Duplex with Covered and Enclosed
For Sale
$525,000
73-75 N Champlain Street, Burlington, VT 05401
Multi-Family, Burlington, VT
Property Size1,920 SF
Lot Size0.08 Acres
Price / SF$273.44
Days on Market53
Property Features for 73-75 N Champlain Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
residential
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 3
Patio and Porch features
Porch
Exterior features
Covered Porch, Enclosed Porch
Lot features
City Lot
Elementary school
Assigned
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
Standard status
Active
Size
1,920 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
8163
Utilities
Heating system
Natural Gas, Forced Air, Space Heater
Water source
Public
Building Details
Year built
1899
Floors in Building
2
Number of units
2
Flooring type
Carpet, Hardwood
Building materials
Wood Frame
Roof type
Membrane
Architectural style
Other
Listing Agency:
Flat Fee Real Estate
(802) 318-0833
Listed By:
Robert Foley
(802) 318-0833
Added: Jun 30
Changed: Aug 20
Last Checked: Aug 21 at 12:06PM
MLS# 5097441
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 duplex at 73-75 N Champlain Street provides a wood-frame residential structure built in 1899. The property totals 1,920 square feet and includes bedrooms, two bathrooms, and a basement. Interior finishes feature hardwood and carpet flooring, and heating is provided by natural gas forced air along with space heaters.
Exterior features include covered and enclosed porches. The remarks also note that each unit comes with its own driveway for off-street downtown parking. Water service is public, and the roof is described as membrane.
The property is zoned residential and situated in Burlington’s Old North End area, with proximity described to downtown Burlington, the waterfront, UVM, Champlain College, dining, shopping, and public transportation.
Exterior features include covered and enclosed porches. The remarks also note that each unit comes with its own driveway for off-street downtown parking. Water service is public, and the roof is described as membrane.
The property is zoned residential and situated in Burlington’s Old North End area, with proximity described to downtown Burlington, the waterfront, UVM, Champlain College, dining, shopping, and public transportation.
Key Highlights
- 0.08‑acre lot with a total 1,920 SF duplex
- Built in 1899 with wood‑frame construction
- Covered and enclosed porches plus porch features
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
$21,206
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
4.04%
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%
$424,120
$424.1K
Cap Rate 7%
$302,943
$302.9K
Cap Rate 9%
$235,622
$235.6K
Market Conditions
NOI Build-Up for 1,920 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
$30.6K $15.96/SF
− Vacancy
−$349 −$0.18/SF
EGI
$30.3K $15.78/SF
− OpEx
−$9.1K −$4.73/SF
NOI
$21.2K $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%
$424,120
Cap Rate 7%
$302,943
Cap Rate 9%
$235,622
Alternative Uses
Best Use
Multifamily LT 5
$302.9K
$265.1K – $353.4K
NOI $21,206 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$268.3K
$234.8K – $313.0K
NOI $18,780 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$526.6K
$460.8K – $614.4K
NOI $36,864 @ 7.0% cap · market cap 7.02%
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
2,813
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
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Frequently Asked Questions
What type of property is this?
Duplex - Wood-frame duplex on a 0.08-acre lot with covered and enclosed porches, membrane roof, and natural gas forced-air heating.
Where is this duplex located?
The property is located at 73-75 N Champlain Street Burlington, VT.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 0.08‑acre lot with a total 1,920 SF duplex; Built in 1899 with wood‑frame construction; Covered and enclosed porches plus porch features
