Updated Three-Unit Residential Income
For Sale
$1,150,000
56 Wright Avenue, Burlington, VT 05401
Turnkey three one-bedroom units with recent window, door, and system upgrades plus lake-view porches.
Property Size1,066 SF
Price / SF$1,078
Days on Market157
Property Features for 56 Wright Avenue
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Multi-family
Additional Details
Business Included
Yes
Multifamily Units
3
Building Details
Year Built
1935
Tenancy
Multi
Listing Agency:
Brian French Real Estate
Listed By:
Brian French
(802) 862-6677
Source:
Buyvtrealestate
Added: Mar 4
Changed: Jul 10
Last Checked: Aug 7 at 1:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brian French Real Estate
Investment Insights
Based on property information with market context.
This beautifully updated three-unit property includes three one-bedroom apartments, each designed with quality finishes and modernized systems. Interior updates feature new flooring throughout and tastefully updated bathrooms with tiled showers. Exterior improvements include all new windows and Therma-Tru exterior doors. The building has also benefited from new electrical service, upgraded plumbing, and an on-demand hot water system (2026). For year-round comfort, the property offers energy-efficient mini-split systems and professional insulation. New covered porches with durable Trex decking provide a place to enjoy the stunning Lake Champlain views from each apartment.
Located in Burlington’s South End, the property offers convenient access to the Burlington Bike Path and the University of Vermont Medical Center, with downtown amenities nearby. The Church Street Marketplace and the Burlington waterfront are within close proximity, along with a selection of local shops and restaurants.
The three one-bedroom layout can appeal to owner-occupants or investors seeking a manageable multifamily configuration with substantial capital improvements already completed. With core systems updated and multiple comfort-focused upgrades in place, the building is well positioned for a smooth transition to new ownership.
Located in Burlington’s South End, the property offers convenient access to the Burlington Bike Path and the University of Vermont Medical Center, with downtown amenities nearby. The Church Street Marketplace and the Burlington waterfront are within close proximity, along with a selection of local shops and restaurants.
The three one-bedroom layout can appeal to owner-occupants or investors seeking a manageable multifamily configuration with substantial capital improvements already completed. With core systems updated and multiple comfort-focused upgrades in place, the building is well positioned for a smooth transition to new ownership.
Key Highlights
- Three one‑bedroom units in a 1935‑built multi‑family property with lake views from each apartment
- Recent upgrades include all new windows and Therma‑Tru exterior doors
- Bathrooms updated with tiled showers and new flooring throughout
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
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 - Turnkey three one-bedroom units with recent window, door, and system upgrades plus lake-view 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 1935‑built multi‑family property with lake views from each apartment; Recent upgrades include all new windows and Therma‑Tru exterior doors; Bathrooms updated with tiled showers and new flooring throughout
