Burlington, Church Street Marketplace, the Lake Champlain waterfront, and the South End Arts District. Restaurants, shops, parks, and entertainment are also nearby. The projected cap rate, including projected rental income for Unit C, is 8.36%.
Key Highlights
- Three 2‑bedroom, 1‑bathroom apartments; 6 bedrooms and 3 bathrooms total
- 1,772‑square‑foot triplex built in 1899
- Unit C remodeled in Spring 2026 with a new kitchen, flooring, and paint; currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,571
Cap Rate
3.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,420
$391.4K
Cap Rate 7%
$279,586
$279.6K
Cap Rate 9%
$217,456
$217.5K
Market Conditions
NOI Build-Up for 1,772 SF
Gross rent
$28.3K $15.96/SF
− Vacancy
−$322 −$0.18/SF
EGI
$28.0K $15.78/SF
− OpEx
−$8.4K −$4.73/SF
NOI
$19.6K $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%
$391,420
Cap Rate 7%
$279,586
Cap Rate 9%
$217,456
Alternative Uses
Best Use
Multifamily LT 5
$279.6K
$244.6K – $326.2K
NOI $19,571 @ 7.0% cap · market cap 3.32%
Second Best
Apartment 5plus
$247.6K
$216.7K – $288.9K
NOI $17,332 @ 7.0% cap · market cap 2.94%
Theoretical Best
Office A
$486.0K
$425.3K – $567.0K
NOI $34,022 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3,509
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
Frequently Asked Questions
What type of property is this?
Triplex - Three apartments offer separate utilities, off-street parking, and bike storage near downtown Burlington.
Where is this triplex located?
The property is located at 214-216 Pine Street Burlington, VT.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bathroom apartments; 6 bedrooms and 3 bathrooms total; 1,772‑square‑foot triplex built in 1899; Unit C remodeled in Spring 2026 with a new kitchen, flooring, and paint; currently vacant
