Fully Occupied 4-Unit
For Sale
$659,900
64 Hyde St, Burlington, VT 05401
Four separate residences offer off-street parking and month-to-month tenancy in Burlington’s Old North End.
Property Size2,450 SF
Price / SF$269.35
Days on Market87
Property Features for 64 Hyde St
General Information
Standard status
Active
Size
2,450 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Amenities
off-street parking
hardwood and vinyl flooring
Rinnai heaters
new paint
Building Details
Year Built
1910
Tenancy
Multi
Listing Agency:
KW Vermont
Listed By:
Prabin Pokhrel
(802) 654-8500
Source:
Carolslocum
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 7 at 5:15PM
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 KW Vermont
Investment Insights
Based on property information with market context.
This 2,450-square-foot quadplex was built in 1910 and contains four separate living spaces. Each residence is leased on a long-term, month-to-month basis, and the property is fully occupied. Interior details include hardwood and vinyl flooring in select units, while several residences have Rinnai heaters. Off-street parking serves the building, and the exterior has been updated with new paint.
The property is located at 64 Hyde St in Burlington’s Old North End, minutes from downtown, the waterfront, restaurants, shopping, and public transportation. Its four-unit configuration supports continued rental use and may also accommodate an owner-occupied arrangement with supplemental rental income.
The property is located at 64 Hyde St in Burlington’s Old North End, minutes from downtown, the waterfront, restaurants, shopping, and public transportation. Its four-unit configuration supports continued rental use and may also accommodate an owner-occupied arrangement with supplemental rental income.
Key Highlights
- Four‑unit quadplex with 2,450 SF of building area
- Fully occupied by long‑term, month‑to‑month tenants
- Built in 1910 with four separate living spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,059
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$541,180
$541.2K
Cap Rate 7%
$386,557
$386.6K
Cap Rate 9%
$300,656
$300.7K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$39.1K $15.96/SF
− Vacancy
−$446 −$0.18/SF
EGI
$38.7K $15.78/SF
− OpEx
−$11.6K −$4.73/SF
NOI
$27.1K $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%
$541,180
Cap Rate 7%
$386,557
Cap Rate 9%
$300,656
Alternative Uses
Best Use
Multifamily LT 5
$386.6K
$338.2K – $451.0K
NOI $27,059 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$342.3K
$299.6K – $399.4K
NOI $23,964 @ 7.0% cap · market cap 3.63%
Theoretical Best
Office A
$672.0K
$588.0K – $784.0K
NOI $47,040 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,221
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residences offer off-street parking and month-to-month tenancy in Burlington’s Old North End.
Where is this quadplex located?
The property is located at 64 Hyde St Burlington, VT.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: Four‑unit quadplex with 2,450 SF of building area; Fully occupied by long‑term, month‑to‑month tenants; Built in 1910 with four separate living spaces
