Two-Unit Duplex with Off-Street
For Sale
$525,000
73-75 North Champlain St, Burlington, VT 05401
Two residences offer hardwood floors, spacious living areas, and dedicated driveways for off-street parking.
Property Size1,920 SF
Price / SF$273.44
Days on Market59
Property Features for 73-75 North Champlain St
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Multi-Family
Additional Details
Gross Income
$44,400
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
1899
Buildings
1
Listing Agency:
Flat Fee Real Estate
Listed By:
Robert Foley
(802) 318-0833
Source:
Lyvrealty
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 12 at 10:19PM
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 Flat Fee Real Estate
Investment Insights
Based on property information with market context.
Built in 1899, this 1,920-square-foot duplex contains two residential units with spacious interiors, generous bedrooms, hardwood floors, and period architectural details. Each unit has a separate driveway, providing off-street parking in a downtown-adjacent setting.
The property is located on North Champlain Street in Burlington’s Old North End, within minutes of downtown Burlington, the waterfront, UVM, Champlain College, restaurants, shopping, and public transportation. Its two-unit configuration supports both multifamily ownership and an owner-occupant arrangement.
The property is located on North Champlain Street in Burlington’s Old North End, within minutes of downtown Burlington, the waterfront, UVM, Champlain College, restaurants, shopping, and public transportation. Its two-unit configuration supports both multifamily ownership and an owner-occupant arrangement.
Key Highlights
- Two‑unit duplex built in 1899
- 1,920 square feet of residential space
- Hardwood flooring, generous bedrooms, and period details in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,206
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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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?
Duplex - Two residences offer hardwood floors, spacious living areas, and dedicated driveways for off-street parking.
Where is this duplex located?
The property is located at 73-75 North Champlain St 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: Two‑unit duplex built in 1899; 1,920 square feet of residential space; Hardwood flooring, generous bedrooms, and period details in each unit
