252 College St Burlington, VT 05401
Downtown Burlington NeighborhoodEstimated payment $42,986/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | -- | |
| Deed | $1,050,000 | -- | |
| Grant Deed | $945,000 | -- |
Source: PrimeMLS
MLS Number: 5083112
APN: (035) 032-1-030-000
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Ask me questions while you tour the home.