Four-Unit Property with
For Sale
$850,000
25 Lafayette Pl, Burlington, VT 05401
Updated kitchens, hardwood floors, powered garage space, and coin-operated laundry support flexible residential use.
Property Size2,696 SF
Price / SF$315.28
Days on Market50
Property Features for 25 Lafayette Pl
General Information
Standard status
Active
Size
2,696 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Units
Unit Mix
2 x 1BR, 1 x 2BR, 1 x studio
Multifamily Units
4
Amenities
on-site coin-operated laundry
Building Details
Year Built
1910
Listing Agency:
Coldwell Banker Hickok and Boardman
Listed By:
The Steve Audette Team
(802) 846-8800
Source:
Fhghomesnh
Added: Sep 7
Changed: Oct 26
Last Checked: Oct 7 at 2:45PM
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
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Investment Insights
Based on property information with market context.
This 1910 quadplex contains four apartments, including two one-bedroom units, one two-bedroom unit, and a studio. Interior features include hardwood flooring and updated kitchens, with bright interiors throughout. A four-car garage with power adds substantial auxiliary space, and on-site coin-operated laundry serves the residents.
The property sits on a dead-end street near downtown Burlington at 25 Lafayette Pl. Its four-unit configuration and varied apartment mix provide flexibility for owner occupancy or investment use, including student and non-student rentals.
The property sits on a dead-end street near downtown Burlington at 25 Lafayette Pl. Its four-unit configuration and varied apartment mix provide flexibility for owner occupancy or investment use, including student and non-student rentals.
Key Highlights
- Four‑unit layout with two 1‑bedroom apartments, one 2‑bedroom apartment, and 1 studio
- 2,696 property size
- Four‑car garage with power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,776
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$595,520
$595.5K
Cap Rate 7%
$425,371
$425.4K
Cap Rate 9%
$330,844
$330.8K
Market Conditions
NOI Build-Up for 2,696 SF
Gross rent
$43.0K $15.96/SF
− Vacancy
−$491 −$0.18/SF
EGI
$42.5K $15.78/SF
− OpEx
−$12.8K −$4.73/SF
NOI
$29.8K $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%
$595,520
Cap Rate 7%
$425,371
Cap Rate 9%
$330,844
Alternative Uses
Best Use
Multifamily LT 5
$425.4K
$372.2K – $496.3K
NOI $29,776 @ 7.0% cap · market cap 3.50%
Second Best
Apartment 5plus
$376.7K
$329.6K – $439.5K
NOI $26,370 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$739.5K
$647.0K – $862.7K
NOI $51,763 @ 7.0% cap · market cap 6.09%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,024
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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Updated kitchens, hardwood floors, powered garage space, and coin-operated laundry support flexible residential use.
Where is this quadplex located?
The property is located at 25 Lafayette Pl Burlington, VT.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Four‑unit layout with two 1‑bedroom apartments, one 2‑bedroom apartment, and 1 studio; 2,696 property size; Four‑car garage with power
