10-Unit Apartment
New
For Sale
$1,550,000
25-27 S Willard Street, Burlington, VT 05401
Multi-Family, Burlington, VT
Property Size8,078 SF
Lot Size0.16 Acres
Price / SF$191.88
Days on Market1
Property Features for 25-27 S Willard Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RH
Rooms
Basement
Lot features
City Lot
Standard status
Active
Size
8,078 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
29059
Utilities
Water source
Public
Building Details
Year built
1954
Floors in Building
2
Number of units
10
Building materials
Wood Frame
Roof type
Shingle
Architectural style
Other
Listing Agency:
Kell and Company
Listed By:
William Kell
(802) 881-0280
Added: Oct 19
Last Checked: Oct 19 at 6:06PM
MLS# 5114872
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.
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Investment Insights
Based on property information with market context.
At 25-27 S Willard Street, this Burlington apartment property contains 10 two-bedroom units, with approximately 750 square feet per apartment. The wood-frame building was constructed in 1954 and has a shingle roof and basement. The property totals 8,078 square feet on a 0.16-acre lot and is zoned RH. Eight of the 10 units have had tenants relocated, and the building requires substantial renovation.
Off-street parking accommodates 5–6 cars. The property is within walking distance of the University of Vermont, the Medical Center, Church Street, and the Lake Champlain waterfront.
Off-street parking accommodates 5–6 cars. The property is within walking distance of the University of Vermont, the Medical Center, Church Street, and the Lake Champlain waterfront.
Key Highlights
- 10 two‑bedroom apartments, approximately 750 square feet each
- 8,078‑square‑foot building on a 0.16‑acre lot
- Eight of 10 units have had tenants relocated
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,013
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,260
$1.6M
Cap Rate 7%
$1,128,757
$1.1M
Cap Rate 9%
$877,922
$877.9K
Market Conditions
NOI Build-Up for 8,078 SF
Gross rent
$145.4K $18.00/SF
− Vacancy
−$1.7K −$0.22/SF
EGI
$143.7K $17.78/SF
− OpEx
−$64.6K −$8.00/SF
NOI
$79.0K $9.78/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,580,260
Cap Rate 7%
$1,128,757
Cap Rate 9%
$877,922
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$987.7K – $1.32M
NOI $79,013 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.58M
NOI $155,098 @ 7.0% cap · market cap 10.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
3,671
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Wood-frame apartments in Burlington include off-street parking and an established 10-unit layout.
Where is this apartment building located?
The property is located at 25-27 S Willard Street Burlington, VT.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 10 two‑bedroom apartments, approximately 750 square feet each; 8,078‑square‑foot building on a 0.16‑acre lot; Eight of 10 units have had tenants relocated
