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Burlington Multifamily Investment Opportunity

76 Ethan Allen Pkwy Burlington, VT 05408

76 Ethan Allen Pkwy, Burlington, VT, 05408
$1,800,000
For Sale
Claim this Listing
$1,800,000

Seven-unit property near Ethan Allen Park with income potential.

Property Size5,798 SF
Price / SF$310.45
AddedMay 6
Days on Market72
Last RefreshJul 15 at 10:32 pm

Property Features for 76 Ethan Allen Pkwy

General Information

Standard status
Active
Size
5,798 SF
Property subtype
Multi-Family

Building Details

Year Built
1988

Listing office KW Vermont

Listing date May 6, 2026

Source Hometown-team

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 unique seven-unit investment property is located in Burlington, directly across from Ethan Allen Park. The property features six townhouse-style apartment units and a separate single-family home, offering income potential and flexible rental opportunities. Four of the units have been updated in recent years with new flooring, kitchens, and paint. An expansive parking area provides off-street parking for tenants and guests. The location provides access to walking trails, scenic overlooks, playgrounds, and green space at Ethan Allen Park, and is minutes from downtown Burlington, the University of Vermont, University of Vermont Medical Center, local restaurants, shopping, breweries, and the Burlington Bike Path along Lake Champlain. Major roadways and public transportation are easily accessible. The property is in the Neighborhood Activity Center Zoning District which offers redevelopment potential. The property size is 5798 square feet.

Key Highlights

  • Prime location directly across from Ethan Allen Park, offering immediate access to nature, recreation, and scenic views.
  • Strong income potential from a 7‑unit property.
  • Four units have been recently updated with new flooring, kitchens, and paint.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $104.4k $18.00
− Vacancy −$1.3k −$0.22
EGI $103.1k $17.78
− OpEx −$46.4k −$8.00
NOI $56.7k $9.78
5,798 SF · lease $18.00/SF/yr · vacancy 1.20% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$810.2K
$708.9K – $945.2K (±1% cap)
NOI $56,711 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M (±1% cap)
NOI $111,322 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Hair Salon Spa & Massage Center Building Supply Parking Lot & Garage Nail Salon Big Box & Wholesale Store Electrical Service Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Seven-unit property near Ethan Allen Park with income potential.
Where is this apartment building located?
The property is located at 76 Ethan Allen Pkwy Burlington, VT.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Prime location directly across from Ethan Allen Park, offering immediate access to nature, recreation, and scenic views.; Strong income potential from a 7‑unit property.; Four units have been recently updated with new flooring, kitchens, and paint.
Contact an agent
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