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.
Active
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
Est.:
Multi Family
Built in 1900
-- sqft lot
$3,056,500 Zestimate®
$320/sqft
$-- HOA
What's special
- 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#: 5052749

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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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