Lake-View
For Sale
$639,000
44-46 Sherman Street, Burlington, VT 05401
Multi-Family, Burlington, VT
Property Size2,976 SF
Lot Size0.12 Acres
Price / SF$214.72
Days on Market142
Property Features for 44-46 Sherman Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential- Medium Dens
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 2, Bathroom 2, Bathroom 4, Bedroom 1, Basement, Bathroom 1
Parking features
Off Street, Garage, Paved or Surfaced, Driveway
Patio and Porch features
Porch
Exterior features
Building, Covered Porch, Enclosed Porch, Window Screens, Double Pane Window(s)
Appliances
Gas Water Heater, Natural Gas Water Heater, Owned Water Heater
Lot features
City Lot, Corner, Landscaped, Level, Sidewalks, Street Lights, Near Paths, Near Shopping, Near Public Transport, Near Hospital, Near School(s)
High school
Burlington High School
Elementary school district
Burlington School District
Middle school district
Burlington School District
High school district
Burlington School District
Standard status
Active
Size
2,976 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12414
Utilities
Heating system
Other (Heating), Hot Water(Heating), Floor Furnace, Natural Gas
Water source
Public
Building Details
Year built
1899
Floors in Building
2
Number of units
4
Flooring type
Combination
Building materials
Wood Frame
Roof type
Slate
Architectural style
Other
Listing Agency:
KW Vermont · Keller Williams Realty
(802) 654-8500
Listed By:
Louise Johnson
(802) 373-0759
Added: May 29
Changed: Oct 16
Last Checked: Oct 17 at 5:06PM
MLS# 5091803
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.
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Investment Insights
Based on property information with market context.
This quadplex contains 2,976 square feet on a 0.12-acre corner lot at 44-46 Sherman Street. Built in 1899, the wood-frame property includes four bedrooms, four bathrooms, a basement, covered and enclosed porches, double-pane windows, and a slate roof. Heating is provided by natural gas hot water and floor furnace systems, with a gas water heater and public water service. Parking includes a garage, driveway, and paved off-street areas.
The property offers unobstructed views of Lake Champlain and the Adirondack Mountains. Sidewalks, public transportation, a recreational path, and waterfront events are located outside the property, with shopping, dining, the University of Vermont, and the UVM Medical Center nearby. Residential- Medium Dens zoning and long-term tenants complement its established rental history.
The property offers unobstructed views of Lake Champlain and the Adirondack Mountains. Sidewalks, public transportation, a recreational path, and waterfront events are located outside the property, with shopping, dining, the University of Vermont, and the UVM Medical Center nearby. Residential- Medium Dens zoning and long-term tenants complement its established rental history.
Key Highlights
- Unobstructed views of Lake Champlain and the Adirondack Mountains
- Quadplex with 2,976 square feet on a 0.12‑acre corner lot
- Four bedrooms, four bathrooms, and a basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,869
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$657,380
$657.4K
Cap Rate 7%
$469,557
$469.6K
Cap Rate 9%
$365,211
$365.2K
Market Conditions
NOI Build-Up for 2,976 SF
Gross rent
$47.5K $15.96/SF
− Vacancy
−$541 −$0.18/SF
EGI
$47.0K $15.78/SF
− OpEx
−$14.1K −$4.73/SF
NOI
$32.9K $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%
$657,380
Cap Rate 7%
$469,557
Cap Rate 9%
$365,211
Alternative Uses
Best Use
Multifamily LT 5
$469.6K
$410.9K – $547.8K
NOI $32,869 @ 7.0% cap · market cap 5.14%
Second Best
Apartment 5plus
$415.8K
$363.9K – $485.2K
NOI $29,109 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$816.3K
$714.2K – $952.3K
NOI $57,139 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
3,201
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?
Quadplex - Four-unit residential property with covered and enclosed porches, garage parking, and public water service.
Where is this quadplex located?
The property is located at 44-46 Sherman Street Burlington, VT.
What is the asking price?
The asking price for this property is $639,000.
What are key features of this property?
This property features: Unobstructed views of Lake Champlain and the Adirondack Mountains; Quadplex with 2,976 square feet on a 0.12‑acre corner lot; Four bedrooms, four bathrooms, and a basement
