61 Elmwood Avenue, Burlington, VT 05401

Burlington
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
61 Elmwood Avenue,Burlington, VT 05401
$2,475,000
  • - Beds
  • 16 Baths
  • 8,736 sq. ft.
  • Multi-family
  • Active
Listed by: smith macdonald group
Office: coldwell banker carlson real estate802-253-7358
MLS#:5082249
Source:PrimeMLS

Price summary

  • Price:$2,475,000
  • Price per sq. ft.:$230.19

About this home

The location offers many advantages with its proximity to essential amenities like Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The setup of 16 one-bedroom condos with hardwood flooring and tile, along with off-street parking and laundry facilities, is attractive for tenants. The fact that the property is condominiumized is a significant advantage as it allows potential buyers to sell units individually, which can be a great selling point. Additionally, the ease of renting, managing, and maintaining the property makes it even more appealing. Properties in sought-after areas like this can indeed be rare finds. The location, amenities, and potential for future flexibility could make it a highly desirable investment for real estate investors. The current cap rate is over 8%, with the ability to quickly increase the monthly rents within year one of ownership. Priced well below replacement value and offers potential significant benefits...

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Home facts

  • Year built:1920
  • Listing ID #:5082249
  • Added:4 day(s) ago
  • Updated:April 11, 2026 at 10:31 AM

Rooms and interior

  • Total bathrooms:16
  • Full bathrooms:16
  • Basement Description:Exterior Access, Walk-up
  • Living area:8,736 sq. ft.

Heating and cooling

  • Heating:Baseboard, Electric, Gas Heater

Structure and exterior

  • Roof:Membrane, Standing Seam
  • Year built:1920
  • Building area:8,736 sq. ft.
  • Lot area:0.3 Acres
  • Levels:2 Story

Utilities

  • Sewer:Public Available

Finances and disclosures

  • Price:$2,475,000
  • Price per sq. ft.:$230.19
  • Tax amount:$42,385 (2026)

Features and amenities

  • Amenities:Circuit Breaker(s)

Parking

  • Parking description:Paved Driveway
MLS LogoCopyright 2026 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated April 11, 2026

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