61 Elmwood AvenueBurlington, VT 05401MLS Number 5052748

Price: $2,495,000
Est. Mortgage of $/month
187 Days on Market

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.

More Info

Tax Information

Tax Year2025

Building

Year Built1920
Building ConstructionWood Frame, Brick Exterior, Vinyl Siding, Wood Siding
StyleMulti-Family
Units16
# of 1 Bedrooms16
BasementExterior Access
FoundationStone

Amenities

PricePerSqFt285.6

Other

Taxes$43,345.28
Seasonal Y/NNo
Operating Expenses15403
Date Listed07/22/2025
View Count20

Basic Information

StatusACT
List Price$2,495,000
Date Price Change01/09/2026
MLS Number5052748
MLS StatusActive

Property

Acreage0.3
GarageNo
Parking Spaces
Lot DescriptionCity Lot, Level, Sidewalks
Square Feet8,736
APX Fin AG Sqft8,736
Road Frontage75
RoadsPublic
AreaVT-Chittenden

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningRes-High Den
Address61 Elmwood Avenue
Flood Zone Y/NNo

Exterior

RoofMembrane, Standing Seam

Utilities

Heat SystemNatural Gas, Baseboard, Electric, Gas Heater
WaterPublic
Water HeaterOwned Water Heater
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable

Copyright 2026 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. Data last updated January 24, 2026 4:53 PM EST

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61 Elmwood AvenueBurlington, VT 05401MLS Number 5052748

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