460-462 Colchester Ave Burlington, VT 05401
Riverside NeighborhoodEstimated payment $4,777/month
Highlights
- Softwood Flooring
- Shed
- Trails
- Patio
- Energy-Efficient Appliances
- Wood Siding
About This Home
Phenomenal, 2-unit turn-key investment property or great opportunity to owner occupy in Burlington! You'll get the best of both worlds as this property is a stone's throw to Winooski restaurants, bars, and shopping. You'll also be minutes away from UVM, Champlain College, Saint Michael's College, and UVM Medical Center making this property a highly attractive option to renters. Unit 1 offers 2 bedrooms and a full bathroom, as well as a spacious, bright living room with an open flow to a roomy kitchen equipped with updated stainless appliances and plenty of storage/counter space. There is also a full basement where the washer/dryer are located! Unit 2, located on the second and third floor, is a sunny unit featuring two spacious bedrooms as well as a large flex space on the third floor. The living room, bathed in natural light, provides a relaxing place to unwind after a long day. The kitchen in this unit also boasts updated stainless appliances and plenty of storage space as well. As you wander to the outside, enjoy a lovely, covered porch facing the city of Winooski, perfect for relaxing with friends. The spacious backyard with a patio is a fun spot to grill and play yard games. Both units offer a washer/dryer and two off-street parking spaces per unit as an added bonus. Conveniently, the bus stop is located right in front of the property making commutes to and from your daily activities a breeze year-round!
Listing Agent
Coldwell Banker Hickok and Boardman Brokerage Phone: 802-863-1500 License #082.0006900 Listed on: 04/16/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $13,847
Year Built
- Built in 1900
Home Design
- Duplex
- Stone Foundation
- Wood Frame Construction
- Slate Roof
- Membrane Roofing
- Wood Siding
- Clapboard
Interior Spaces
- Property has 2 Levels
Flooring
- Softwood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- Driveway
- Paved Parking
Outdoor Features
- Patio
- Shed
Schools
- Assigned Elementary And Middle School
- Burlington High School
Additional Features
- Energy-Efficient Appliances
- 6,534 Sq Ft Lot
- City Lot
- Cable TV Available
Community Details
Overview
- 2 Units
Recreation
- Trails
Building Details
- 3 Leased Units
- Gross Income $57,600
- Net Operating Income $37,953
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 | $14,161 | $585,900 | $120,800 | $465,100 |
| 2023 | $12,380 | $585,900 | $120,800 | $465,100 |
| 2022 | $12,378 | $585,900 | $120,800 | $465,100 |
| 2021 | $12,896 | $585,900 | $119,800 | $466,100 |
| 2020 | $9,423 | $306,150 | $82,700 | $223,450 |
| 2019 | $8,962 | $306,150 | $82,700 | $223,450 |
| 2018 | $8,219 | $306,150 | $82,700 | $223,450 |
| 2017 | $7,935 | $306,200 | $82,700 | $223,500 |
| 2016 | $7,969 | $306,200 | $82,700 | $223,450 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/27/2025 05/27/25 | Price Changed | $680,000 | -2.7% | $318 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $699,000 | +65.4% | $327 / Sq Ft |
| 06/19/2015 06/19/15 | Sold | $422,600 | -1.7% | $194 / Sq Ft |
| 05/10/2015 05/10/15 | Pending | -- | -- | -- |
| 02/23/2015 02/23/15 | For Sale | $429,900 | -- | $198 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $242,275 | -- |
Source: PrimeMLS
MLS Number: 5036508
APN: (035) 041-4-034-000
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