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.
Closed
Listed by: Cannizzaro Real Estate
Bought with: Cannizzaro Real Estate
$800,000
172 College Parkway, Colchester, VT 05446
8beds
3,128sqft
Multi Family
Built in 1950
-- sqft lot
$822,500 Zestimate®
$256/sqft
$2,318 Estimated rent
Home value
$822,500
$748,000 - $905,000
$2,318/mo
Zestimate® history
Owner options
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$4,302/mo
Est. payment
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Est. payment
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Coin-operated laundryOff-street parking
Zillow last checked:
Listing updated:
Listed by:
Paul Cannizzaro,
Cannizzaro Real Estate 802-862-9700
Bought with:
Paul Cannizzaro
Cannizzaro Real Estate
Source: PrimeMLS,MLS#: 5049448
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Tile, Vinyl
- Basement: Walkout,Walk-Out Access
Interior area
- Total structure area: 3,328
- Total interior livable area: 3,128 sqft
- Finished area above ground: 3,128
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, Off Street
Features
- Levels: Two
- Exterior features: Deck, Garden
- Frontage length: Road frontage: 100
Lot
- Size: 0.46 Acres
- Features: Level, Wooded
Details
- Parcel number: 15304817566
- Zoning description: GD2
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Concrete Slab
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 1950
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & neighborhood
Location
- Region: Colchester
Price history
| Date | Event | Price |
|---|---|---|
| 9/25/2025 | Sold | $800,000-5.9%$256/sqft |
Source:  PrimeMLS #5049448 Report a problem | ||
| 8/23/2025 | Contingent | $850,000$272/sqft |
Source: PrimeMLS #5049448 Report a problem | ||
| 7/1/2025 | Listed for sale | $850,000$272/sqft |
Source: PrimeMLS #5049448 Report a problem | ||
| 3/1/2019 | Listing removed | $1,200 |
Source: Cannizzaro Real Estate #4729613 Report a problem | ||
| 12/5/2018 | Listed for rent | $1,200 |
Source: Cannizzaro Real Estate #4729613 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | -- |
| 2023 | -- | -- |
| 2022 | -- | -- |
| 2021 | -- | -- |
| 2020 | -- | -- |
| 2019 | -- | -- |
| 2018 | -- | -- |
| 2017 | $5,137 | $240,400 |
| 2016 | -- | $240,400 +9900% |
| 2015 | -- | $2,404 |
| 2014 | -- | $2,404 |
| 2013 | -- | $2,404 |
| 2012 | -- | $2,404 |
| 2011 | -- | $2,404 +49.5% |
| 2010 | -- | $1,608 |
| 2009 | -- | $1,608 |
| 2008 | -- | $1,608 |
| 2007 | -- | $1,608 |
| 2006 | -- | $1,608 |
Find assessor info on the county website
Neighborhood: 05446
Nearby schools
GreatSchools rating
- 8/10Malletts Bay SchoolGrades: 3-5Distance: 3.7 mi
- 8/10Colchester Middle SchoolGrades: 6-8Distance: 3.9 mi
- 9/10Colchester High SchoolGrades: 9-12Distance: 3.9 mi
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$822,500
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- Vermont
- Chittenden County
- Colchester
- 05446
- 172 College Parkway
Nearby cities
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