Burlington Duplex Near Battery
For Sale
$660,000
Pending
30-32 North Champlain Street, Burlington, VT 05401
Ideally located duplex with development opportunity near downtown Burlington.
Property Size2,337 SF
Days on Market107
Property Features for 30-32 North Champlain Street
General Information
Standard status
Pending
Size
2,337 SF
Property subtype
Multi Family
Zoning
RH
Taxes and HOA fees
Annual Taxes
$9,794
Amenities
Natural Gas, Hot Air
Yes
2
3
Interior
Unfinished
Membrane, Slate
Wood Frame
Building Details
Year Built
1899
Listing Agency:
Coldwell Banker Hickok and Boardman
(802) 846-8800
Listed By:
Lipkin Audette Team
(802) 846-8800
Source:
Compass
Added: May 15
Changed: Aug 23
Last Checked: Aug 29 at 2:57PM
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.
Located at the corner of Monroe Street and North Champlain, the property at 30-32 North Champlain Street is situated one block from Battery Park and near the waterfront, bike path, and downtown Burlington. The property includes a fenced yard, providing privacy and green space for both units. Unit 1 features a flexible 4-bedroom layout with 2 bedrooms and 1 bathroom on each level, plus a 1/2 bath upstairs, and in-unit washer/dryer. Unit 2 offers a 2-bedroom layout with 1 bedroom and 1 bathroom on each level, also with in-unit washer/dryer. The property has a total size of 2337 square feet. This property is suitable for owner-occupants or investors seeking a well-located property in Burlington, Vermont.
Key Highlights
- Prime location: One block from Battery Park, near waterfront, bike path, and downtown Burlington.
- Rare, spacious, fenced yard offering privacy and green space in the city.
- Two units: Flexible 4‑bedroom and well‑designed 2‑bedroom layouts.
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
$25,811
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
3.91%
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%
$516,220
$516.2K
Cap Rate 7%
$368,729
$368.7K
Cap Rate 9%
$286,789
$286.8K
Market Conditions
NOI Build-Up for 2,337 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
$37.3K $15.96/SF
− Vacancy
−$425 −$0.18/SF
EGI
$36.9K $15.78/SF
− OpEx
−$11.1K −$4.73/SF
NOI
$25.8K $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%
$516,220
Cap Rate 7%
$368,729
Cap Rate 9%
$286,789
Alternative Uses
Best Use
Multifamily LT 5
$368.7K
$322.6K – $430.2K
NOI $25,811 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$326.6K
$285.7K – $381.0K
NOI $22,859 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$641.0K
$560.9K – $747.8K
NOI $44,870 @ 7.0% cap · market cap 6.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,409
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Ideally located duplex with development opportunity near downtown Burlington.
Where is this duplex located?
The property is located at 30-32 North Champlain Street Burlington, VT.
What is the asking price?
The asking price for this property is $660,000.
What are key features of this property?
This property features: Prime location: One block from Battery Park, near waterfront, bike path, and downtown Burlington.; Rare, **spacious, fenced yard offering privacy and green space in the city.**; Two units: Flexible 4‑bedroom and well‑designed 2‑bedroom layouts.
