44 Baxter Street Rutland City VT 05701 Multi Family $400,000

$400,000 | $103 per sq.ft. Under Contract A 6 Unit Multi Family Home, in Rutland City VT With 6 - One Bedroom Units MLS# 5075867

Listed by Mike Kalil Watson Realty & Associates on February 5th 2026
44 Baxter Street Rutland City VT 05701

DESCRIPTION

High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.
Gross Income : $81252
Net Income: $

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UNIT 1 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Rent : 1050.00 Monthly Status : Month to Month	UNIT 2 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Rent : 1171.00 Monthly Lease Term : Month to Month	UNIT 3 INFORMATION Beds: 1 Baths: 1 Rent : 1050.00 Monthly Status : Month to M	UNIT 4 INFORMATION Beds: 1 Baths: 1 Rent : 1250.00 Monthly Status : Month to Month
UNIT 5 INFORMATION Beds: 1 Baths: 1 Rooms: 0 Rent : 1000.00 Monthly	UNIT 6 INFORMATION Beds: 1 Baths: 1 Rent : 1250.00 Monthly Status : Month to Month

CONSTRUCTION

Wood Frame | Year Built: 1915
No. of Floors:2.5
Total Sq.Ft. Finished: 3900
Above Grade Sq.Ft.: 3000
Below Grade Sq.Ft.: 900
Apx Below Grade Unfinished Sq.Ft.: 100
Price Per SQ.FT. 102.56
Basement: Partially Finished
Heating: Oil | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Phone
Electric Meters:

Style: Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No

LAND LOT INFORMAITION

Lot Description: Corner
Lot size: 0.06 acres
Zoned: Residential
Surveyed: Unk
Flood Zone: Yes
Road Frontage: 122
Driveway: Gravel

PROPERTY INFORMATION

Taxes $4,705

AREA INFORMATION

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