5-Unit Brick Apartment
New
For Sale
$725,000
52 North Union Street, Burlington, VT 05401
Updated apartments span studio, one-bedroom, and two-bedroom layouts, with off-street parking for residents.
Property Size2,785 SF
Price / SF$260.32
Days on Market5
Property Features for 52 North Union Street
General Information
Standard status
Active
Size
2,785 SF
Property subtype
Multi Family Home
Zoning
R2
Additional Details
Multifamily Units
5
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$14,562
Amenities
Covered Porch
Building Details
Building Size
2,785 SF
Year Built
1850
Stories
2
Units
5
Construction
brick
Listing Agency:
Coldwell Banker Hickok And Boardman
(802) 863-1500
Listed By:
Lipkin Audette Team
(802) 846-8800
Source:
Hayesrealestate
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 23 at 8:11PM
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 Coldwell Banker Hickok And Boardman
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Investment Insights
Based on property information with market context.
This 5-unit brick apartment property contains a mix of studio, one-bedroom, and two-bedroom residences. Interiors have been updated, and off-street parking is available. The building dates to 1850 and contains 2,785 square feet. Tenants pay their own heat and electricity, and the property is zoned R2.
The address is 52 North Union Street in Burlington, with access to UVM, downtown, shopping, and dining in the surrounding area.
The address is 52 North Union Street in Burlington, with access to UVM, downtown, shopping, and dining in the surrounding area.
Key Highlights
- Five‑unit brick apartment property
- Studio, one‑bedroom, and two‑bedroom apartment mix
- 2,785 square feet; built in 1850
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,241
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,820
$544.8K
Cap Rate 7%
$389,157
$389.2K
Cap Rate 9%
$302,678
$302.7K
Market Conditions
NOI Build-Up for 2,785 SF
Gross rent
$50.1K $18.00/SF
− Vacancy
−$602 −$0.22/SF
EGI
$49.5K $17.78/SF
− OpEx
−$22.3K −$8.00/SF
NOI
$27.2K $9.78/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$544,820
Cap Rate 7%
$389,157
Cap Rate 9%
$302,678
Alternative Uses
Best Use
Apartment 5plus
$389.2K
$340.5K – $454.0K
NOI $27,241 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$763.9K
$668.4K – $891.2K
NOI $53,472 @ 7.0% cap · market cap 7.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
4,024
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated apartments span studio, one-bedroom, and two-bedroom layouts, with off-street parking for residents.
Where is this apartment building located?
The property is located at 52 North Union Street Burlington, VT.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Five‑unit brick apartment property; Studio, one‑bedroom, and two‑bedroom apartment mix; 2,785 square feet; built in 1850
