246 East Avenue, Burlington, VT 05401
MULTI_FAMILY - Other - Burlington, VT
- Added:
- Oct 16, 2025
- Days on Market:
- 265
- Last Refresh:
- Jul 7 at 1:06 am
Property Features for 246 East Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RL Lower Intensity
- Rooms
- Basement
- Standard status
- Active
- Size
- 1,944 SF
- Lot size
- 0.26 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 9094
Utilities
- Heating system
- Natural Gas
Building Details
- Year built
- 1957
- Floors in Building
- 3
- Number of units
- 1
- Building materials
- Wood Frame
- Roof type
- Shingle
- Architectural style
- Other
Listing agent Andrea Champagne (802) 372-4500
Listing office Champagne Real Estate 508 Route 2, South Hero, VT (802) 372-4500
Listing date Oct 16, 2025
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
- Wood‑frame construction with natural gas heating and a shingle roof
- Built in 1957
- Currently rented through May 25, 2027, generating $52,800 annual gross income
- Inspected and registered with the city for rental use
- Zoned Residential Lower Intensity; 2025 Comprehensive Development Ordinance may allow more units (city approval required)
- Walking distance to the University of Vermont Medical Center and the University of Vermont College
Overview
The location offers walking distance access to the University of Vermont Medical Center and The University of Vermont College. The City of Burlington enacted a Comprehensive Development Ordinance in 2025, and the documentation provided indicates that ordinance would allow for more units under the property’s current zoning. Any planned increase in units would require submitting and obtaining City approval for development plans.
For tenants, this is an income property with an established rental setup and a known in-place rental term extending through May 25, 2027. For buyers and developers, the combination of RL Lower Intensity zoning and the post-2025 ordinance framework may support future redevelopment, subject to the City’s review and approval process. Showings are available by appointment with 48 hours’ notice.
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Burlington
- County
- Chittenden
- State
- Vermont
- Longitude
- -73.19065
- Latitude
- 44.4756493
