Three-Unit Triplex with Lake
For Sale
$1,150,000
56 Wright Avenue, Burlington, VT 05401
Multi-Family, Burlington, VT
Property Size1,066 SF
Lot Size0.14 Acres
Price / SF$1,078
Days on Market131
Property Features for 56 Wright Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Res Med density
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 3, Basement, Bathroom 2
Parking features
Offsite, Driveway
Patio and Porch features
Deck
Exterior features
Deck
Lot features
City Lot, Level, View
Elementary school
Champlain Elementary School
Middle school
Edmunds Middle School
High school
Burlington High School
Standard status
Active
Size
1,066 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11060
Utilities
Heating system
Baseboard, Ductless (Heating)
Cooling system
Ductless, Zoned
Water source
Public
Amenities
covered porches
mini-split systems
Building Details
Year built
1935
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Carpet, Laminate
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Brian French Real Estate
(802) 862-6433
Listed By:
Brian French · License #0810003857
(802) 862-6433
Added: Apr 13
Changed: Aug 20
Last Checked: Aug 21 at 2:06PM
MLS# 5083392
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This updated three-unit triplex includes three one-bedroom apartments in a well-maintained wood-frame building built in 1935. Updates include all new windows, Therma Tru exterior doors, and new flooring throughout, along with tastefully updated bathrooms with tiled showers. The property also features a new electrical service, upgraded plumbing, and an on-demand hot water system (2026). For comfort year-round, the building has energy-efficient mini-split systems, professional insulation, and zoned ductless cooling with baseboard heating. A newly constructed set of covered porches with durable Trex decking adds outdoor space to enjoy Lake Champlain views from each apartment.
Set on a 0.14-acre lot with public water and a shingle roof, the property provides offsite parking with a driveway. Heating is ductless with baseboard, and cooling is ductless and zoned.
With public utilities and multiple recent system and finish upgrades, this is a turnkey option for an owner seeking a cohesive three-unit residential income property.
Set on a 0.14-acre lot with public water and a shingle roof, the property provides offsite parking with a driveway. Heating is ductless with baseboard, and cooling is ductless and zoned.
With public utilities and multiple recent system and finish upgrades, this is a turnkey option for an owner seeking a cohesive three-unit residential income property.
Key Highlights
- Three one‑bedroom units in a wood‑frame building built in 1935
- All new windows, Therma Tru exterior doors, and new flooring throughout
- On‑demand hot water system (2026) plus new electrical service and upgraded plumbing
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
660
Businesses Nearby
Explore this area
Business Placement
Demographics for 05401, VT
32,059
Population
13,898
Households
2.3
Avg Household Size
28
Median Age
63%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
5,256
Density / Sq Mi
$60,532
Median Household Income
$23,422
Median Earnings
$1,614
Median Rent
$463,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Updated three one-bedroom units with ductless heating and cooling, plus new windows, doors, and Trex-covered porches.
Where is this triplex located?
The property is located at 56 Wright Avenue Burlington, VT.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Three one‑bedroom units in a wood‑frame building built in 1935; All new windows, Therma Tru exterior doors, and new flooring throughout; On‑demand hot water system (2026) plus new electrical service and upgraded plumbing
