56 Wright Ave Burlington, VT 05401
South End NeighborhoodEstimated payment $7,237/month
Highlights
- Water Views
- Deck
- Baseboard Heating
- Beach Access
- Lake, Pond or Stream
- Level Lot
About This Home
Incredible opportunity to own a beautifully updated 3-unit property in Burlington’s highly desirable South End, offering stunning views of Lake Champlain from each apartment. This well-maintained building features three one-bedroom units, each thoughtfully upgraded with quality finishes and modern systems. Recent improvements include all new windows, Therma Tru exterior doors, and new flooring throughout. The bathrooms have been tastefully updated with tiled showers, and the property benefits from a new electrical service, upgraded plumbing, and an on-demand hot water system (2026). Additional highlights include energy-efficient mini-split systems, professional insulation for year-round comfort, and newly constructed covered porches with durable Trex decking perfect for taking in the lake views.
Ideally located, this property offers easy access to the Burlington Bike Path, University of Vermont Medical Center, and the vibrant Church Street Marketplace. Enjoy close proximity to the Burlington waterfront, along with an array of local shops, restaurants, and all that downtown Burlington has to offer.A rare opportunity to own a turnkey multi-family property in one of Burlington’s most sought-after neighborhoods.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,060
Year Built
- Built in 1935
Lot Details
- 6,098 Sq Ft Lot
- Level Lot
Home Design
- Concrete Foundation
- Block Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 1,066 Sq Ft Home
- Property has 1.75 Levels
- Water Views
- Basement
- Interior Basement Entry
Flooring
- Carpet
- Laminate
- Vinyl
Parking
- Driveway
- Paved Parking
- Off-Site Parking
Outdoor Features
- Beach Access
- Water Access
- Lake, Pond or Stream
- Deck
Location
- City Lot
Schools
- Champlain Elementary School
- Edmunds Middle School
- Burlington High School
Utilities
- Mini Split Air Conditioners
- Mini Split Heat Pump
- Baseboard Heating
Community Details
Overview
- 3 Units
Building Details
- 3 Leased Units
- Gross Income $69,000
- Net Operating Income $51,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/13/2026 07/13/26 | Off Market | $1,150,000 | -- | -- |
| 07/08/2026 07/08/26 | For Sale | $1,150,000 | 0.0% | $1,079 / Sq Ft |
| 05/26/2026 05/26/26 | Price Changed | $1,150,000 | -23.3% | $1,079 / Sq Ft |
| 05/19/2026 05/19/26 | Price Changed | $1,500,000 | -16.7% | $1,407 / Sq Ft |
| 04/14/2026 04/14/26 | For Sale | $1,800,000 | -- | $1,689 / Sq Ft |
Source: PrimeMLS
MLS Number: 5083392
APN: (035) 052-4-002-000
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Ask me questions while you tour the home.