21-25 Elmwood Avenue, Burlington, VT 05401
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
21-25 Elmwood Avenue,Burlington, VT 05401
$3,195,000
- - Beds
- - Baths
- 9,987 sq. ft.
- Multi-family
- Active
Listed by:smith macdonald group
Office:coldwell banker carlson real estate
MLS#:5052749
Source:PrimeMLS
Price summary
- Price:$3,195,000
- Price per sq. ft.:$218.01
About this home
A 19-unit multi-family property in the heart of downtown Burlington, adjacent to the Federal Building/Post Office and within a block of Church Street, holds immense value due to its prime location. The consistent lack of vacancies speaks volumes about the desirability of these units, indicating a strong demand from potential tenants. The property's composition, including a stand-alone single-family 3-bedroom carriage house and the main building with 18 units (one used as a maintenance office), offers diversity and potential for different rental strategies. Moreover, the recent updates, such as the new boiler and hot water tanks, demonstrate a commitment to maintenance and modernization, making the property even more attractive to potential buyers. Given the scarcity of properties of this size and caliber in such a prime location, this opportunity could be highly sought-after by investors looking to capitalize on a stable, income-generating asset in downtown Burlington. Already over an 8% cap rate with easy room for improvement.
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Home facts
- Year built:1900
- Listing ID #:5052749
- Added:67 day(s) ago
- Updated:September 28, 2025 at 10:17 AM
Rooms and interior
- Living area:9,987 sq. ft.
Heating and cooling
- Heating:Electric, Hot Water
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1900
- Building area:9,987 sq. ft.
- Lot area:0.26 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$3,195,000
- Price per sq. ft.:$218.01
- Tax amount:$67,182 (2025)
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