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Property profile & analytics
OFF-MARKET Estimated value $8,540,000
Apartment buildings

985 Nn Ave Burlington, VT 05408

79,640 SF 9.8 ac lot Built 1975
Entity Owned 12-yr Hold Absentee Owner Free & Clear
Property ID
US89-0108133
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1975
Total area 79,640 SF
Lot 9.8 ac (426,888 SF)
Zoning code RL
APN (035) 033-1-127-000
UPID US89-0108133
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.54M
Owner & transaction history
985 ASSOCIATES
985 ASSOCIATES
Zoning & alternative use
RL · Burlington, VT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

1. The Residential Lower Intensity (Residential Low, RL) district is intended primarily for residential development that includes a mix of housing types such as single detached dwellin gs, with or without accessory dwelling units, duplexes, triplexes and quadplex organized in a compact neighborhood-scale that complements respective neighborhoods’ development…

Zone name Residential Low Intensity
General category RESIDENTIAL
Zone area 2,146.44 ac
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