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Listed by Betsy Adamovich • Real Broker LLC
$425,000
Est. payment /mo
2,250 SqFt
UPDATED:
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
Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location, walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and limited vacancy history, this property is poised to remain a reliable performer in any market cycle. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad range of tenants, from professionals and students to long-term local renters. Several thoughtful renovations and updates have already been completed, offering reduced capital expenditure needs and improved tenant retention. The current gross annual income exceeds $56,000, with a net operating income of over $37,000, making this a turnkey addition to any investment portfolio. At the asking price, the property generates a cap rate of over 11%, meeting the criteria of cash-flow investors, BRRRR strategists, and 1031 exchange buyers alike. With additional upside potential, whether through future rent adjustments, cosmetic improvements, or expanded operational efficiencies, this property represents both immediate returns and long-term growth opportunity. Whether you're an experienced investor or expanding your portfolio, this multi-unit property delivers cash flow, stability, and scalability in a strong Vermont rental market. Opportunities like this are rare, secure your next revenue-producing property today.
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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