Corner Lot Lake-View
44-46 Sherman Street Burlington, VT 05401
44-46 Sherman Street, Burlington, VT, 05401
$659,000
For Sale
$659,000
Multifamily on a corner lot with lake and mountain views, positioned near downtown amenities and UVM.
Property Size4,110 SF
Price / SF$160.34
Days on Market46
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 Agency
Kw Vermont
(802) 373-0759
Listed by
Louise Johnson
(802) 373-0759
Source
Threehillsres
Added: Jun 3 Checked: Jul 17 at 10:35 am
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
Investment Insights
Based on property information with market context.
This for-sale multifamily property at 44-46 Sherman Street is configured as a multi-unit investment on a corner lot. The building’s key feature is the reported unobstructed views of Lake Champlain along with the New York Adirondack Mountains. With approximately 4,110 square feet, the property is positioned to serve tenants who value walkable, amenity-rich surroundings.
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.
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.
Key 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
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 |
4,110 SF · lease $18.00/SF/yr · vacancy 1.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$574.3K
$502.5K – $670.0K
NOI $40,201 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$986.4K – $1.32M
NOI $78,912 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Multifamily properties
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FAQs
What type of property is this?
Multifamily property - Multifamily on a corner lot with lake and mountain views, positioned near downtown amenities and UVM.
Where is this multifamily property located?
The property is located at 44-46 Sherman Street Burlington, VT.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: 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
