252-260 College Street, Burlington, VT 05401
VT-Chittenden County
Key Facts
Description
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 Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Apartment Building
Year Built
1906
Stories
2
Living Area
16,481 sq ft
Lot Size
0.37 acres
Garage Spaces
14
Parking Spaces
14
Zoning
Downtown
MLS® Listing#
5083112
Property Features
Appliances
Cooling
Heating
Flooring
Basement
Parking
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Assigned
- Middle:
- Edmunds Middle School
- High:
- Burlington High School
- District:
- Burlington School District
Financial Details
Annual Taxes
$73,653
Tax year 2026
Affordability Calculator
$1,390,000
Estimated monthly payment
$36,991/mo
Principal $5,560,000 · Est. interest $7,756,695 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Burlington, VT
- $627,778
- Median Listing Price
- 88
- Median Days on Market
- 1,766
- Median Sq Ft
- $333
- Median Price / Sq Ft
- 357
- Active Listings
- This home’s price is 1007% above the area median.
- Its price per sq ft is 27% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Burlington, VT.
Location
Getting Around
Points of Interest in Burlington, VT
Showing the Burlington area map.
Nearby Schools
Edmunds Elementary School
Elementary · 0.2 mi away
Burlington High School
Secondary · 0.3 mi away
St Joseph School
School · 0.5 mi away
Sustainability Academy
School · 0.6 mi away
Mater Christi School
Elementary · 0.7 mi away
Uvm Career Center
School · 0.7 mi away
Aiken Center, University of Vermont
School · 0.7 mi away
Edmunds Middle School
Secondary · 0.8 mi away
Burlington School District
School · 0.8 mi away
Christ the King School
School · 0.9 mi away
Champlain Elementary School
Elementary · 1.4 mi away
Rick Marcotte Central School
Elementary · 1.8 mi away
Rice Memorial High School
Secondary · 1.8 mi away
Burlington Technical Center
Secondary · 1.8 mi away
Burlington High School
Secondary · 1.8 mi away
Kids & Fitness
School · 1.8 mi away
Rock Point School
School · 1.9 mi away
Childrens School
School · 1.9 mi away
International Children's School
Elementary · 1.9 mi away
The Baird School
Elementary · 2.1 mi away
Commute Calculator
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Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1499 Hinesburg Road, South Burlington, VT | $5,000,000 | — | — | — |
| 1 BTV Investment Street, Burlington, VT | $6,242,000 | 70 | 31 | 21,408 |
