6-Unit Apartment Property with
New
For Sale
$1,095,000
380-382 North Avenue, Burlington, VT 05401
Multi-Family, Burlington, VT
Property Size7,039 SF
Lot Size0.30 Acres
Price / SF$155.56
Days on Market4
Property Features for 380-382 North Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
RA
Bedrooms
12
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 4, Bathroom 3, Bathroom 2, Bathroom 1, Bedroom 11, Bedroom 5, Bathroom 5, Basement, Bathroom 6, Bedroom 8, Bedroom 2, Bedroom 7, Bedroom 6, Bedroom 1, Bedroom 9, Bedroom 12, Bedroom 10, Bedroom 3, Bathroom 4
Parking features
Driveway, Assigned, Garage
Patio and Porch features
Deck, Porch
Exterior features
Deck, Natural Shade, Covered Porch
Appliances
Natural Gas Water Heater, Rented Water Heater
Lot features
City Lot, Sidewalks, Street Lights, In Town, Near Public Transport, Near School(s)
Elementary school
Choice
High school
Burlington High School
Elementary school district
Burlington School District
Middle school district
Burlington School District
High school district
Burlington School District
Directions
Battery Street to North Avenue
Standard status
Active
Size
7,039 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Annual Amount
20772
Utilities
Heating system
Other (Heating), Natural Gas
Water source
Public
Amenities
garage/storage space
coin-operated laundry
Building Details
Year built
1899
Floors in Building
2
Number of units
6
Flooring type
Laminate, Vinyl
Building materials
Wood Frame, Vinyl Siding
Roof type
Shingle
Architectural style
Other
Listing Agency:
BHHS Vermont Realty Group/S Burlington · Berkshire Hathaway HomeServices
(802) 658-5555
Listed By:
Robbi Handy Holmes
(802) 881-8193
Added: Oct 5
Last Checked: Oct 8 at 3:06AM
MLS# 5112910
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.
Investment Insights
Based on property information with market context.
The 7,039-square-foot apartment property contains six units and 12 bedrooms, with a detached cottage unit, garage and storage space, and coin-operated laundry. Improvements have been made to the units over time. The property was built in 1899 and occupies 0.3 acres; zoning is RA.
Located on North Avenue in Burlington, the property offers access to shopping, dining, schools, parks, Lake Champlain, and downtown. On-site parking includes 14 spaces, with driveway, assigned, and garage parking features.
Located on North Avenue in Burlington, the property offers access to shopping, dining, schools, parks, Lake Champlain, and downtown. On-site parking includes 14 spaces, with driveway, assigned, and garage parking features.
Key Highlights
- Six apartment units with 12 bedrooms and a detached cottage unit
- 7,039 square feet on a 0.3‑acre lot; zoned RA
- 14 parking spaces, plus garage and storage space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,850
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,377,000
$1.4M
Cap Rate 7%
$983,571
$983.6K
Cap Rate 9%
$765,000
$765.0K
Market Conditions
NOI Build-Up for 7,039 SF
Gross rent
$126.7K $18.00/SF
− Vacancy
−$1.5K −$0.22/SF
EGI
$125.2K $17.78/SF
− OpEx
−$56.3K −$8.00/SF
NOI
$68.8K $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%
$1,377,000
Cap Rate 7%
$983,571
Cap Rate 9%
$765,000
Alternative Uses
Best Use
Apartment 5plus
$983.6K
$860.6K – $1.15M
NOI $68,850 @ 7.0% cap · market cap 6.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,149 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
6
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
253
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
Check the figures for this property
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?
Apartment building - Assigned parking, garage and storage space, and coin-operated laundry serve the apartment property.
Where is this apartment building located?
The property is located at 380-382 North Avenue Burlington, VT.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Six apartment units with 12 bedrooms and a detached cottage unit; 7,039 square feet on a 0.3‑acre lot; zoned RA; 14 parking spaces, plus garage and storage space
