Well-Leased Duplex with Off-Street
For Sale
$635,000
78-80 Loomis Street, Burlington, VT 05401
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 Market158
Property Features for 78-80 Loomis Street
General Information
Standard status
Active
Size
2,002 SF
Total Parking Spaces
2
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
basement storage
shared laundry
Building Details
Year Built
1910
Stories
3
Tenancy
Multi
Listing Agency:
Geri Reilly Real Estate
Listed By:
Geri Reilly
(802) 343-0191
Source:
Buyvtrealestate
Added: May 6
Changed: Oct 10
Last Checked: Oct 10 at 1:39AM
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
Estimated NOI and Cap Rate
NOI / Yr
$22,111
Cap Rate
3.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,220
$442.2K
Cap Rate 7%
$315,871
$315.9K
Cap Rate 9%
$245,678
$245.7K
Market Conditions
NOI Build-Up for 2,002 SF
Gross rent
$32.0K $15.96/SF
− Vacancy
−$364 −$0.18/SF
EGI
$31.6K $15.78/SF
− OpEx
−$9.5K −$4.73/SF
NOI
$22.1K $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%
$442,220
Cap Rate 7%
$315,871
Cap Rate 9%
$245,678
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
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,378
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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Market
Vacancy Rate% for Multifamily in Northeast region
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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
