Duplex with
For Sale
$649,000
6-8 Southview Drive, South Burlington, VT 05403
Two distinct residential layouts include a garage, a screened porch, and a kitchen with rear-yard access.
Property Size2,756 SF
Price / SF$235.49
Days on Market8
Property Features for 6-8 Southview Drive
General Information
Standard status
Active
Size
2,756 SF
Property subtype
Multi-family
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
3BR/1.5BA, 2BR
Multifamily Units
2
Building Details
Year Built
1972
Buildings
1
Listing Agency:
Alliance Real Estate,LLC
Listed By:
Kristin Lahue
(802) 881-0627
Source:
Buyvtrealestate
Added: Oct 12
Changed: Oct 19
Last Checked: Oct 19 at 7:33AM
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 Alliance Real Estate,LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1972, this 2,756-square-foot duplex contains a three-bedroom, 1.5-bath unit and a separate two-bedroom unit. The larger unit has hardwood flooring, built-ins, a screened porch, and a two-car garage. The second unit features an eat-in kitchen with a door to the rear yard.
The property is on a bus line in South Burlington, with city trails and the city center’s shops and dining nearby. The University of Vermont Medical Center, schools, interstate access, and central commerce are also in the surrounding area.
The property is on a bus line in South Burlington, with city trails and the city center’s shops and dining nearby. The University of Vermont Medical Center, schools, interstate access, and central commerce are also in the surrounding area.
Key Highlights
- 2,756‑square‑foot duplex built in 1972
- Two units: one with 3 bedrooms and 1.5 baths, the other with 2 bedrooms
- Three‑bedroom unit includes hardwood flooring, built‑ins, a screened porch, and a two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,439
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,780
$608.8K
Cap Rate 7%
$434,843
$434.8K
Cap Rate 9%
$338,211
$338.2K
Market Conditions
NOI Build-Up for 2,756 SF
Gross rent
$44.0K $15.96/SF
− Vacancy
−$501 −$0.18/SF
EGI
$43.5K $15.78/SF
− OpEx
−$13.0K −$4.73/SF
NOI
$30.4K $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%
$608,780
Cap Rate 7%
$434,843
Cap Rate 9%
$338,211
Alternative Uses
Best Use
Multifamily LT 5
$434.8K
$380.5K – $507.3K
NOI $30,439 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$385.1K
$337.0K – $449.3K
NOI $26,957 @ 7.0% cap · market cap 4.15%
Theoretical Best
Office A
$755.9K
$661.4K – $881.9K
NOI $52,915 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 05403, VT
20,166
Population
9,565
Households
2.1
Avg Household Size
41
Median Age
65%
College-Educated
98%
High-School Grad
16.4 sq mi
ZIP Area
1,230
Density / Sq Mi
$97,041
Median Household Income
$54,362
Median Earnings
$1,755
Median Rent
$399,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residential layouts include a garage, a screened porch, and a kitchen with rear-yard access.
Where is this duplex located?
The property is located at 6-8 Southview Drive South Burlington, VT.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2,756‑square‑foot duplex built in 1972; Two units: one with 3 bedrooms and 1.5 baths, the other with 2 bedrooms; Three‑bedroom unit includes hardwood flooring, built‑ins, a screened porch, and a two‑car garage
