21-25 Elmwood AvenueBurlington, VT 05401MLS Number 5052749

Price: $3,195,000
Est. Mortgage of $/month
113 Days on Market

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.

More Info

Tax Information

Tax Year2025

Building

Year Built1900
Building ConstructionWood Frame, Brick Exterior, Vinyl Exterior
StyleMulti-Family
Units19
# of 1 Bedrooms15
# of 2 Bedrooms2
# of 3+ Bedrooms1
BasementConcrete, Unfinished
FoundationConcrete

Amenities

PricePerSqFt319.92

Other

Taxes$67,182.2
Seasonal Y/NNo
Operating Expenses22538
Date Listed07/22/2025
View Count22

Basic Information

StatusActive With Contract
List Price$3,195,000
Date Price Change07/22/2025
MLS Number5052749
MLS StatusActive Under Contract

Property

Acreage0.26
GarageNo
Parking Spaces
Lot DescriptionCity Lot, Level, Sidewalks
Square Feet9,987
APX Fin AG Sqft9,987
Road Frontage75
RoadsPublic
AreaVT-Chittenden

Location

TownBurlington
StateVT
Zip05401
CountyChittenden
ZoningRes-High Den
Address21-25 Elmwood Avenue
Flood Zone Y/NNo

Exterior

RoofAsphalt Shingle

Utilities

Heat SystemNatural Gas, Electric, Hot Water
WaterPublic
Water HeaterNatural Gas Water Heater
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable, Underground Utilities

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. Data last updated November 11, 2025 8:08 PM EST

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21-25 Elmwood AvenueBurlington, VT 05401MLS Number 5052749

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