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Burlington Duplex Near Winooski

460-462 Colchester Avenue Burlington, VT 05401

460-462 Colchester Avenue, Burlington, VT, 05401
$600,000
For Sale
Claim this Listing
$600,000

Turn-key duplex near amenities and colleges, ideal for investment.

Property Size2,136 SF
Price / SF$280.90
AddedMar 18
Days on Market120
Last RefreshJul 4 at 11:34 am

Property Features for 460-462 Colchester Avenue

General Information

Standard status
Active
Size
2,136 SF
Property subtype
Multi Family

Building Details

Year Built
1900

Listing office Coldwell Banker Hickok and Boardman

Listing date Mar 18, 2026

Source Compass

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 Coldwell Banker Hickok and Boardman


Investment Insights

Based on property information with market context.

This turn-key duplex in Burlington presents an investment opportunity or owner-occupancy potential. The property is located near the dining, nightlife, and shopping of Winooski, with access to UVM, Champlain College, St. Michael’s College, and UVM Medical Center. The first-floor apartment includes 2 bedrooms, a full bath, an open living area, and a kitchen with stainless-steel appliances, storage, and counter space. It also has access to a full basement with in-unit laundry. The upper unit, spanning the second and third floors, features 2 bedrooms, a third-floor flex space, a living room, and a kitchen with stainless steel appliances and storage. Outdoor features include a covered porch with city views of Winooski, a backyard with a patio, and a storage shed. Each unit has its own washer and dryer, two off-street parking spaces, and a bus stop in front of the property.

Key Highlights

  • Strong investment potential or owner‑occupy opportunity in a turn‑key duplex.
  • Prime location near Winooski's dining, nightlife, and shopping, with easy access to universities and UVM Medical Center.
  • Each unit features updated stainless‑steel appliances, ample storage, and in‑unit laundry.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $34.1k $15.96
− Vacancy −$389 −$0.18
EGI $33.7k $15.78
− OpEx −$10.1k −$4.73
NOI $23.6k $11.04
2,136 SF · lease $15.96/SF/yr · vacancy 1.14% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$337.0K
$294.9K – $393.2K (±1% cap)
NOI $23,591 @ 7.0% cap · market cap 3.93%
Second Best
Apartment 5plus
$298.5K
$261.2K – $348.2K (±1% cap)
NOI $20,893 @ 7.0% cap · market cap 3.48%
Theoretical Best
Office A
$585.9K
$512.6K – $683.5K (±1% cap)
NOI $41,011 @ 7.0% cap · market cap 6.84%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Real Estate Agency Law Firm Auto Parts Store Nail Salon (Bike/Boat/Book/etc) Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Barber Shop Electrical Service HVAC Service

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

FAQs

What type of property is this?
Duplex - Turn-key duplex near amenities and colleges, ideal for investment.
Where is this duplex located?
The property is located at 460-462 Colchester Avenue Burlington, VT.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Strong investment potential or owner‑occupy opportunity in a turn‑key duplex.; Prime location near Winooski's dining, nightlife, and shopping, with easy access to universities and UVM Medical Center.; Each unit features updated stainless‑steel appliances, ample storage, and in‑unit laundry.
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