Listed by Jonathon Templeton • KW Vermont. Bought with Geri Reilly Real Estate.
Off Market Jun 2021 for $500K
$688,894
Est. refi paymentEst. refi$3,140/mo
4
bd
•
4 ba
•
3,960
sq ft
386-388 Marble Island Rd, Colchester, VT 05446
About this home
Located just a few blocks from the shores of Lake Champlain's Mallet's Bay, this Colchester duplex is an excellent investment opportunity. An established rental property with separate utilities, detached garage and additional parking, each unit features three finished floors and a private back deck. Both units feature two bedrooms and an additional office on the top level, with bathrooms on each floor - two full-sized and one half-bath. Large finished basements provide ample room for storage or additional entertainment space. Unit 2 has an updated kitchen and both feature washer/dryer hook-ups. Currently rented on a month-to-month basis at a below-market rate, with room to increase rental income. Unit 2 tenants vacate on June 1st, making for the potential to Owner Occupy. Lake and land recreation areas are easily accessible, with several nearby beaches and Burlington's bike path just a short distance away. Showings begin Friday, 4/16.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
4
Baths
5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.47 Acres
Year renovated
1994
Sq. Ft.
2,680
Year built
1988
Style
Other
County
Chittenden County
APN
15304818413
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 15, 2026.
R2
Residential Two District
A Residential Two District is hereby formed in order to encourage medium density residential uses. This district is primarily located in developed areas with existing suburban residential. Any use not expressly permitted is prohibited, except those that are allowed as conditional uses.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Bed & breakfast
Recreation
Property details
Parking
Parking & Garage
Garage Capacity: 2
Location: Detached
Interior
Basement Information
Basement: Yes
Basement Access: Interior
Exterior
Building Information
Construction Status: Existing
Approximate Sq. Ft. Total Finished: 3960
Approximate Sq. Ft. Total: 3960
Color: Beige
Lot, Zoning, & Easement Information
Interior Lot, Level, Wooded
Survey Information
Surveyed: Unknown
Boat, Moorage, and Water Information
Water Body Name: Lake Champlain
Other Property & Lot Information
Year Built: 1988
Water View: No
Water View: N
Waterfront: No
Water Body Name: Champlain Lake
Water Body Access: Yes
Beach Access, Cross a Street to Access, Indirect, Not Adjoining, Other, Right of Way
Appliances Included, Deck, Dishwasher, Heat - Natural Gas, Laundry Hookup, Range - Electric, Refrigerator, Water Heater
Unit 1 Lease Term: Month to Month
Unit 1 Level Number: 2 Story
Unit 1 Rooms: 5
Unit 1 Style: Townhouse Style
Unit 2 Information
Unit 2 Approximate Sq. Ft.: 1980
Unit 2 Baths: 3
Unit 2 Bedrooms: 2
Appliances Included, Deck, Dishwasher, Heat - Natural Gas, Laundry Hookup, Range - Electric, Refrigerator, Water Heater
Unit 2 Level Number: 2 Story
Unit 2 Rooms: 5
Unit 2 Style: Townhouse Style
School Information
School District: Colchester School District
Elementary School: Malletts Bay Elementary School
Elementary School: Malletts Bay Elementary School
Middle/Jr School: Colchester Middle School
Road Information
Road Frontage: Yes
Road Frontage Length: 159
Public
Other Location Information
Directions: Take Route 127 from Burlington (turns into Prim Road) all the way to the end. Take a left onto West Lakeshore Drive. Take your first right onto Marble Island Road. Continue straight, property is on your right after Ledge Road.
Public facts
Beds: 4
Baths: 5.0
Sq. Ft.: 2,680
Stories: 2.0
Lot Size: 0.47 acres
Style: Other
Year Built: 1988
Year Renovated: 1994
County: Chittenden County
APN: 15304818413
Home facts updated by county records on Jul 15, 2026
Other
Expense Information
Operating Expenses Include: Insurance, Maintenance, Snow, Trash, Water