Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Burlington Duplex For Sale Title is generated by Realmo AI

    244 North Champlain Street, Burlington, VT 05401

    View on Map
    Claim this Listing
    For Sale
    $275,000

    Classic duplex near downtown Burlington with modern updates and vacant units.

    Type:Sale / Residential / Building / DUPLEX / 2 / 2
    Property size:
    2,200 SF
    Price / SF:
    $125/SF
    Added:
    Jun 5, 2025
    Days on Market:
    361
    Last Refresh:
    May 13 at 10:14 pm

    Property Features for 244 North Champlain Street

    General Information

    Standard status
    Active
    Size
    2,200 SF
    Property subtype
    Sale / Residential / Building / DUPLEX / 2 / 2

    Building Details

    Year Built
    1899

    We can help!

    Listing Contact
    Chris Kelly

    Listing agent Chris Kelly

    Listing office EXP Realty

    Listing date Jun 5, 2025

    Source Compass

    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 EXP Realty

    HighLights

    • Prime location within walking distance of Church Street Marketplace, Lake Champlain, local parks, restaurants, and shops in downtown Burlington.
    • Completely renovated top to bottom, including new windows, flooring, boiler, electric panels, roof, cabinets, quartz countertops, vanities, fixtures, fans, appliances, and siding.
    • Ideal for investment: potential to live in one unit and rent the other, or rent both units for a headache‑free rental property.
    • Historic property with timeless character combined with modern updates.
    • Two units: a 3‑bedroom, 1‑bathroom unit downstairs and a 2‑bedroom, 1‑bathroom unit upstairs.
    • Easy access to UVM, Champlain College, and major transportation routes.

    Overview

    Located in a desirable Burlington neighborhood, 244 North Champlain Street is a historic property that blends classic character with modern updates. The property is conveniently located near downtown Burlington, Church Street Marketplace, Lake Champlain, local parks, restaurants, and shops. It also offers convenient access to UVM, Champlain College, and major transportation routes. The property has undergone a renovation, including new windows, flooring, boiler, electric panels, roof, cabinets, quartz countertops, vanities, fixtures, fans, appliances, and siding. The property offers the option of living in one unit and renting the other, or renting both units. Both units are currently vacant. The downstairs unit features a 3-bedroom, 1-bathroom layout with a large kitchen. The upstairs unit is a 2-bedroom, 1-bathroom apartment. The property size is 2200 square feet.

    Local 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 $35.1k $15.96
    − Vacancy −$400 −$0.18
    EGI $34.7k $15.78
    − OpEx −$10.4k −$4.73
    NOI $24.3k $11.04
    2,200 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $347.1K
    $303.7K – $405.0K (±1% cap)
    NOI $24,298 @ 7.0% cap · market cap 8.84%
    Second Best
    Apartment 5plus
    $307.4K
    $269.0K – $358.7K (±1% cap)
    NOI $21,519 @ 7.0% cap · market cap 7.83%
    Theoretical Best
    Office A
    $603.4K
    $528.0K – $704.0K (±1% cap)
    NOI $42,240 @ 7.0% cap · market cap 15.36%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2176509
    Latitude
    44.4874556

    Nearby Similar for Sale

    • $989,900

      Unique Burlington Commercial/Residential Opportunity

      One-of-a-kind property with flexibility as residence or office space.
      308 College Street, Burlington, VT 05401
      View Details
    • $1,800,000
      5,798 SF

      Burlington Multi-Family Investment Opportunity

      Seven-unit property near Ethan Allen Park with income potential.
      76 Ethan Allen Parkway, Burlington, VT 05408
      View Details
    • $649,900
      1,928 SF

      South End Burlington Duplex

      Well-maintained duplex in desirable Burlington location with lake views.
      579 South Willard Street, Burlington, VT 05401
      View Details
    • $489,000
      1,449 SF

      Well-Maintained Duplex in Old North End

      Duplex in Burlington's Old North End with recent upgrades.
      42-44 Oak Street, Burlington, VT 05401
      View Details
    • $439,000
      2,008 SF

      South End Duplex Opportunity

      Versatile property in Burlington's South End with duplex zoning.
      10-12 Shelburne Street, Burlington, VT 05401
      View Details
    • $899,000
      2,352 SF

      Burlington Lakeside Duplex Opportunity

      Well-maintained duplex in Burlington's Lakeside neighborhood, near Lake Champlain.
      86-88 Central Avenue, Burlington, VT 05401
      View Details
    • $489,000
      2,914 SF

      Downtown Burlington Four-Unit Multifamily Property

      Four-unit multifamily property in downtown Burlington with value-add potential.
      27-29 Lafountain Street, Burlington, VT 05401
      View Details
    • $799,000
      1,902 SF

      Turnkey Burlington Multi-Family Investment

      Four-unit property in Burlington's Old North End with strong cashflow.
      25 Intervale Avenue, Burlington, VT 05401
      View Details
    • $6,950,000
      16,481 SF

      Renovated Multi-Family Portfolio, Burlington

      Income-producing multi-building portfolio in Burlington's desirable Downtown Center.
      252-260 College Street, Burlington, VT 05401
      View Details
    • $1,500,000
      1,066 SF

      Updated Multi-Family with Lake Views

      Updated 3-unit property in Burlington's South End with lake views.
      56 Wright Avenue, Burlington, VT 05401
      View Details
    • $749,000
      2,849 SF

      Burlington Multi-Family Near UVM

      Multi-family property in excellent location between UVM and downtown.
      61 South Union Street, Burlington, VT 05401
      View Details
    • $1,800,000

      Burlington Investment Property Near Park

      Seven-unit property near Ethan Allen Park with income potential.
      76 Ethan Allen Parkway, Burlington, VT 05408
      View Details

    FAQs

    What type of property is this?
    Duplex - Classic duplex near downtown Burlington with modern updates and vacant units.
    Where is this duplex located?
    The property is located at 244 North Champlain Street Burlington, VT.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Prime location within walking distance of Church Street Marketplace, Lake Champlain, local parks, restaurants, and shops in downtown Burlington.; **Completely renovated top to bottom**, including new windows, flooring, boiler, electric panels, roof, cabinets, quartz countertops, vanities, fixtures, fans, appliances, and siding.; Ideal for investment: potential to live in one unit and rent the other, or rent both units for a headache‑free rental property.
    (802) 310-8990
    We can help!
    Listing Contact
    Chris Kelly
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    244 North Champlain Street, Burlington, VT 05401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!