Two units. Three levels of living. Endless possibilities. A rare opportunity to own a side-by-side duplex in one of Colchester’s desirable lake-area locations. Located on Marble Island Road, this property offers the flexibility of two homes in one, making it an attractive opportunity for both owner-occupants and investors. Each unit offers its own deep one-car garage, deck, green space, designated parking, and plenty of room to spread out, giving each side the feel and functionality of a single-family home. Whether you’re looking to owner-occupy one side while generating rental income from the other, add an income-producing property to your portfolio, or create a comfortable setup for extended or multigenerational living, this property offers flexibility while maintaining privacy and independence for each household. Unit 1-features a well-designed three-level layout with two bedrooms and one-and-a-half baths. The main level welcomes you with a spacious, sun-filled living room, a generous eat-in kitchen and dining area, and a half bath for added convenience. Upstairs, two spacious bedrooms share a full bath, including a generous primary bedroom with plenty of room to settle in. The lower level provides additional flexible space, laundry hookups, and storage. Unit 2-offers the same well-designed main and upper-level layout as Unit 1, but with three bedrooms and one-and-a-half baths. The finished lower level adds the third bedroom, along with additional flexible living space, laundry hookups, and storage. Outside, each unit enjoys its own deck, green space, designated parking, and deep one-car garage. Set on approximately half an acre, the property offers plenty of space to spread out and enjoy the outdoors, along with a small glimpse of the lake. In a sought-after lake-area location close to beaches, recreation, and all that Colchester has to offer, this is a property that gives you options.
Malletts Bay, located between Colchester Point and the Winooski River delta, is a lakeside and residential Burlington neighborhood with a working-marina shoreline and pocket beaches. The neighborhood’s character concentrates around the Malletts Bay Boat Club and the adjacent causeway path, where sail masts, launch ramps, and shoreline walkers set the tempo. Low-slung lake cottages mix with newer townhomes on curving roads that follow the bay’s coves. Bayside Park frames daily routines with a boat launch, picnic lawns, and long lake views. The vibe stays outdoorsy, with paddlesports and sunset watching shaping the calendar. Nearby, the Winooski Causeway adds a long, linear promenade across open water.
Provided by Walk Score and Local Logic
Offer insights
290-292 Marble Island Rd · $799,000
$812K and above
75% chance or better to win
Why $812K+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 13 days.
SALE-TO-LIST
98.2%
Most homes are selling 2% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Full basement with concrete floor, interior access, partially finished storage space and interior stairs
Decks (both units)
Storage space
Bedrooms
One unit with 2 bedrooms
One unit with 3 bedrooms
Bathrooms
Each unit has 2 bathrooms
Kitchen
Dishwasher
Microwave
Electric range
Refrigerator
Laundry & utility
Laundry hookups in each unit
Natural gas water heater and additional water heater off boiler
Flooring
Carpet
Hardwood
Heating & cooling
Natural gas heating
Baseboard heating
Boiler
No central air conditioning
Exterior features
Level lot
Near schools
Paved driveway
Home design
Duplex with split-level design
Existing construction
White exterior color
Parking
2-car garage
Construction
Built in 1992
Wood frame construction with vinyl siding
Asphalt shingle roof
Utilities
Public water
Septic system (1000 gallon tank with leach field, private)
200 Amp electrical service with circuit breakers
Gas on-site
Vermont Gas service
High-speed internet available
Cable available
GMP electric company
Financial info
Property configured as a 2-unit multi-family with annual leases
Electricity and solar
View estimated energy costs and solar savings for this home
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
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Style
Multi-Family (2-4 Unit)
County
Chittenden County
APN
153-048-22010
Parking Spaces
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Basement
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Accessible
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Last updated by owner on Sep 30, 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
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 93° expected this year, 15 days in 30 years
2/10 Wind Factor
1% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Colchester, VT • 05446
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 290-292 Marble Island Rd
$798,468
$532 under list price of $799K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $611K to $848K.