Well-Leased Duplex with Off-Street
78-80 Loomis Street Burlington, VT 05401
For Sale
$635,000
Duplex includes one two-bedroom and one three-bedroom unit, both with full baths, plus shared laundry and off-street parking.
Property Size2,002 SF
Price / SF$317.18
Days on Market8
Property Features for 78-80 Loomis Street
General Information
Standard status
Active
Size
2,002 SF
Property subtype
Multi-family
Building Details
Year Built
1910
Listing Agency:
Geri Reilly Real Estate
Listed By:
Geri Reilly
(603) 329-5903
Source:
Bigislandre
Added: Jul 22
Changed: Jul 26
Last Checked: Jul 29 at 5:06PM
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 Geri Reilly Real Estate
Investment Insights
Based on property information with market context.
This well maintained duplex is fully leased and configured with one two-bedroom unit and one spacious three-bedroom unit, each featuring a full bath. The three-bedroom unit includes a finished third-floor attic space with a half bath, adding extra room within the unit. Both tenants benefit from a functional, efficient layout.
A clean basement provides designated storage for each unit, and the property also offers shared laundry. Off-street parking is provided with two spaces in the driveway. The duplex sits on a smaller lot and is located in a Burlington rental area between UVM and Church Street.
With in-place leases, income is available from day one, including a lease for the first-floor unit through June 1, 2027 and a lease for the second-floor unit through December 2026.
A clean basement provides designated storage for each unit, and the property also offers shared laundry. Off-street parking is provided with two spaces in the driveway. The duplex sits on a smaller lot and is located in a Burlington rental area between UVM and Church Street.
With in-place leases, income is available from day one, including a lease for the first-floor unit through June 1, 2027 and a lease for the second-floor unit through December 2026.
Key Highlights
- Duplex built in 1910 with 1 two‑bedroom unit and 1 three‑bedroom unit, each with a full bath
- Fully leased: first‑floor unit through June 1, 2027; second‑floor unit through December 2026
- Three‑bedroom unit includes finished third‑floor attic space with a half bath
Financial Insights For Multifamily LT 5
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 | $32.0k | $15.96 |
| − Vacancy | −$364 | −$0.18 |
| EGI | $31.6k | $15.78 |
| − OpEx | −$9.5k | −$4.73 |
| NOI | $22.1k | $11.04 |
2,002 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$315.9K
$276.4K – $368.5K
NOI $22,111 @ 7.0% cap · market cap 3.48%
Second Best
Apartment 5plus
$279.7K
$244.8K – $326.4K
NOI $19,582 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$549.1K
$480.5K – $640.6K
NOI $38,438 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex includes one two-bedroom and one three-bedroom unit, both with full baths, plus shared laundry and off-street parking.
Where is this duplex located?
The property is located at 78-80 Loomis Street Burlington, VT.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Duplex built in 1910 with 1 two‑bedroom unit and 1 three‑bedroom unit, each with a full bath; Fully leased: first‑floor unit through June 1, 2027; second‑floor unit through December 2026; Three‑bedroom unit includes finished third‑floor attic space with a half bath
