21-25 Elmwood Ave Listing Details & Market Data

21-25 Elmwood Ave, Burlington, VT 05401

  • For Sale $2,925,000
  • Property Type Multi-Family
  • Lot Size 0.26 Acre
  • Date Updated Apr 26, 2024
  • Website www.coldwellbanker.com
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

Contacts

broker

Smith Macdonald Group

Coldwell Banker Carlson Real Estate

Location

Getting Around

  • Walk Score ®

    Walker's Paradise (98)

  • Transit Score ®

    Good Transit (50)

  • Bike Score ®

    Biker's Paradise (99)
Powered by Walk Score ®
  • 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

  • Dunkin'

    0.09 miles

  • Top Of The Block Sandwich Shop

    0.10 miles

  • E.B. Strong's

    0.10 miles

  • Halvorson's

    0.11 miles

  • Fu Da

    0.13 miles

  • Asiana House

    0.14 miles

  • Duino Duende

    0.15 miles

  • Sushi Maeda

    0.15 miles

  • Pokéworks

    0.16 miles

  • Lucky Next Door

    0.18 miles

  • Vermont Adult Learning

    0.12 miles

  • Burlington High School

    0.21 miles

  • Sustainability Academy

    0.23 miles

  • 194 Saint Paul

    0.47 miles

  • Integrated Arts Academy

    0.51 miles

  • Early Learning Preschool Center

    0.53 miles

  • Edmunds Middle & Elementary School

    0.54 miles

  • Hull Crest School

    0.60 miles

  • Champlain College

    0.64 miles

  • Mater Christi School

    0.79 miles

  • Heartworks Burlington

    0.32 miles

  • YMCA Child Care

    0.38 miles

  • Burlington Children’s Space

    0.46 miles

  • Loveworks

    2.86 miles

  • The EDGE Kids & Fitness

    4.34 miles

  • Leaps & Bounds Child Development Center

    4.38 miles

  • EJRP Preschool

    4.98 miles

  • Little One's University

    5.16 miles

  • Children's Preschool & Enrichment Center

    5.28 miles

  • CTE Preschool

    5.39 miles

Contact Listing Broker

broker

Smith Macdonald Group

Coldwell Banker Carlson Real Estate