Updated Triplex with Fenced
For Sale
$545,000
43 Murray Street, Burlington, VT 05401
Three one-bedroom apartments include a furnished unit with in-unit laundry and off-street parking.
Property Size1,401 SF
Price / SF$389.01
Days on Market51
Property Features for 43 Murray Street
General Information
Standard status
Active
Size
1,401 SF
Property subtype
Multi-Family
Zoning
R3
Units
Unit Mix
3 x 1BR
Multifamily Units
3
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,039
Amenities
fenced backyard
off-street parking
in-unit washer and dryer
Building Details
Year Built
1915
Buildings
1
Stories
1
Listing Agency:
Element Real Estate
(802) 476-6500
Listed By:
Ali Sater
(802) 734-1288
Source:
Churchillprop
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 24 at 2:18PM
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 Element Real Estate
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Investment Insights
Based on property information with market context.
Located at 43 Murray Street in Burlington’s Old North End, this 1,401-square-foot triplex contains three one-bedroom apartments. Two units feature renovated interiors, while Unit 2 is furnished and includes its own washer and dryer. Exterior improvements include new siding and a new roof, and the property also offers a fenced backyard and off-street parking.
The property is zoned R3 and sits within an established Burlington neighborhood near coffee shops, downtown dining, the waterfront, parks, local businesses, and year-round events. Its three-unit configuration provides distinct residential spaces within a single multifamily property, with a mix of updated and furnished accommodations.
The property is zoned R3 and sits within an established Burlington neighborhood near coffee shops, downtown dining, the waterfront, parks, local businesses, and year-round events. Its three-unit configuration provides distinct residential spaces within a single multifamily property, with a mix of updated and furnished accommodations.
Key Highlights
- Three one‑bedroom apartments in a triplex configuration
- 1,401‑square‑foot multifamily property built in 1915
- Two units renovated with updated finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,474
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$309,480
$309.5K
Cap Rate 7%
$221,057
$221.1K
Cap Rate 9%
$171,933
$171.9K
Market Conditions
NOI Build-Up for 1,401 SF
Gross rent
$22.4K $15.96/SF
− Vacancy
−$255 −$0.18/SF
EGI
$22.1K $15.78/SF
− OpEx
−$6.6K −$4.73/SF
NOI
$15.5K $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%
$309,480
Cap Rate 7%
$221,057
Cap Rate 9%
$171,933
Alternative Uses
Best Use
Multifamily LT 5
$221.1K
$193.4K – $257.9K
NOI $15,474 @ 7.0% cap · market cap 2.84%
Second Best
Apartment 5plus
$195.8K
$171.3K – $228.4K
NOI $13,703 @ 7.0% cap · market cap 2.51%
Theoretical Best
Office A
$384.3K
$336.2K – $448.3K
NOI $26,899 @ 7.0% cap · market cap 4.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
3
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,075
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
Frequently Asked Questions
What type of property is this?
Triplex - Three one-bedroom apartments include a furnished unit with in-unit laundry and off-street parking.
Where is this triplex located?
The property is located at 43 Murray Street Burlington, VT.
What is the asking price?
The asking price for this property is $545,000.
What are key features of this property?
This property features: Three one‑bedroom apartments in a triplex configuration; 1,401‑square‑foot multifamily property built in 1915; Two units renovated with updated finishes
