Updated Duplex with Separate
For Sale
$714,900
Pending
2537 Malletts Bay AVE, Colchester, VT 05446
Two distinct living units offer flexible owner-occupancy or rental use, with private outdoor areas and a detached two-bay garage.
Property Size3,207 SF
Lot Size0.75 Acres
Days on Market174
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 2537 Malletts Bay AVE
General Information
Standard status
Pending
Size
3,207 SF
Total Parking Spaces
2
Lot size
0.75 Acres
Property subtype
Multi-Family
Zoning
rez
Units
Unit Mix
1 x 4BR/2.5BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
Mitsubishi Mini Split
washer and dryer
landscaping
privacy fencing
Building Details
Building Size
3,207 SF
Year Built
1968
Stories
1
Listing Agency:
RE/MAX North Professionals
Listed By:
Mikail Stein
(802) 760-7517
Source:
Hometown-team
Added: Apr 25
Changed: Sep 10
Last Checked: Aug 30 at 3:08PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX North Professionals
Investment Insights
Based on property information with market context.
This 1968 duplex contains 3,207 finished square feet across two separate units, with six bedrooms and four bathrooms in total. The larger residence provides more than 2,600 square feet, split-level living, four bedrooms, and a primary bedroom with a private half bath. The second unit includes two bedrooms, vaulted ceilings, a full bathroom, and its own washer and dryer. Each garage bay is separately configured for the two-car garage.
Recent improvements include kitchen cabinetry, lighting, appliances, a full bathroom, Mitsubishi Mini Split, laundry equipment, interior trim, paint, chimney liner, front-window repairs, landscaping, and serviced gas heaters. The nearly three-quarter-acre property has two private yards divided by privacy fencing. Zoning is listed as rez.
The property is 1.3 miles from the Winooski circle, 3.8 miles from Burlington’s Church Street, and 3 miles from Lake Champlain’s Bayside Park in Colchester. Skiing is described as being within 30 minutes.
Recent improvements include kitchen cabinetry, lighting, appliances, a full bathroom, Mitsubishi Mini Split, laundry equipment, interior trim, paint, chimney liner, front-window repairs, landscaping, and serviced gas heaters. The nearly three-quarter-acre property has two private yards divided by privacy fencing. Zoning is listed as rez.
The property is 1.3 miles from the Winooski circle, 3.8 miles from Burlington’s Church Street, and 3 miles from Lake Champlain’s Bayside Park in Colchester. Skiing is described as being within 30 minutes.
Key Highlights
- 3,207 finished square feet with 6 total bedrooms and 4 total baths
- Two separate living units, including a larger 2,600sqft+ residence
- Nearly 3/4‑acre parcel with 2 private yards divided by privacy fencing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,420
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,400
$708.4K
Cap Rate 7%
$506,000
$506.0K
Cap Rate 9%
$393,556
$393.6K
Market Conditions
NOI Build-Up for 3,207 SF
Gross rent
$51.2K $15.96/SF
− Vacancy
−$583 −$0.18/SF
EGI
$50.6K $15.78/SF
− OpEx
−$15.2K −$4.73/SF
NOI
$35.4K $11.04/SF
Area
Chittenden County, VT
Vacancy
1.14%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$708,400
Cap Rate 7%
$506,000
Cap Rate 9%
$393,556
Alternative Uses
Best Use
Multifamily LT 5
$506.0K
$442.8K – $590.3K
NOI $35,420 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$448.1K
$392.1K – $522.8K
NOI $31,368 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$879.6K
$769.7K – $1.03M
NOI $61,574 @ 7.0% cap · market cap 8.61%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 05446, VT
16,081
Population
7,679
Households
2.1
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
36.6 sq mi
ZIP Area
439
Density / Sq Mi
$97,442
Median Household Income
$52,101
Median Earnings
$1,323
Median Rent
$357,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two distinct living units offer flexible owner-occupancy or rental use, with private outdoor areas and a detached two-bay garage.
Where is this duplex located?
The property is located at 2537 Malletts Bay AVE Colchester, VT.
What is the asking price?
The asking price for this property is $714,900.
What are key features of this property?
This property features: 3,207 finished square feet with 6 total bedrooms and 4 total baths; Two separate living units, including a larger 2,600sqft+ residence; Nearly 3/4‑acre parcel with 2 private yards divided by privacy fencing
