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    Renovated Multi-Family Portfolio, Burlington Title is generated by Realmo AI

    252-260 College Street, Burlington, VT 05401

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    For Sale
    $6,950,000

    Multi-Family - Burlington, VT

    Property size:
    16,481 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $421/SF
    Added:
    Apr 10, 2026
    Days on Market:
    52
    Last Refresh:
    May 31 at 9:06 am

    Property Features for 252-260 College Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Downtown
    Rooms
    Basement
    Parking
    14
    Parking features
    Gated, Paved or Surfaced
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    16,481 SF
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Year
    2026
    Tax Annual Amount
    73653

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas
    Cooling system
    Zoned

    Building Details

    Year built
    1906
    Floors in Building
    2
    Number of units
    17
    Flooring type
    Carpet, Hardwood, Laminate, Tile, Vinyl
    Architectural style
    Other

    We can help!

    Listing Contact
    Robert Foley

    Listing agent Robert Foley

    Listing office Flat Fee Real Estate 26 Hillcrest Road, Burlington, VT

    Listing date Apr 10, 2026

    MLS# 5083112 Listing URL

    Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Fully renovated, income‑producing multi‑building portfolio in Burlington's desirable Downtown Center (FD5) zoning district.
    • Combined 20 residential units with 48 total bedrooms, positioned for strong rental demand.
    • Comprehensive unit‑by‑unit gut renovation completed in 2025/2026 with modern systems and finishes.
    • Significant capital improvements including secure gated access, camera system, exterior lighting, and upgraded common amenities.
    • Prime location near downtown amenities, employment, and universities.
    • Diversified unit mix, separately metered electric, and significant recent capital investment minimizing near‑term expenses.

    Overview

    Located in Burlington, Vermont, the properties at 252 and 260 College Street offer a combined 20 residential units with 48 total bedrooms. Situated in the Downtown Center zoning district, the portfolio is positioned for rental demand and long-term appreciation. The building at 260 College Street, originally built in 1906, features 14 units with 45 beds and high ceilings up to 18 feet. A comprehensive renovation, completed in 2026, includes new kitchens, baths, electrical, plumbing, and a sprinkler system. Additional improvements include secure gated access, a camera system, exterior lighting, and upgraded common amenities. The building at 252 College Street offers 3 units renovated in 2025 from office to residential use, each featuring modern finishes, in-unit laundry, and separate boilers. Together, the properties provide a diversified unit mix, separately metered electric, and recent capital investment across all major systems. The property size is 16,481 square feet on a 0.37-acre lot. The properties are located near downtown amenities, employment opportunities, and universities, offering stable occupancy and rent growth. The property is intended for use as a multi-family residential rental property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.2099276
    Latitude
    44.4774439

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    FAQs

    What type of property is this?
    Apartment building - Income-producing multi-building portfolio in Burlington's desirable Downtown Center.
    Where is this apartment building located?
    The property is located at 252-260 College Street Burlington, VT.
    What is the asking price?
    The asking price for this property is $6,950,000.
    What are key features of this property?
    This property features: Fully renovated, income‑producing multi‑building portfolio in Burlington's desirable Downtown Center (FD5) zoning district.; Combined 20 residential units with 48 total bedrooms, positioned for strong rental demand.; Comprehensive unit‑by‑unit gut renovation completed in 2025/2026 with modern systems and finishes.
    (802) 318-0833
    We can help!
    Listing Contact
    Robert Foley
    Request Owner's contact information
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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