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Property profile & analytics
OFF-MARKET Estimated value $1,720,000
Apartment buildings

371 Main St Burlington, VT 05401-3411

8,037 SF 1.03 ac lot Built 1900
Individually Owned 3-yr Hold Free & Clear
Property ID
US89-0089721
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1900
Construction FRAME
Total area 8,037 SF
Lot 1.03 ac (44,867 SF)
Zoning code I
APN (035) 050-1-020-000
UPID US89-0089721
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 371 Main Street - Champlain College Student Dormitory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.20M
CAP Approach CAP
$1.21M
Comparable Approach Comparable
$1.62M
Blend (final) Blend
$1.72M
Owner & transaction history
Champlain College Incorporated · 3 yrs held
Champlain College Incorporated
since 2022
Last sale
$1.6M
2 recorded transactions
2022
$1.6M
2012
$1
Zoning & alternative use
I · Burlington, VT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The Institutional District (I) as illustrated in Map 4.4.4-1 allows for increased development scale and intensity than would typically be found in the adjacent residential districts to support continued growth and flexibility of the city’s major public and higher education and health care institutions within their respective institutional missions. New devel…

Zone name Institutional
General category CIVIC_INSTITUTIONAL
Zone area 529.24 ac
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