61 Elmwood Ave Burlington, VT 05401
Old North End NeighborhoodEstimated payment $17,316/month
Highlights
- 0.3 Acre Lot
- Level Lot
- Walk-Up Access
- Baseboard Heating
- Wood Siding
About This Home
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.
Listing Agent
Coldwell Banker Carlson Real Estate License #081.0133999 Listed on: 07/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $43,345
Year Built
- Built in 1920
Lot Details
- 0.3 Acre Lot
- Level Lot
Home Design
- Brick Exterior Construction
- Stone Foundation
- Wood Frame Construction
- Membrane Roofing
- Wood Siding
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Basement
- Walk-Up Access
Parking
- Paved Parking
- Off-Street Parking
Location
- City Lot
Utilities
- Baseboard Heating
- Heating System Uses Gas
- Cable TV Available
Community Details
- 16 Units
- Gross Income $262,234
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/22/2025 07/22/25 | For Sale | $2,595,000 | +18.6% | $297 / Sq Ft |
| 09/16/2021 09/16/21 | Sold | $2,187,500 | -1.7% | $300 / Sq Ft |
| 04/10/2021 04/10/21 | Pending | -- | -- | -- |
| 03/18/2021 03/18/21 | For Sale | $2,225,000 | +1.7% | $305 / Sq Ft |
| 09/15/2020 09/15/20 | Off Market | $2,187,500 | -- | -- |
| 04/20/2020 04/20/20 | Price Changed | $2,225,000 | -7.3% | $305 / Sq Ft |
| 02/18/2020 02/18/20 | For Sale | $2,400,000 | -- | $329 / Sq Ft |
Source: PrimeMLS
MLS Number: 5052748
APN: (035) 044-4-049-001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
- 42 Elmwood Ave
- 21-25 Elmwood Ave
- 52 Peru St
- 18 Clarke St Unit 3
- 21-23 N Winooski Ave
- 10-12 Intervale Ave
- 200 Pearl St
- 103 N Champlain St
- 123 N Champlain St
- 94 Park St
- 43 Cedar St
- 65-67 Park St
- 174-176 N Champlain St
- 290-292 North St
- 148-150 Park St
- 197-203 N Winooski Ave
- 35 Cherry St Unit 404
- 35 Cherry St Unit 302
- 26-28 North Ave
- 33 North Ave Unit 12
- 55 Monroe St Unit 3
- 97 N Winooski Ave Unit 4
- 97 N Winooski Ave Unit 1
- 187 Pearl St
- 187 Pearl St
- 187 Pearl St
- 187 Pearl St
- 187 Pearl St
- 187 Pearl St
- 29 N Union St
- 29 N Union St
- 29 N Union St
- 21 N Union St Unit 2
- 11 Loomis St
- 9 Hickok Place
- 11 Hickok Place
- 21 Loomis St
- 21 Loomis St
- 21 Loomis St
- 19 Hickok Place