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Vermont Real Estate Company

info@vermontrealestatecompany.com +1(802) 540-8300

Listed by Robert Foley • Flat Fee Real Estate

$ 6,950,000

Est. payment -/mo

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252-260 College ST Burlington, VT 05401

16,481 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,481 sqft

Price per Sqft $421

MLS Listing ID 5083112

Construction Status Existing

Year Built 1906

Annual Tax Amount $73,653

Tax Year 2026

Lot Size 0.370 Acres

Acres 0.37

Property 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.

Location

State VT

County Vt-chittenden

Area Vt-Chittenden

Zoning Downtown

Rooms

Basement Entrance Interior

Basement Finished

Interior

Cooling Mini Split

Flooring Carpet, Combination, Hardwood, Laminate, Tile, Vinyl, Vinyl Plank

Exterior

Garage Spaces 14.0

Utilities Available Cable

Roof Type Rolled

Building

Story 2

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

Schools

Elementary Schools Assigned

Middle Schools Edmunds Middle School

High Schools Burlington High School

School District Burlington School District

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Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Vermont Real Estate Company

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+1(802) 540-8300 | info@vermontrealestatecompany.com

Vermont Real Estate Company

252-260 College ST Burlington, VT 05401

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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252-260 College ST

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