Updated Two-Unit
For Sale
$719,000
64 Saint Peter Street, Winooski, VT 05404
Two residential units feature renovated kitchens, private parking, and shared outdoor space.
Property Size1,968 SF
Price / SF$365.35
Days on Market48
Property Features for 64 Saint Peter Street
General Information
Standard status
Active
Size
1,968 SF
Property subtype
Multi-Family
Zoning
Res
Additional Details
Multifamily Units
2
Amenities
covered front porch
private driveway
off-street parking
green space
storage shed
dry basement
washer and dryer
stainless steel appliances
Building Details
Year Built
1937
Buildings
1
Stories
2
Listing Agency:
Coldwell Banker Realty - Franklin
(978) 578-5013
Listed By:
Chris Bernier
(978) 578-5013
Source:
Churchillprop
Added: Jul 14
Changed: Aug 30
Last Checked: Aug 30 at 1:02AM
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 Realty - Franklin
Investment Insights
Based on property information with market context.
This 1,968-square-foot duplex, built in 1937 and zoned Res, contains two residential units with updated interiors. The first-floor apartment includes four bedrooms, wood flooring, a renovated kitchen with stainless steel appliances, butcher block counters, and extensive cabinetry. Upstairs, the second unit offers three bedrooms, a refreshed kitchen with tiled floors, quartz counters, exposed beams, and bar seating, along with a vaulted living room and remodeled bathroom.
A covered front porch, private driveway, off-street parking, and usable green space support daily residential use and outdoor activities. The property also includes a storage shed and a dry basement with separate storage rooms and washer and dryer access. The address is within walking distance of Scout & Co., Four Quarters Brewing, Misery Loves Co., and Waterworks in downtown Winooski.
A covered front porch, private driveway, off-street parking, and usable green space support daily residential use and outdoor activities. The property also includes a storage shed and a dry basement with separate storage rooms and washer and dryer access. The address is within walking distance of Scout & Co., Four Quarters Brewing, Misery Loves Co., and Waterworks in downtown Winooski.
Key Highlights
- 1,968 SF duplex with two residential units
- First‑floor unit has 4 bedrooms; upstairs unit has 3 bedrooms
- Updated kitchens with stainless appliances, butcher block, and quartz countertops
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
$21,736
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
3.02%
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%
$434,720
$434.7K
Cap Rate 7%
$310,514
$310.5K
Cap Rate 9%
$241,511
$241.5K
Market Conditions
NOI Build-Up for 1,968 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
$31.4K $15.96/SF
− Vacancy
−$358 −$0.18/SF
EGI
$31.1K $15.78/SF
− OpEx
−$9.3K −$4.73/SF
NOI
$21.7K $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%
$434,720
Cap Rate 7%
$310,514
Cap Rate 9%
$241,511
Alternative Uses
Best Use
Multifamily LT 5
$310.5K
$271.7K – $362.3K
NOI $21,736 @ 7.0% cap · market cap 3.02%
Second Best
Apartment 5plus
$275.0K
$240.6K – $320.8K
NOI $19,249 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$539.8K
$472.3K – $629.8K
NOI $37,786 @ 7.0% cap · market cap 5.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
840
Businesses Nearby
Explore this area
Business Placement
Demographics for 05404, VT
7,981
Population
3,952
Households
2
Avg Household Size
34
Median Age
56%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
5,701
Density / Sq Mi
$77,020
Median Household Income
$42,254
Median Earnings
$1,635
Median Rent
$350,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units feature renovated kitchens, private parking, and shared outdoor space.
Where is this duplex located?
The property is located at 64 Saint Peter Street Winooski, VT.
What is the asking price?
The asking price for this property is $719,000.
What are key features of this property?
This property features: 1,968 SF duplex with two residential units; First‑floor unit has 4 bedrooms; upstairs unit has 3 bedrooms; Updated kitchens with stainless appliances, butcher block, and quartz countertops
