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    61 Elmwood Ave Burlington, VT 05401

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    For Sale
    $2,595,000

    16-unit multifamily property near Pearl Street, Church Street, and waterfront.

    Lot size:
    0.30 Acres

    Property Features for 61 Elmwood Ave

    General Information

    Lot size
    0.30 Acres

    Building Details

    Year built
    1920

    Source: Coldwell Banker Carlson Real Estate Agent Smith Macdonald Group

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

    Overview

    Condominiumized Multifamily Property For Sale

    This multifamily property features 16 one-bedroom units. The units include hardwood flooring and tile. Off-street parking and laundry facilities are available. The property is condominiumized, offering the option to sell units individually. The location provides convenient access to Pearl Street, Church Street, the waterfront, universities and colleges, and the medical center. The property is easy to rent, manage, and maintain. The current cap rate exceeds 8%, with potential for rent increases within the first year of ownership.
    Location Intelligence

    Current Use by Public Records

    Skinner Hollow Photography Photographer

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Daycare Center Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Burlington
    County
    Chittenden
    State
    Vermont
    Longitude
    -73.214212
    Latitude
    44.4821487

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    FAQs

    What type of property is this?
    Apartment building - 16-unit multifamily property near Pearl Street, Church Street, and waterfront.
    Where is this apartment building located?
    The property is located at 61 Elmwood Ave Burlington, VT.
    What is the asking price?
    The asking price for this property is $2,595,000.
    What are key features of this property?
    This property features: - High Cap Rate: Current cap rate is over 8% with potential for increased rents.; - Prime Location: Close to Pearl Street, Church Street, the waterfront, universities, colleges, and the medical center.; - Condominiumized Property: Allows for individual unit sales, providing flexibility.
    (802) 375-5009
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    61 Elmwood Ave Burlington, VT 05401
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    Burlington, VT 05401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    61 Elmwood Ave Burlington, VT 05401
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