Rutland VT Multi Family for Sale
- Type:
- Multi-Family
- Sq.Ft.:
- 4,600
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.36 Acres
- Year built:
- 1969
- Baths:
- MLS#:
- 5021984
ADDITIONAL INFORMATION
Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower-than-average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with rapidly falling rates, is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,042
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1900
- Baths:
- 2.00
- MLS#:
- 5020907
ADDITIONAL INFORMATION
Property being sold "AS IS' Where IS". 2 Family unit, or could be converted to single family . Perfect property for Rehab program available for Rutland City. New roof in 2015. New Furnace 2019.
- Type:
- Multi-Family
- Sq.Ft.:
- 3,896
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.11 Acres
- Year built:
- 1860
- Baths:
- MLS#:
- 5017747
ADDITIONAL INFORMATION
Investment Opportunity: 8-Unit Multifamily in Rutland City Donâ??t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,499
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1970
- Baths:
- 4.00
- MLS#:
- 5017225
ADDITIONAL INFORMATION
Three unit apartment house. Units consist of a two+ bedrooms, a two bedroom and a one bedroom. Corner lot. Rents are below market value. Tenants are month to month. The two+ apartment is presently vacant. One car garage. Showing to start October 7
- Type:
- Multi-Family
- Sq.Ft.:
- 4,460
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1880
- Baths:
- 5.00
- MLS#:
- 5016830
ADDITIONAL INFORMATION
A GREAT TWO PROPERTY INVESTMENT OPPORTUNITY! Two properties are for sale; a 4 bed, 2 bath Single Family and a 3 unit Multi-Family. These two properties are located on one .24 acre City lot with strong positive cash flow and net income over $39,000. When you visit, you'll see a complete renovation of 94 South Main Street of: windows, doors, paint, flooring, bathroom, kitchen, appliances, and more; where the tenants pay their own: heat, electric, water/sewer, and internet. 2 Jackson Avenue has 2 renovated apartments, with newer appliances, flooring, doors, painting, and so much more. Both properties have newer roofs (2018) and newer boilers (2019) along with a newer oil tank (2019) at 2 Jackson Avenue. There's newer windows in both buildings replaced between 2018-2020. Gutters were added, and a deck replaced at 2 Jackson Ave. Only 3 blocks from White's Pool and Recreation Park. Only 4 minutes to RRMC or to Downtown shopping, dining and entertainment. Clean, well maintained, many upgrades, with little else to do but enjoy the income stream. Showings begin this Saturday 10/5/24 This opportunity won't last long!
- Type:
- Multi-Family
- Sq.Ft.:
- 2,886
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.12 Acres
- Year built:
- 1850
- Baths:
- 4.00
- MLS#:
- 5015604
ADDITIONAL INFORMATION
Looking for the perfect investment property, or perfect opportunity to owner occupy? Then you need to check out this well maintained, 3 unit, 4 bed, 4 bath, multi-family property only a few blocks from downtown shopping, dining and events. Two of the apartments, #2 and #3, were recently renovated in 2022 ( see attached list of improvements ) with new washers and dryers, vinyl plank flooring, kitchen counter tops and cabinets, and new appliances and an energy efficient mini split in apt#3 for Summer cooling and economical heat. This property has a single oil FHA furnace replaced in 2000 and a new oil tank replaced in 2022 with vinyl siding and newer vinyl windows all around and an electrical cost saving solar array on the roof. All old knob and tube wiring terminated and replaced. And you'll find that there is little to no deferred maintenance here at this property. Month to month leases with reliable rental income and an opportunity to improve cash flow. There's plenty of on-street and off-street parking as well a carport to get your car out of the weather and a large rear deck to enjoy the mountain view. You're less than 20 minutes from Killing/Pico Ski Resorts, and less than 2 hours from Burlington or Albany Airport. This is a must see.
