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.
Active
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
Est.:
Multi Family
Built in 1920
-- sqft lot
$-- Zestimate®
$297/sqft
$-- HOA
What's special
Hardwood flooringLaundry facilitiesOff-street parking
- 14 days
- on Zillow |
- 338 |
- 6 |
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#: 5052748

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