Fully Occupied 4-Unit
For Sale
$659,900
64 Hyde Street, Burlington, VT 05401
Multi-Family, Burlington, VT
Property Size2,450 SF
Lot Size0.13 Acres
Price / SF$269.35
Days on Market98
Property Features for 64 Hyde Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Residential
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bedroom 5, Bathroom 2, Basement, Bathroom 1, Bedroom 1, Bathroom 3, Bathroom 4, Bedroom 2, Bedroom 4, Bedroom 6
Appliances
Owned Water Heater, Tank Water Heater
Lot features
City Lot
Middle school
Edmunds Middle School
High school
Burlington High School
Elementary school district
Burlington School District
Middle school district
Burlington School District
High school district
Burlington School District
Directions
From downtown Burlington, head north on North Ave. Turn right onto Hyde Street. Property will be on the left at 64 Hyde Street. Conveniently located in Burlington's Old North End, close to downtown Burlington, the waterfront, restaurants, shops, schools, and local parks.
Standard status
Active
Size
2,450 SF
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
10569
Utilities
Heating system
Space Heater, Natural Gas
Water source
Public
Amenities
off-street parking
hardwood flooring
vinyl flooring
Rinnai heaters
Building Details
Year built
1910
Floors in Building
2
Number of units
4
Flooring type
Vinyl, Hardwood
Building materials
Wood Frame, Cement Exterior, Clapboard Exterior
Roof type
Shingle
Architectural style
Other
Listing Agency:
KW Vermont · Keller Williams Realty
(802) 654-8500
Listed By:
Prabin Pokhrel
(802) 363-0315
Added: May 28
Changed: Sep 2
Last Checked: Sep 2 at 7:06PM
MLS# 5091360
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4-unit quadplex contains 2,450 square feet on a 0.13-acre lot and was built in 1910. The property is fully occupied, with all units leased to long-term, month-to-month tenants. Separate living spaces, hardwood and vinyl flooring, and four bathrooms support the existing residential configuration. Several units include Rinnai heaters, while the building has natural gas heating, a shingle roof, wood-frame construction, and public water service.
The property is located at 64 Hyde Street in Burlington’s Old North End, minutes from downtown, the waterfront, restaurants, shopping, and public transportation. Off-street parking is included, and the exterior has new paint. The property also includes a basement and six bedrooms identified in the room details.
The property is located at 64 Hyde Street in Burlington’s Old North End, minutes from downtown, the waterfront, restaurants, shopping, and public transportation. Off-street parking is included, and the exterior has new paint. The property also includes a basement and six bedrooms identified in the room details.
Key Highlights
- Four‑unit quadplex with 2,450 square feet of building area
- Fully occupied with long‑term, month‑to‑month tenants
- 0.13‑acre lot at 64 Hyde Street in Burlington’s Old North End
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Quadplex - Four separately leased units with off-street parking and convenient access to downtown, waterfront amenities, and public transportation.
Where is this quadplex located?
The property is located at 64 Hyde Street 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 square feet of building area; Fully occupied with long‑term, month‑to‑month tenants; 0.13‑acre lot at 64 Hyde Street in Burlington’s Old North End
