44-46 Sherman Street, Burlington, VT 05401
Multifamily on a corner lot with lake and mountain views, positioned near downtown amenities and UVM.
- Added:
- Jun 3, 2026
- Days on Market:
- 9
- Last Refresh:
- Jun 5 at 2:42 am
Property Features for 44-46 Sherman Street
General Information
- Standard status
- Active
- Size
- 4,110 SF
- Property subtype
- Multi Family Home
Building Details
- Year Built
- 1899
Listing agent Louise Johnson (802) 373-0759
Listing office Kw Vermont (802) 373-0759
Listing date Jun 3, 2026
Source Threehillsres
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 Kw Vermont
HighLights
- 1899‑built multifamily property on a corner lot
- Multi‑unit investment property with unobstructed views of Lake Champlain and the New York Adirondack Mountains
- Location near downtown amenities, including shopping and dining
- Convenient access to the University of Vermont (UVM) and UVM Medical Center
- Public transportation, sidewalks, and a scenic recreational path nearby, with waterfront events outside the door
Overview
Located in Burlington, Vermont downtown, the offering is described as centrally placed for convenience. The area includes public transportation and sidewalks, with a scenic recreational path and waterfront events noted close to the property. In addition, the listing indicates easy access to shopping and diverse dining options, as well as the University of Vermont (UVM) and the UVM Medical Center.
From an investment standpoint, the seller’s remarks emphasize a rental history with long-term tenants. The combination of a corner-lot multifamily configuration and a location tied to major employment and education anchors may appeal to buyers looking for steady occupancy supported by an established tenant base. Investors who prioritize tenants’ day-to-day accessibility to downtown services and UVM-related demand may find the asset fits their portfolio strategy.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $74.0k | $18.00 |
| − Vacancy | −$888 | −$0.22 |
| EGI | $73.1k | $17.78 |
| − OpEx | −$32.9k | −$8.00 |
| NOI | $40.2k | $9.78 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.2194368
- Latitude
- 44.4822027
