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Exceptional Investment Opportunity in Colchester This well-maintained multi-family property features four 2-bedroom units, all clean and in excellent condition. With plenty of off-street parking and convenient on-site coin-operated laundry, this building is ideal for both tenants and landlords alike. Zoned GD2, the property is perfectly positioned for short-term rental opportunities as well as many other uses (see documents for details). Three of the units are currently rented below market value, offering immediate potential for increased income. Located with easy access to I-89, and just minutes from Winooski, Essex Junction, and Burlington. Owned by the same landlord since 1970, the property boasts a solid rental history and consistent performance. Don’t miss your chance to own a dependable income-generating asset in one of Colchester’s most accessible locations. †
Property Location
172 College Parkway Colchester
Property Details
List Price 850,000
Bedrooms 8
Garage Size Car
Cooperation Fee Unknown
Total Bathrooms 4
Year Built 1950
MLS# 5049448
Lot Size 0.46 Acres
Taxes $6,541
Type Multi-Family
Days on Market 7 Days
Tax Year 2024
Units 4
Stories 2
Road Frontage 100
Annual Income $67,200
Style
Water Frontage
Annual Expenses $0
Finished 3,128 Sqft
Construction No, Existing
Zoning GD2
Above Grade 3,128 Sqft
Seasonal No
Total Rooms 8
Below Grade 0 Sqft
List Date Jul 1st, 2025
Gross Income $67,200
Operating Expenses $0
Net Income $0
Expenses Includes
Unit 1 2 Beds, 1 Baths, $1,300/Monthly
Unit 2 2 Beds, 1 Baths, $1,800/Monthly
Unit 3 2 Beds, 1 Baths, $1,200/Monthly
Unit 4 2 Beds, 1 Baths, $1,200/Monthly
Construction
BasementWalkout, Walkout
Interior Features
Exterior Features
Exterior
Disability Features
Foundation Slab - Concrete
House Color
Floors Vinyl, Carpet, Tile
Building Certifications
Roof Shingle-Architectural
HERS Index
DirectionsDirectly across from St. Michael's College.
Lot Description, Wooded
Garage & Parking No, Off Street
Road Frontage 100
Water Access
Driveway Paved
Water Type
Flood Zone No
Water Body
Zoning GD2
School District NA
Middle
Elementary
High
Heat Fuel
Excluded
Heating/Cool None, Hot Water, Baseboard
Negotiable
Sewer Public
Parcel Access ROW
Water
ROW for Other Parcel
Water Heater
Financing
Cable Co
Documents
Electric Circuit Breaker
Tax ID 153 048 17566
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† The remarks published on this webpage originate from Listed By Paul Cannizzaro of Cannizzaro Real Estate via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.
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