Renovated 3-Unit
For Sale
$864,900
94 Malletts Bay Ave, Winooski, VT 05404
A vacant residence offers flexibility for leasing, additional work, or owner occupancy.
Property Size2,640 SF
Price / SF$327.61
Days on Market9
Property Features for 94 Malletts Bay Ave
General Information
Standard status
Active
Size
2,640 SF
Property subtype
Residential Income
Site & Location
Highway Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,028
Listing Agency:
Signature Properties of Vermont
Listed By:
Blake M Gintof
(802) 872-8881
Source:
Exprealty
Added: Oct 2
Changed: Oct 10
Last Checked: Oct 10 at 2:19AM
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 Signature Properties of Vermont
Investment Insights
Based on property information with market context.
At 94 Malletts Bay Avenue in Winooski, this triplex contains three residential units within 2,640 square feet. Recent renovations and improvements have been completed, and one unit is vacant, allowing for lease-up, further improvements, or owner occupancy.
Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, shopping, dining, employment centers, and public transportation are described as just minutes away.
Downtown Winooski, Burlington, I-89, UVM Medical Center, area colleges, shopping, dining, employment centers, and public transportation are described as just minutes away.
Key Highlights
- Three residential units in 2,640 square feet
- One unit is vacant
- Recent renovations and improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,158
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$583,160
$583.2K
Cap Rate 7%
$416,543
$416.5K
Cap Rate 9%
$323,978
$324.0K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$42.1K $15.96/SF
− Vacancy
−$480 −$0.18/SF
EGI
$41.7K $15.78/SF
− OpEx
−$12.5K −$4.73/SF
NOI
$29.2K $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%
$583,160
Cap Rate 7%
$416,543
Cap Rate 9%
$323,978
Alternative Uses
Best Use
Multifamily LT 5
$416.5K
$364.5K – $486.0K
NOI $29,158 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$368.9K
$322.8K – $430.4K
NOI $25,822 @ 7.0% cap · market cap 2.99%
Theoretical Best
Office A
$724.1K
$633.6K – $844.8K
NOI $50,688 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
794
Businesses Nearby
Explore this area
Business Placement
Demographics for 05404, VT
7,981
Population
3,952
Households
2
Avg Household Size
34
Median Age
56%
College-Educated
92%
High-School Grad
1.4 sq mi
ZIP Area
5,701
Density / Sq Mi
$77,020
Median Household Income
$42,254
Median Earnings
$1,635
Median Rent
$350,700
Median Home Value
Check the figures for this property
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?
Triplex - A vacant residence offers flexibility for leasing, additional work, or owner occupancy.
Where is this triplex located?
The property is located at 94 Malletts Bay Ave Winooski, VT.
What is the asking price?
The asking price for this property is $864,900.
What are key features of this property?
This property features: Three residential units in 2,640 square feet; One unit is vacant; Recent renovations and improvements
