Multi-Family for Sale: 21-25 Elmwood Avenue, Burlington, VT 05401 SOLD

9,987 sqft
$2,800,000
$2,800,000
21-25 Elmwood Avenue, Burlington, VT 05401 SOLD
9,987 sqft
$2,800,000
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Selling Price: $2,800,000
Original List Price: $3,195,000
Sold at 87.6% of list price
Sold Date: 12/08/2025

Type Multi-Family
Style Multi-Family
Square Feet 9,987 sqft
Lot Size 0.26 acres
Year Built 1900

City Burlington
County Chittenden

MLS 5052749
Status Closed
DOM 90 days
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.

Lot & Building Features

Appliances Natural Gas Water Heater
Utilities Underground Utilities, Cable
Construction Brick Exterior, Vinyl Exterior, Wood Frame
Cooling None
Heating Natural Gas, Electric, Hot Water
Sewer Public
Tax Year 2025
Water Public
Basement Description Concrete, Unfinished
Foundation Concrete
Lot Description Sidewalks, City Lot, Level
Roof Asphalt Shingle
Garage No

Price History of 21-25 Elmwood Avenue

Date Name Price Difference
07/22/2025 Listing Price $2,800,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 21-25 Elmwood Avenue, Burlington, VT

Location Map Street View
Listed by Coldwell Banker Carlson Real Estate, Smith Macdonald Group 802-253-7358
Sold by RE/MAX North Professionals, Darcy Handy 802-655-3333
Photo of Jennifer Eacho
Direct: 603-303-3418
Office
240 Ocean Blvd
Seabrook Beach, NH 03874
603-474-3401
PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: Coldwell Banker Carlson Real Estate

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 01/13/2026