246 East Ave Burlington, VT 05401

Building Details

Year Built

1957

Listing Agency Champagne Real Estate a***@andreachampagne.com Show Phone

Listed by Andrea Champagne Show Phone

Source Elliman

Added: Mar 12 Checked: Jul 19 at 6:00 am

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Investment Insights

Based on property information with market context.

This residential income property is located within walking distance of the University of Vermont Medical Center and The University of Vermont College. The property is currently rented through May 31st 2026, generating an annual gross income of $48,000. A new lease has been signed for the period of June 1st 2026 through May 31st 2027, which will generate an annual gross income of $54,000. The property has been inspected and registered with the city for rental use. The Comprehensive Development Ordinance enacted by the City in 2025 allows for the development of more units, as the property is zoned Residential Lower Intensity. Any development plans would need to be submitted to and approved by the City of Burlington. Showings are available by appointment.

Key Highlights

• Development potential with Residential Lower Intensity zoning.
• Currently generating substantial rental income: $48,000 annually through May 31st, 2026, increasing to $54,000 annually from June 1st, 2026, through May 31st, 2027.
• Prime location within walking distance to the University of Vermont Medical Center and The University of Vermont College.

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FAQs

What type of property is this?

Residential income property - Income-generating property near the University of Vermont Medical Center.

Where is this residential income property located?

The property is located at 246 East Ave Burlington, VT.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Development potential with Residential Lower Intensity zoning.; Currently generating substantial rental income: $48,000 annually through May 31st, 2026, increasing to $54,000 annually from June 1st, 2026, through May 31st, 2027.; Prime location within walking distance to the University of Vermont Medical Center and The University of Vermont College.