$6,950,000

Estimated payment $42,986/month

Total Views 6,859
-- Bed
-- Bath
16,481 Sq Ft
$422 Price per Sq Ft

Highlights

  • Gated Parking
  • Hot Water Heating System
  • 4-minute walk to City Hall Park
  • Wood Flooring
  • Mini Split Air Conditioners

About This Home

Rare opportunity to acquire a fully renovated, income-producing multi-building portfolio in Burlington’s highly desirable Downtown Center (FD5) zoning district. 260 & 252 College Street offer a combined 20 residential units with 48 total bedrooms, ideally positioned for strong rental demand and long-term appreciation. 260 College Street features 14 units (45 beds) within a historically significant structure originally built in 1906 and thoughtfully converted to multifamily use. A comprehensive, unit-by-unit gut renovation completed in 2026 delivers modern systems and finishes throughout, including new kitchens, baths, electrical, plumbing, sprinkler system, and common boiler. The property benefits from high ceilings (up to 18’), maximizing livability and tenant appeal, while added bedrooms and newly created units enhance income potential. Additional capital improvements include secure gated access, camera system, exterior lighting, and upgraded common amenities, positioning the asset as a turnkey, low-maintenance investment. 252 College Street complements the offering with a fully renovated 3-unit building (completed 2025), converted from office to residential use. Each unit features modern finishes, in-unit laundry, and separate boilers, providing operational efficiency and strong tenant demand. Together, the properties offer diversified unit mix, separately metered electric, and significant recent capital investment across all major systems—minimizing near-term expenses. Located in a prime rental corridor near downtown amenities, employment, and universities, the portfolio is well-positioned for stable occupancy and continued rent growth. Ideal for investors seeking a turnkey asset with scale, strong cash flow potential, and long-term upside in one of Vermont’s most resilient rental markets.

Listing Agent

Rob Foley

Flat Fee Real Estate License #081.0004496 Listed on: 04/10/2026

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $73,653

Year Built

  • Built in 1906

Parking

  • 14 Car Garage
  • Gated Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Stone Foundation
  • Rolled or Hot Mop Roof

Interior Spaces

  • 16,481 Sq Ft Home
  • Property has 2 Levels
  • Finished Basement
  • Interior Basement Entry

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Vinyl Plank
  • Vinyl

Schools

  • Assigned Elementary School
  • Edmunds Middle School
  • Burlington High School

Utilities

  • Mini Split Air Conditioners
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Additional Features

  • 16,117 Sq Ft Lot
  • City Lot

Community Details

Overview

  • 17 Units

Building Details

  • 17 Leased Units
  • Gross Income $618,000
  • Net Operating Income $464,000

Property Details

Home Type

Apartment

Est. Annual Taxes

$73,653

Year Built

Built in 1906

Lot Details

0.37 Acres

Parking

14

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1906
  • Display On Internet: Cable Internet
  • Architectural Style: Apartment Building
  • ResoLotFeatures: City Lot
  • Road Frontage Type: Public
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 16481.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Basement_Access_Type: Interior
  • Separate_Utilities: Varies
  • Above_Grade_Unfinished_Area_Source: Other
  • Below_Grade_Unfinished_Area_Source: Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Gas Water Heater, Natural Gas Water Heater
  • Flooring: Combination, Carpet, Hardwood, Laminate, Tile, Vinyl, Vinyl Plank
  • Basement: Finished
  • Basement YN: Yes

Exterior Features

  • Driveway: Gated, Paved
  • Roof: Rolled/Hot Mop
  • Easements: Yes
  • Construction Type: Brick Exterior
  • Foundation Details: Concrete, Stone

Garage/Parking

  • Garage Spaces: 14.0
  • Attached Garage: No
  • Parking Features: Assigned, Off Street, On Site

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Natural Gas, Hot Water
  • Cooling: Mini Split
  • Trash: Dumpster
  • Utilities: Cable
  • Water Source: Public

Schools

  • Elementary School: Assigned
  • High School: Burlington High School
  • Middle Or Junior School: Edmunds Middle School

Lot Info

  • Surveyed: No
  • Zoning: Downtown
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16117.0

Multi Family

  • Gross Income: 618000.0
  • Number Of Units Total: 17
  • Net Operating Income: 464000.0
  • Number Of Units Leased: 17
  • Number Of Separate Electric Meters: 19
  • Number Of Separate Gas Meters: 5

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 73653.0

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $34,304 $1,419,300 $947,700 $471,600
2023 $29,990 $1,419,300 $947,700 $471,600
2022 $29,984 $1,419,300 $947,700 $471,600
2021 $31,239 $1,419,300 $940,200 $479,100
2020 $29,590 $961,500 $682,000 $279,500
2019 $28,142 $961,500 $682,000 $279,500
2018 $7,192 $961,500 $682,000 $279,500
2017 $25,610 $961,500 $682,000 $279,500
2016 $25,023 $961,500 $682,000 $279,500
2015 -- $9,615 $0 $0
2014 -- $9,615 $0 $0
2013 -- $9,615 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2026 04/10/26 For Sale $6,950,000 -- $422 / Sq Ft
Source: PrimeMLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Deed $1,050,000 --
Grant Deed $945,000 --
Source: Public Records

Source: PrimeMLS

MLS Number: 5083112

PrimeMLS

APN: (035) 032-1-030-000

Your Personal Tour Guide

Ask me questions while you tour the home.