46 48 North Avenue Burlington, VT 05401
MULTI_FAMILY - Other - Burlington, VT
Property Features for 46 48 North Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Residential
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 4, Bedroom 3, Bedroom 2, Basement, Bathroom 1, Bedroom 1
- Patio and Porch features
- Porch
- Exterior features
- Full Fence, Covered Porch, Enclosed Porch
- Fencing
- Fenced
- Standard status
- Active
- Size
- 1,640 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 8259
Utilities
- Utilities
- Phone Available
- Heating system
- Other (Heating), Natural Gas
- Water source
- Public
Building Details
- Year built
- 1899
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Hardwood, Laminate, Carpet
- Building materials
- Wood Frame, Metal Siding
- Roof type
- Slate
- Architectural style
- Other
Listing agent Amy Limacher (802) 868-6367
Listing office EXP Realty 50 Lakeside Ave., Swanton, VT (833) 388-2480
Listing date Jul 5, 2026
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 property is noted to have direct views to the Lake Champlain coastline, with proximity described as “steps from” Beansie’s bus and central access to community events. The property is zoned residential.
With two units, this configuration can support rental arrangements on multiple time horizons as described, including long-term tenancy or seasonal occupancy spanning September through May, with July through August used for short-term rental stays tied to the views.
Key Highlights
- Enclosed porch, covered porch, and a porch for outdoor living
- Slate roof with wood‑frame construction and metal siding
- Fenced with a full fence for added privacy and security
Local Financial Insights For Multifamily LT 5
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 | $26.2k | $15.96 |
| − Vacancy | −$298 | −$0.18 |
| EGI | $25.9k | $15.78 |
| − OpEx | −$7.8k | −$4.73 |
| NOI | $18.1k | $11.04 |
