Rented Duplex with Attached
For Sale
$425,000
50 North Cove Road, Burlington, VT 05408
Two leased units include flexible bonus rooms, established occupancy, and convenient access to recreation and downtown Burlington.
Property Size2,052 SF
Price / SF$207.12
Days on Market99
Property Features for 50 North Cove Road
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Multi-family
Building Details
Year Built
1940
Listing Agency:
RE/MAX North Professionals
Listed By:
Darcy Handy · License #82.0134313
(802) 373-1251
Source:
Themarcelinoteam
Added: Jul 10
Changed: Oct 16
Last Checked: Oct 16 at 8:41AM
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 RE/MAX North Professionals
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,052-square-foot duplex, built in 1940, is configured for continued rental use with both units currently occupied. Unit A includes two bedrooms and one full bathroom. Unit B provides two bedrooms plus three bonus rooms, along with a living room, dining room, kitchen, mudroom, back deck, and attached two-car garage. The additional rooms offer adaptable space for offices, guests, hobbies, or storage.
Located at 50 North Cove Road in Burlington, the property provides access to the Burlington Bike Path, Winooski River, Lake Champlain, parks, shopping, dining, and downtown Burlington. The combination of existing occupancy, flexible interior space, and garage capacity gives the duplex a practical layout for a multifamily owner.
Located at 50 North Cove Road in Burlington, the property provides access to the Burlington Bike Path, Winooski River, Lake Champlain, parks, shopping, dining, and downtown Burlington. The combination of existing occupancy, flexible interior space, and garage capacity gives the duplex a practical layout for a multifamily owner.
Key Highlights
- 2,052‑square‑foot duplex built in 1940
- Both units are currently rented
- Unit A has 2 bedrooms and 1 full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,664
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,280
$453.3K
Cap Rate 7%
$323,771
$323.8K
Cap Rate 9%
$251,822
$251.8K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$32.7K $15.96/SF
− Vacancy
−$373 −$0.18/SF
EGI
$32.4K $15.78/SF
− OpEx
−$9.7K −$4.73/SF
NOI
$22.7K $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%
$453,280
Cap Rate 7%
$323,771
Cap Rate 9%
$251,822
Alternative Uses
Best Use
Multifamily LT 5
$323.8K
$283.3K – $377.7K
NOI $22,664 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$286.7K
$250.9K – $334.5K
NOI $20,071 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 05408, VT
10,425
Population
4,455
Households
2.3
Avg Household Size
44
Median Age
55%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$98,656
Median Household Income
$52,934
Median Earnings
$1,573
Median Rent
$369,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two leased units include flexible bonus rooms, established occupancy, and convenient access to recreation and downtown Burlington.
Where is this duplex located?
The property is located at 50 North Cove Road Burlington, VT.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2,052‑square‑foot duplex built in 1940; Both units are currently rented; Unit A has 2 bedrooms and 1 full bath