- Type:
- Multi-Family
- Sq.Ft.:
- 3,018
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.21 Acres
- Year built:
- 1910
- Baths:
- 5.00
- MLS#:
- 5006121
ADDITIONAL INFORMATION
Great investment opportunity, 5 rental units,3 one bedroom and 2 two bedrooms on a lot with plenty of parking , gross yearly income is $54,000 with potential for more, expenses $ 22418, net yearly income is just over $31K rents are somewhat bellow market value, low expenses this building has been maintained well.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,652
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1870
- Baths:
- 3.00
- MLS#:
- 5004743
ADDITIONAL INFORMATION
Located in Rutland City is this well-maintained 3-unit multi-family property that offers an opportunity for both investors and those looking to find a new home where they can live in one unit and offset their mortgage with the other two units. The building features two 1-bedroom units and one 2-bedroom unit as well as a detached 3 bay garage. Each unit has hardwood floors that add warmth and character, making every space inviting and comfortable. The separately metered electric and individual boilers allow for easy management and reduced overhead costs. Call to schedule your showing today!
- Type:
- Multi-Family
- Sq.Ft.:
- 3,558
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.13 Acres
- Year built:
- 1909
- Baths:
- MLS#:
- 5002265
ADDITIONAL INFORMATION
Investment Opportunity in Rutland, VT! Welcome to 33 Summer Street, a four-unit multifamily property in a prime Rutland location. This property features three newly renovated units, offering modern amenities and updated finishes. Situated close to local amenities and public transportation, this property is ideal for attracting tenants. Whether you're looking to expand your portfolio or start investing in real estate, 33 Summer Street presents a promising opportunity. Don't miss out on this excellent investment with great potential for steady rental income.
- Type:
- Multi-Family
- Sq.Ft.:
- 2,521
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.19 Acres
- Year built:
- 1892
- Baths:
- 2.00
- MLS#:
- 5001686
ADDITIONAL INFORMATION
RUTLAND CITY: Spacious 4-5 bedrooms, Single family or 2-unit, recently brought up to code for 2-unit. New kitchen in 2020, on 1st floor valued at $66,000, hardwood floors, fireplace in living room, damper doesn't work, 1st floor bedroom, 2nd floor has 3 bedrooms, kitchen, living room and 1 1/2 baths. New 1st floor shower in 2022 and new shower/toilet in 2nd floor apartment. Attic/3rd floor was used as a bedroom and family room. Property had an Efficiency Vermont energy audit, is well insulated and has replacement windows, along with dry basement. Boiler was new in 2019 and asphault roof was new in 2022. Convenient city lot, close to downtown, with 1-car detached garage. Less than 1/2 mile to Rutland Country Club, outskirts of city, near shopping, restaurants, skiing, airport and hospital. Won't last long, call for an appointment.
- Type:
- Multi-Family
- Sq.Ft.:
- 3,139
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.17 Acres
- Year built:
- 1890
- Baths:
- MLS#:
- 4988073
ADDITIONAL INFORMATION
RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in 2 (soon to be 3) of the 4 units. Unit 2 was recently vacated and is receiving a facelift prior to new tenant placement. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly for storage. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is 12% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated {{last updated}}.
Rutland Real Estate
The median home value in Rutland, VT is $208,800. This is lower than the county median home value of $268,600. The national median home value is $338,100. The average price of homes sold in Rutland, VT is $208,800. Approximately 49.35% of Rutland homes are owned, compared to 39.56% rented, while 11.09% are vacant. Rutland real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Rutland real estate agent to arrange a tour today!
Rutland, Vermont 05701 has a population of 15,934. Rutland 05701 is less family-centric than the surrounding county with 18.65% of the households containing married families with children. The county average for households married with children is 22.91%.
The median household income in Rutland, Vermont 05701 is $51,868. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in Rutland 05701 is 48.7 years.
Rutland Weather
The average high temperature in July is 80.2 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 43 inches per year, with 77.8 inches of snow per year.