7-Unit Apartment Property with
For Sale
$1,650,000
76 Ethan Allen Pkwy, Burlington, VT 05408
Mixed residential configuration includes townhouse-style apartments, a separate home, updated interiors, and off-street parking.
Property Size5,798 SF
Price / SF$284.58
Days on Market62
Property Features for 76 Ethan Allen Pkwy
General Information
Standard status
Active
Size
5,798 SF
Building Details
Year Built
1988
Listing Agency:
KW Vermont
Listed By:
Kassian R Prior
(802) 777-5941
Source:
Carolslocum
Added: Aug 14
Changed: Oct 2
Last Checked: Oct 7 at 3:46PM
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 7-unit apartment property, built in 1988, combines six townhouse-style apartments with a separate single-family home. The 5,798-square-foot property includes four units that have received extensive updates over the past several years, including new flooring, kitchens, and paint. An expansive parking area provides off-street parking for residents and visitors.
The property is directly across from Ethan Allen Park, with access to walking trails, scenic overlooks, playgrounds, and open green space. Downtown Burlington, the University of Vermont, the University of Vermont Medical Center, restaurants, shopping, breweries, and the Burlington Bike Path along Lake Champlain are minutes away. Major roadways and public transportation are also readily accessible.
The property is located in the Neighborhood Activity Center Zoning District, which supports consideration of additional redevelopment possibilities. Specific redevelopment details are available upon request.
The property is directly across from Ethan Allen Park, with access to walking trails, scenic overlooks, playgrounds, and open green space. Downtown Burlington, the University of Vermont, the University of Vermont Medical Center, restaurants, shopping, breweries, and the Burlington Bike Path along Lake Champlain are minutes away. Major roadways and public transportation are also readily accessible.
The property is located in the Neighborhood Activity Center Zoning District, which supports consideration of additional redevelopment possibilities. Specific redevelopment details are available upon request.
Key Highlights
- 7‑unit configuration with six townhouse‑style apartments and one separate single‑family home
- 5,798 square feet on the property
- Four units updated with new flooring, kitchens, and paint over the past several years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,711
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,220
$1.1M
Cap Rate 7%
$810,157
$810.2K
Cap Rate 9%
$630,122
$630.1K
Market Conditions
NOI Build-Up for 5,798 SF
Gross rent
$104.4K $18.00/SF
− Vacancy
−$1.3K −$0.22/SF
EGI
$103.1K $17.78/SF
− OpEx
−$46.4K −$8.00/SF
NOI
$56.7K $9.78/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,134,220
Cap Rate 7%
$810,157
Cap Rate 9%
$630,122
Alternative Uses
Best Use
Apartment 5plus
$810.2K
$708.9K – $945.2K
NOI $56,711 @ 7.0% cap · market cap 3.44%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.39M – $1.86M
NOI $111,322 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
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Business Placement
Demographics for 05408, VT
10,425
Population
4,455
Households
2.3
Avg Household Size
44
Median Age
55%
College-Educated
94%
High-School Grad
4.0 sq mi
ZIP Area
2,606
Density / Sq Mi
$98,656
Median Household Income
$52,934
Median Earnings
$1,573
Median Rent
$369,400
Median Home Value
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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?
Apartment building - Mixed residential configuration includes townhouse-style apartments, a separate home, updated interiors, and off-street parking.
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 $1,650,000.
What are key features of this property?
This property features: 7‑unit configuration with six townhouse‑style apartments and one separate single‑family home; 5,798 square feet on the property; Four units updated with new flooring, kitchens, and paint over the past several years
