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Listed by Betsy Adamovich • Real Broker LLC
$ 424,500
Est. payment | /mo
2,250 SqFt
$ 424,500
Est. payment | /mo
2,250 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $188
MLS Listing ID 5071953
Construction Status Existing
Year Built 1899
Annual Tax Amount $4,374
Tax Year 2025
Lot Size 5,662 Sqft
Acres 0.13
Property Description
CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad tenant base including professionals, students, and long-term local renters. Several thoughtful renovations and updates have already been completed, reducing near-term capital expenditure needs and supporting tenant retention. With solid in-place income and additional upside potential through future rent adjustments, cosmetic improvements, or operational efficiencies, this property offers both immediate cash flow and long-term growth opportunity. Whether you're an experienced investor or expanding your portfolio, this multi-unit asset delivers income stability and scalability in a strong Vermont rental market.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential
Rooms
Basement Entrance Walk-up
Basement Unfinished
Interior
Cooling None
Flooring Vinyl
Exterior
Utilities Available Telephone Available
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Apartment Building, Multi-Family
Construction Status Existing
Schools
Elementary Schools Rutland Town School
Middle Schools Rutland Middle School
High Schools Rutland Senior High School
School District Rutland City School District
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