$3,195,000

21-25 Elmwood Ave Burlington, VT 05401

Old North End Neighborhood

Estimated payment $22,621/month

Total Views 7,554
-- Bed
-- Bath
9,987 Sq Ft
$320 Price per Sq Ft

Highlights

  • 0.26 Acre Lot
  • Level Lot
  • Walk-Up Access
  • Hot Water Heating System

About This Home

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 Agent

Smith Macdonald Group

Coldwell Banker Carlson Real Estate License #081.0133999 Listed on: 07/22/2025

Coldwell Banker Carlson Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $67,182

Year Built

  • Built in 1900

Lot Details

  • 0.26 Acre Lot
  • Level Lot

Parking

  • Paved Parking

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Basement
  • Walk-Up Access

Location

  • City Lot

Utilities

  • Hot Water Heating System
  • Underground Utilities
  • Cable TV Available

Community Details

  • 19 Units
  • Gross Income $336,870

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$67,182

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1900
  • Display On Internet: Cable Internet
  • Architectural Style: Multi-Family
  • ResoLotFeatures: City Lot, Level, Sidewalks
  • Road Frontage Type: Public
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 9987.0
  • Unit Levels: 3
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Basement_Access_Type: Walk-up
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Natural Gas Water Heater
  • Basement: Concrete, Unfinished
  • Basement YN: Yes

Exterior Features

  • Driveway: Paved
  • Roof: Asphalt Shingle
  • Construction Type: Wood Frame, Brick Exterior, Vinyl Exterior
  • Foundation Details: Concrete

Garage/Parking

  • Attached Garage: No

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Natural Gas, Electric, Hot Water
  • Cooling: None
  • Utilities: Cable, Underground Utilities
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: Res-High Den
  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11326.0

Multi Family

  • Gross Income: 336870.0
  • Number Of Units Total: 19

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 67182.2

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2025 07/22/25 For Sale $3,195,000 -- $320 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5052749

PrimeMLS

APN: (035) 044-4-044-000

Vermont Chittenden County Burlington 05401 Old North End

21-25 Elmwood Ave, Burlington, VT

This home is located at 21-25 Elmwood Ave, Burlington, VT 05401 and is currently priced at $3,195,000, approximately $319 per square foot. This property was built in 1900. 21-25 Elmwood Ave is a home located in Chittenden County with nearby schools including Sustainability Academy at Lawrence Barnes, Lyman C. Hunt Middle School, and Burlington Senior High School.

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Smith Macdonald Group
Listing Agent
Smith Macdonald Group
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Coldwell Banker Carlson Real Estate
(802) 896-8868