$3,195,000

21-25 Elmwood Avenue, Burlington, VT 05401

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1900
  • Property Lot Size Icon0.26acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

This listing courtesy of Smith Macdonald Group, Coldwell Banker Carlson Real Estate

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.

Listing Status:
Active
Date Added:
July 22, 2025 at 05:00AM
Listing Office:
Coldwell Banker Carlson Real Estate : 802-253-7358
Listing Agent:
Smith Macdonald Group : 802-375-5009
MLS ID:
5052749
  • Appliances: Natural Gas Water Heater
  • Basement: ConcreteUnfinished
  • A/C: None
  • Heating: Natural GasElectricHot Water

This listing courtesy of Smith Macdonald Group, Coldwell Banker Carlson Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

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