Four-Unit Property with
New
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 Market4
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: Sep 8
Last Checked: Sep 9 at 10:36PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,776
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
4,024
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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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
