56 Wright Avenue, Burlington, VT 05401
VT-Chittenden County
Key Facts
Description
Incredible opportunity to own a beautifully updated 3-unit property in Burlington’s highly desirable South End, offering stunning views of Lake Champlain from each apartment. This well-maintained building features three one-bedroom units, each thoughtfully upgraded with quality finishes and modern systems. Recent improvements include all new windows, Therma-Tru exterior doors, and new flooring throughout. The bathrooms have been tastefully updated with tiled showers, and the property benefits from a new electrical service, upgraded plumbing, and an on-demand hot water system (2026). Additional highlights include energy-efficient mini-split systems, professional insulation for year-round comfort, and newly constructed covered porches with durable Trex decking—perfect for taking in the lake views. Ideally located, this property offers easy access to the Burlington Bike Path, University of Vermont Medical Center, and the vibrant Church Street Marketplace. Enjoy close proximity to the Burlington waterfront, along with an array of local shops, restaurants, and all that downtown Burlington has to offer.A rare opportunity to own a turnkey multi-family property in one of Burlington’s most sought-after neighborhoods.
Property Information
Property Type
Residential Income
Sub-Type
Multi Family
Style
Other
Year Built
1935
Stories
1
Living Area
1,066 sq ft
Lot Size
0.14 acres
Zoning
Res Med density
Days on Market
19
MLS® Listing#
5083392
Property Features
Cooling
Heating
Flooring
Basement
Parking
Patio
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- Champlain Elementary School
- Middle:
- Edmunds Middle School
- High:
- Burlington High School
Financial Details
Annual Taxes
$11,060
Tax year 2025
Affordability Calculator
$360,000
Estimated monthly payment
$9,580/mo
Principal $1,440,000 · Est. interest $2,008,928 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Burlington, VT
- $628,090
- Median Listing Price
- 91
- Median Days on Market
- 1,766
- Median Sq Ft
- $333
- Median Price / Sq Ft
- 353
- Active Listings
- This home’s price is 187% above the area median.
- Its price per sq ft is 407% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Burlington, VT.
Location
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Points of Interest in Burlington, VT
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 995 Dorset Street, South Burlington, VT | $1,295,000 | 5 | 5 | 5,344 |
| 31 Vale Drive, South Burlington, VT | $1,295,000 | 5 | 4 | 5,402 |
| 8 Medalist Drive, South Burlington, VT | $1,295,000 | 3 | 5 | 6,111 |
| 86 North Union Street, Burlington, VT | $1,295,000 | 10 | 3 | 2,632 |
| 28 Henderson Terrace, Burlington, VT | $1,299,000 | 3 | 3 | 2,690 |
| 196 Mabel Way, South Burlington, VT | $1,299,000 | 4 | 4 | 3,484 |
