Two-Level Condominium with Walkout
For Sale
$849,000
552 Michael Ln, Williston, VT 05495
A first-floor primary suite, flexible office space, and attached garage complement the open main-level living area.
Property Size2,644 SF
Price / SF$321.10
Days on Market8
Property Features for 552 Michael Ln
General Information
Standard status
Active
Size
2,644 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
Residential
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$11,932
Amenities
gas fireplace
covered balcony deck
central AC
hardwood floors
granite countertops
upgraded appliances
custom cabinetry
walk-in closets
soaking tub
office/den
flex room
epoxy floors in garage
trails
Building Details
Year Built
2015
Listing Agency:
KW Vermont
Listed By:
Erin McCormick
(802) 989-2390
Source:
Thepaulmartinteam
Added: Oct 7
Last Checked: Oct 12 at 7:19PM
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 KW Vermont
Investment Insights
Based on property information with market context.
This two-level condominium offers 2,644 square feet of finished living space, with three bedrooms and two-and-a-half baths. The main floor brings the kitchen, dining area, and living room together, with hardwood flooring, granite counters, custom cabinetry, upgraded appliances, and a gas fireplace. A covered balcony extends the living area outdoors. The first-floor primary suite includes a walk-in closet and a bath with soaking tub; a separate office or den adds flexibility. Two additional bedrooms, a full bath, and a flex room occupy the upper level. A full walkout basement has 9-foot ceilings, and the attached garage accommodates two vehicles. Built in 2015, the home also has central AC.
The condominium is set within 38 acres of wooded common land, with trails linking to the Allen Brook Trail and Williston Bike Path. Nearby amenities include shopping, dining, recreation, and golf.
The condominium is set within 38 acres of wooded common land, with trails linking to the Allen Brook Trail and Williston Bike Path. Nearby amenities include shopping, dining, recreation, and golf.
Key Highlights
- 2,644 square feet of finished living space across two levels
- Three bedrooms and two‑and‑a‑half baths, including a first‑floor primary suite
- Full walkout basement with 9‑foot ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,861
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,220
$517.2K
Cap Rate 7%
$369,443
$369.4K
Cap Rate 9%
$287,344
$287.3K
Market Conditions
NOI Build-Up for 2,644 SF
Gross rent
$47.6K $18.00/SF
− Vacancy
−$571 −$0.22/SF
EGI
$47.0K $17.78/SF
− OpEx
−$21.2K −$8.00/SF
NOI
$25.9K $9.78/SF
Area
Chittenden County, VT
Vacancy
1.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,220
Cap Rate 7%
$369,443
Cap Rate 9%
$287,344
Alternative Uses
Best Use
Apartment 5plus
$369.4K
$323.3K – $431.0K
NOI $25,861 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$725.2K
$634.6K – $846.1K
NOI $50,765 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
52
Businesses Nearby
Explore this area
Business Placement
Demographics for 05495, VT
10,897
Population
5,070
Households
2.1
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
34.3 sq mi
ZIP Area
318
Density / Sq Mi
$105,768
Median Household Income
$60,590
Median Earnings
$1,752
Median Rent
$431,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A first-floor primary suite, flexible office space, and attached garage complement the open main-level living area.
Where is this residential income property located?
The property is located at 552 Michael Ln Williston, VT.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: 2,644 square feet of finished living space across two levels; Three bedrooms and two‑and‑a‑half baths, including a first‑floor primary suite; Full walkout basement with 9‑foot ceilings
