579 South Willard Street Burlington, VT 05401
Well-maintained duplex in desirable location with lake views.
Property Features for 579 South Willard Street
General Information
- Standard status
- Active
- Size
- 1,928 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1941
Listing office Geri Reilly Real Estate (802) 307-9611
Listing date Mar 27, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Prime Location: South End Burlington, moments from Church Street Marketplace, Burlington Waterfront, Pine Street, and the Burlington Bike Path.
- Income Potential/Mortgage Offset: Ideal for investors or owner‑occupants seeking rental income.
- Lake Champlain and Adirondack Mountain Views: Enjoy scenic views from large screened‑in porches.
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 | $30.8k | $15.96 |
| − Vacancy | −$351 | −$0.18 |
| EGI | $30.4k | $15.78 |
| − OpEx | −$9.1k | −$4.73 |
| NOI | $21.3k | $11.04 |