Renovated Burlington Triplex Near
For Sale
$1,125,000
6-8 Chase St, Burlington, VT 05401
Renovated triplex with 11 bedrooms near UVM and downtown.
Property Size3,575 SF
Price / SF$314.69
Days on Market188
Property Features for 6-8 Chase St
General Information
Standard status
Active
Size
3,575 SF
Property subtype
Multi-Family
Building Details
Year Built
1899
Listing Agency:
Coldwell Banker Hickok and Boardman
Listed By:
The Steve Audette Team
(802) 846-8800
Source:
Carolslocum
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 7 at 1:39PM
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
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 renovated Burlington triplex features three units and five bathrooms, presenting a strong opportunity for investors or buyers seeking rental income near the University of Vermont. The building includes 11 bedrooms and is currently fully rented. Recent renovations encompass updated kitchens, bathrooms, heating systems, flooring, and interior finishes. Situated across the Winooski River, the property offers convenient access to UVM, the UVM Medical Center, downtown Burlington, and the expanding restaurant and retail area of Winooski. This turn-key multi-family property in Burlington provides stable rental income due to its recent improvements and high-demand location. The property has a bike score of 58, indicating it is bikeable, a walk score of 58, indicating it is somewhat walkable, and a transit score of 37, indicating some transit options are available.
Key Highlights
- Fully rented, turn‑key triplex providing stable rental income.
- 11 bedrooms and 5 bathrooms, maximizing rental potential.
- Recently renovated with updated kitchens, bathrooms, and heating systems, plus new flooring and interior finishes.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,485
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,700
$789.7K
Cap Rate 7%
$564,071
$564.1K
Cap Rate 9%
$438,722
$438.7K
Market Conditions
NOI Build-Up for 3,575 SF
Gross rent
$57.1K $15.96/SF
− Vacancy
−$650 −$0.18/SF
EGI
$56.4K $15.78/SF
− OpEx
−$16.9K −$4.73/SF
NOI
$39.5K $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%
$789,700
Cap Rate 7%
$564,071
Cap Rate 9%
$438,722
Alternative Uses
Best Use
Multifamily LT 5
$564.1K
$493.6K – $658.1K
NOI $39,485 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$499.5K
$437.1K – $582.8K
NOI $34,968 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$980.6K
$858.0K – $1.14M
NOI $68,640 @ 7.0% cap · market cap 6.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
2,172
Businesses Nearby
Explore this area
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
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?
Triplex - Renovated triplex with 11 bedrooms near UVM and downtown.
Where is this triplex located?
The property is located at 6-8 Chase St Burlington, VT.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Fully rented, turn‑key triplex providing stable rental income.; 11 bedrooms and 5 bathrooms, maximizing rental potential.; Recently renovated with updated kitchens, bathrooms, and heating systems, plus new flooring and interior finishes.
