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 a 8% cap rate with easy room for improvement.
Property Details
Property Features
Property Information:
Year Built: 1900
Stories: 2
Living Area: 9,987 SqFt
Listing Office:
Office Name: Coldwell Banker Carlson Real Estate
Office Phone: (802) 253-7358
Listing Agent: Smith Macdonald Group
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.26 Acres
Utilities
Utilities Information:
Heating: Hot Water
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $2,925,000
Price Per SqFt: $293/SqFt
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Housing Market Comparison
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Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 2:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Sustainability Academy At Lawrence Barnes
123 North St
Distance between this listing and this school0.28 miles
Public Magnet Grades PK-5
3
/10
Integrated Arts Academy At H. O. Wheeler
6 Archibald St
Distance between this listing and this school0.49 miles
Public Magnet Grades PK-5
4
/10
Edmunds Elementary School
299 Main St
Distance between this listing and this school0.51 miles
Public District Grades KG-5
Nearby Schools
3
/10
Edmunds Middle School
275 Main St
Distance between this listing and this school0.48 miles
Public District Grades 6-8
2
/10
Winooski Middle School
80 Normand St
Distance between this listing and this school2.16 miles
Public District Grades 6-8
7
/10
Frederick H. Tuttle Middle School
550 Dorset St
Distance between this listing and this school2.55 miles
Public District Grades 6-8
Nearby Schools
4
/10
Burlington Senior High School
52 Institute Rd
Distance between this listing and this school1.48 miles
Public District Grades 9-12
1
/10
Winooski High School
80 Normand St
Distance between this listing and this school2.16 miles
Public District Grades 9-12
9
/10
South Burlington High School
550 Dorset St
Distance between this listing and this school2.23 miles
The neighbors living near this home have an average income of $21,083. The most common annual income of people living in Burlington, VT is less than $35k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 21-25 Elmwood Ave
What is the listing price of this property?
The listing price of 21-25 Elmwood Ave property is $2,925,000.
What type of property is this?
The property 21-25 Elmwood Ave is land located in Burlington, Vermont, 05401.
Is this property for sale now?
Active Listing: 21-25 Elmwood Ave is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 21-25 Elmwood Ave in Burlington, VT and zip code 05401 in the Old North End neighborhood. This 9,987 square foot home, which was built in 1900, sits on a 0.26 acre lot. It has been listed on Rocket Homes since December 16, 2023 and is currently priced at $2,925,000.
Over 4 listings were sold over their listed price in March 2024 in Burlington, VT. In the same period over 6 listings were sold below the listed price and 2 listings were sold for the listed price. In March 2024 in Burlington, VT there were 6% more homes for sale than in February 2024.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 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. 
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