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  • Listed by: 

    Smith Macdonald Group,

    Coldwell Banker Carlson Real Estate 802-253-7358

    $3,195,000

    21-25 Elmwood Avenue, Burlington, VT 05401

    --beds
    --baths
    9,987sqft
    : 
    Multi Family
    Built in 1900
    -- sqft lot
    $3,056,500 Zestimate®
    $320/sqft
    $-- HOA

    What's special

    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.
    11 days
    on Zillow
    |
    268
    |
    10
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 22, 2025 at 08:37am

    Listed by:

    Smith Macdonald Group,

    Coldwell Banker Carlson Real Estate 802-253-7358

    Source: PrimeMLS,MLS#: 5052749MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 21-25 Elmwood Avenue.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Heating
    • Natural Gas, Electric, Hot Water
    Cooling
    • None
    Appliances
    • Included: Natural Gas Water Heater
    Features
    • Basement: Concrete,Unfinished,Walk-Up Access
    Interior area
    • Total structure area: 14,655
    • Total interior livable area: 9,987 sqft
    • Finished area above ground: 9,987
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved
    Features
    • Levels: 3
    • Frontage length: Road frontage: 75
    Lot
    • Size: 0.26 Acres
    • Features: City Lot, Level, Sidewalks
    Details
    • Zoning description: Res-High Den

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Brick Exterior, Vinyl Exterior
    • Foundation: Concrete
    • Roof: Asphalt Shingle
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Cable, Underground Utilities

    Community & HOA

    Location
    • Region: Burlington

    Financial & listing details

    • Price per square foot: $320/sqft
    • Annual tax amount: $67,182
    • Date on market: 7/22/2025
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