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  • Listed by: 

    Smith Macdonald Group,

    Coldwell Banker Carlson Real Estate 802-253-7358

    $2,595,000

    61 Elmwood Avenue, Burlington, VT 05401

    --beds
    --baths
    8,736sqft
    : 
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $297/sqft
    $-- HOA

    What's special

    Hardwood flooringLaundry facilitiesOff-street parking
    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.
    14 days
    on Zillow
    |
    338
    |
    6
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    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#: 5052748MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 61 Elmwood Avenue.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Full bathrooms: 16
    Heating
    • Natural Gas, Baseboard, Electric, Gas Heater
    Cooling
    • None
    Appliances
    • Included: Owned Water Heater
    Features
    • Basement: Exterior Entry,Walk-Up Access
    Interior area
    • Total structure area: 10,752
    • Total interior livable area: 8,736 sqft
    • Finished area above ground: 8,736
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Paved, Off Street, Parking Spaces 11 - 20
    Features
    • Levels: Two
    • Frontage length: Road frontage: 75
    Lot
    • Size: 0.3 Acres
    • Features: City Lot, Level, Sidewalks
    Details
    • Parcel number: 11403515367
    • Zoning description: Res-High Den

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Wood Frame, Brick Exterior, Vinyl Siding, Wood Siding
    • Foundation: Stone
    • Roof: Membrane,Standing Seam
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

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

    Community & HOA

    Location
    • Region: Burlington

    Financial & listing details

    • Price per square foot: $297/sqft
    • Tax assessed value: $109,900
    • Annual tax amount: $43,345
    • Date on market: 7/22/2025
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