21-25 Elmwood Ave

For Sale

21-25 Elmwood Ave, Burlington, VT 05401

This Burlington property for sale is located at 21-25 Elmwood Ave. The current listed sale price for 21-25 Elmwood Ave is $2,925,000. 21-25 Elmwood Ave is situated on a lot that is 0.26 acre in size.

Contacts

broker

Smith Macdonald Group

Coldwell Banker Carlson Real Estate

Property Details

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 7.5% cap rate with easy room for improvement.

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Highlights

  • Water: Municipal Water
  • Age: Over 50 Years Old
  • Heating - Fuel Type: Gas
  • Exterior Description: Brick
  • Exterior Description: Wood Frame
  • Roof: Asphalt Shingle Roof
  • Sewer: Public
  • Lot Size: Under 1/2 Acre
  • Exterior Description: Vinyl Siding

Getting around

  • 98/100

    Walk Score ®

  • 50/100

    Transit Score ®

  • 99/100

    Bike Score ®

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Location

  • City Burlington, VT
  • Neighborhood Old North End Burlington
  • Zip Code 05401

Points of Interest

  • Essex Junction

    5.18 miles

  • Valero

    0.23 miles

  • Mobil

    0.26 miles

  • Shell

    0.41 miles

  • Sunoco

    0.48 miles

  • Rowell Annex

    0.72 miles

  • ChargePoint

    0.77 miles

  • Shell

    0.79 miles

  • Cumberland Farms

    0.82 miles

  • Shell

    0.86 miles

  • Gulf

    1.32 miles

  • Burlington Public Permit Parking

    0.05 miles

  • Marketplace Parking Garage

    0.20 miles

  • Lakeview Garage

    0.24 miles

  • College Street Garage

    0.28 miles

  • Pease Lot

    0.41 miles

  • Waterfront Park Boat Launch

    0.44 miles

  • Main Street Landing Lot

    0.45 miles

  • Lake Street Parking

    0.46 miles

  • Cornerstone Building Garage

    0.46 miles

  • U.S. Coast Guard Station

    0.47 miles

  • Hotel Vermont

    0.23 miles

  • Courtyard by Marriott Burlington Harbor

    0.27 miles

  • Hilton Burlington

    0.30 miles

  • Sunset House

    0.37 miles

  • The garden by Hilton

    0.39 miles

  • Hilton Garden Inn Burlington Downtown

    0.39 miles

  • Burlington Hostel

    0.42 miles

  • Wilson Hotel

    0.43 miles

  • Lang House

    0.56 miles

  • Made INN Vermont

    0.64 miles

  • City Market

    0.27 miles

  • Jake's ONE Market

    0.44 miles

  • Staples Plaza

    1.47 miles

  • Commodities Natural Market

    1.63 miles

  • Sears

    1.79 miles

  • City Market

    1.80 miles

  • University Mall

    1.85 miles

  • JCPenney

    1.88 miles

  • Target

    1.88 miles

  • Kohl's

    1.91 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Smith Macdonald Group

Coldwell Banker Carlson Real Estate