Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    2537 Malletts Bay Avenue Colchester, VT 05446

    View on Map
    Claim this Listing
    New
    For Sale
    $714,900

    Multi-Family - Colchester, VT

    Property size:
    3,207 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $222/SF
    Added:
    May 7, 2026
    Days on Market:
    2
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 2537 Malletts Bay Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    rez
    Bedrooms
    6
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    2
    Parking features
    Garage, Paved or Surfaced
    EntryLevel
    Unit 1: 1 And B,Unit 2: 1
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    Size
    3,207 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    6451.95

    Utilities

    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Zoned

    Building Details

    Year built
    1968
    Floors in Building
    1.5
    Number of units
    2
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Mikail Stein

    Listing agent Mikail Stein

    Listing office RE/MAX North Professionals 553 Roosevelt Highway, Colchester, VT

    Listing date May 7, 2026

    MLS# 5087582 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

    • Potential for $56,000/year net profit with a 7.86% CAP rate, making it a strong investment opportunity.
    • Two separate units: a larger unit (2600+ sqft) with 4 bedrooms and 2.5 baths, and a smaller unit with 2 bedrooms and 1 bath.
    • $150,000 in recent updates, including a renovated kitchen, new full bath, Mitsubishi Mini Split, new washer and dryer, and more.
    • Desirable location: close to Winooski (1.3 miles), Burlington (3.8 miles), Lake Champlain (3 miles), and skiing (30 minutes).
    • Spacious property with over 3200 finished sqft, 6 bedrooms, and 4 bathrooms.
    • Two‑car garage with separate bays and a large lot (almost 3/4 acre) divided into two private yards with privacy fencing.

    Overview

    Updated Multifamily Property Near Amenities

    This Colchester multifamily property features over 3200 finished square feet, offering a total of 6 bedrooms and 4 bathrooms. Recent updates totaling $150,000 include a renovated kitchen with new cabinets, lighting, and appliances, a new full bath, the addition of a Mitsubishi Mini Split, new washer and dryer, updated trim and painting throughout, recently serviced gas heaters, a new chimney liner, removal and repair of drop ceilings, replacement of the front window, and landscaping improvements. The larger unit, spanning over 2600 square feet, provides split-level living with 4 bedrooms and 2.5 baths, including a primary bedroom with a half bath. The smaller unit features vaulted ceilings, 2 bedrooms, a full bath, and its own washer and dryer. A 2-car garage is configured with separate bays. The property sits on almost 0.75 acres, divided into two private yards separated by privacy fencing. The property is located approximately 1.3 miles from the Winooski circle and 3.8 miles from Burlington's Church Street. Lake Champlain's Bayside Park in Colchester is 3 miles away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Colchester
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.1999405
    Latitude
    44.5046739

    Nearby Similar for Sale

    • $590,000

      Colchester Commercial Property For Sale

      Commercial property with shop, warehouse, and office space in Colchester.
      46 Troy Avenue, Colchester, VT 05446
      View Details
    • $975,000
      15,224 SF

      Fort Ethan Allen Mini Storage

      Well-positioned, 126-unit self-storage facility with upside potential.
      120 Hegeman Ave, Colchester, VT 05446
      View Details
    • $589,000

      Colchester Duplex on Spacious Lot

      Well-maintained duplex on a private lot near Colchester Pond.
      541 Sand Rd, Colchester, VT 05446
      View Details
    • $900,000
      3,520 SF

      Spacious Colchester Quadplex Near Recreation

      Four units, seven bedrooms, desirable location near amenities.
      205 Blakely Road, Colchester, VT 05446
      View Details
    • $3,850,000
      6,690 SF

      Colchester Office Space For Rent

      First floor office space with flexible layout near I-89.
      553 Roosevelt Hwy, Colchester, VT
      View Details
    • $5,147,617
      13,320 SF

      Colchester Commercial Property For Sale

      Commercial property with long-term absolute NNN lease in Colchester, VT.
      69 Mountain View Dr, Colchester, VT 05446
      View Details
    • $695,000
      2,720 SF

      Colchester Office Condo For Sale

      Office condo with existing tenant and owner-occupancy suite.
      19 Roosevelt Hwy, Colchester, VT
      View Details

    FAQs

    What type of property is this?
    Duplex - Colchester multifamily property with updates, investment potential, and convenient location.
    Where is this duplex located?
    The property is located at 2537 Malletts Bay Avenue 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: Potential for $56,000/year net profit with a 7.86% CAP rate, making it a strong investment opportunity.; Two separate units: a larger unit (2600+ sqft) with 4 bedrooms and 2.5 baths, and a smaller unit with 2 bedrooms and 1 bath.; $150,000 in recent updates, including a renovated kitchen, new full bath, Mitsubishi Mini Split, new washer and dryer, and more.
    (802) 760-7517
    We can help!
    Listing Contact
    Mikail Stein
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2537 Malletts Bay Avenue, Colchester, VT 05446
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!