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    246 East Ave Burlington, VT 05401

    For Sale
    $695,000

    Multi-Family - Burlington, VT

    Property size:
    1,944 SF
    Lot size:
    0.26 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 13 at 7:06 pm

    Property Features for 246 East Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    Rooms
    Basement
    Parking
    1
    Parking features
    Garage
    Basement Y/N
    1
    Appliances
    Refrigerator
    Size
    1,944 SF
    Lot size
    0.26 Acres

    Utilities

    Heating system
    Natural Gas

    Building Details

    Year built
    1957
    Floors in Building
    3
    Number of units
    1
    Roof type
    Shingle
    Architectural style
    Other

    Champagne Real Estate (802) 372-4500 [email protected]

    Listing agent Andrea Champagne (802) 372-4500

    Listing date Nov 9, 2025

    MLS# 5065964 Listing URL

    Copyright © 2025 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Burlington Multi-Family Near UVM

    Located within walking distance of the University of Vermont Medical Center and the University of Vermont College, this multi-family property is currently rented through May 2026, generating an annual income of $48,000. The property is inspected and registered with the city for rental use. Alternatively, it could serve as a single-family home with extra rooms suitable for an in-home office or workout area. A back deck overlooks a spacious backyard. Situated on a 0.26-acre lot, the Comprehensive Development Ordinance enacted by the City in 2025 may allow for the addition of more units, subject to city approval. The property size is 1944 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.1905
    Latitude
    44.4756647

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    FAQs

    What type of property is this?
    Single family property - Multi-family property near UVM, currently rented through May 2026.
    Where is this single family property located?
    The property is located at 246 East Ave Burlington, VT.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Walking distance to the University of Vermont Medical Center and The University of Vermont College.; - Currently rented through May 2026, generating $48,000 annual income.; - Development potential to add more units on the 1/4 acre lot (subject to city approval).
    (802) 372-4500
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    Burlington, VT 05401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    246 East Ave Burlington, VT 05401
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