Two-Unit Duplex with Fenced
24 North Street Essex Junction, VT 05452
New
For Sale
$398,500
MULTI_FAMILY - Other - Essex Junction, VT
Property Size1,704 SF
Lot Size0.30 Acres
Price / SF$233.86
Days on Market2
Property Features for 24 North Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
residential
Bedrooms
3
Bathrooms
2
Rooms
Bathroom 1, Basement, Bedroom 2, Bathroom 2, Bedroom 1, Bedroom 3
Patio and Porch features
Porch, Deck
Exterior features
Deck, Full Fence, Partial Fence, Porch
Fencing
Fenced, Partial
Standard status
Active
Size
1,704 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7250
Utilities
Heating system
Other (Heating), Natural Gas, Forced Air
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Number of units
2
Flooring type
Softwood, Vinyl, Laminate
Building materials
Wood Frame
Roof type
Shingle, Membrane
Architectural style
Other
Listing Agency:
RE/MAX North Professionals
(802) 655-3333
Listed By:
Jason Lefebvre · License #81.0120682
(802) 655-3333
Added: Jul 28
Last Checked: Jul 29 at 10:06PM
MLS# 5102130
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This duplex includes a first-floor two-bedroom unit and a second-floor one-bedroom unit, with separate living space for each. The first unit is currently owner occupied and features a side porch. The second unit includes unfinished attic space for storage.
The property sits on a 0.30-acre lot with a spacious, fully fenced backyard and ample off-street parking for multiple vehicles. Public water and sewer and natural gas are available, supporting everyday practicality for both units.
From a configuration standpoint, the layout supports owner occupancy with rental income from the other unit, with the additional storage space in the attic of the second-floor unit.
The property sits on a 0.30-acre lot with a spacious, fully fenced backyard and ample off-street parking for multiple vehicles. Public water and sewer and natural gas are available, supporting everyday practicality for both units.
From a configuration standpoint, the layout supports owner occupancy with rental income from the other unit, with the additional storage space in the attic of the second-floor unit.
Key Highlights
- Duplex on a 0.30‑acre lot with a spacious, fully fenced backyard
- 1st‑floor unit: 2 bedrooms and approx. 984 SF with a side porch (currently owner occupied)
- 2nd‑floor unit: 1 bedroom and approx. 720 SF plus unfinished attic storage
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.2k | $15.96 |
| − Vacancy | −$310 | −$0.18 |
| EGI | $26.9k | $15.78 |
| − OpEx | −$8.1k | −$4.73 |
| NOI | $18.8k | $11.04 |
1,704 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$268.9K
$235.3K – $313.7K
NOI $18,820 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$238.1K
$208.3K – $277.8K
NOI $16,667 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$467.4K
$409.0K – $545.3K
NOI $32,717 @ 7.0% cap · market cap 8.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two separate units, off-street parking, and a fully fenced backyard on a residentially zoned lot.
Where is this duplex located?
The property is located at 24 North Street Essex Junction, VT.
What is the asking price?
The asking price for this property is $398,500.
What are key features of this property?
This property features: Duplex on a 0.30‑acre lot with a spacious, fully fenced backyard; 1st‑floor unit: 2 bedrooms and approx. 984 SF with a side porch (currently owner occupied); 2nd‑floor unit: 1 bedroom and approx. 720 SF plus unfinished attic storage
