Rutland City VT
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| | Rutland City VT Other Property Listings For Sale |
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$275,000 | $85 per sq.ft.
100 South Street
Number of Units 4 Total Sq. Ft. 3246 | Acres: 0.35
Opportunity knocks with this 4-unit multifamily property located in the heart of Rutland City! Featuring three completed units--two of which have been recently renovated with modern finishes--this property is perfect for investors looking to generate immediate rental income. The fourth unit has been gutted to the studs, offering a blank canvas for the next owner to bring their vision to life. With its flexible potential and prime location, this property is an excellent investment opportunity. Whether you're an experienced investor or just starting, the opportunity to finish the fourth unit and maximize rental potential makes this property a must-see. Don't miss your chance to own this versatile investment property! See
MLS Property & Listing Details & 38 images.
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Under Contract
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$279,000 | $103 per sq.ft.
166 State Street
Number of Units 5 Total Sq. Ft. 2700 | Acres: 0.21
Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually--offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller--bring your offers and let's make a deal! See
MLS Property & Listing Details & 16 images.
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$300,000
New Listing!
135 Grove Street
Number of Units 5 Total Sq. Ft. 0 | Acres: 0.31
Bring your vision and tools--this massive property is ready for transformation. Once a 23-room boarding house, this impressive structure has been partially converted into a 4-5 unit multifamily building, with each unit designed to have 4+ bedrooms when complete. One of the units has been thoughtfully designed to meet ADA requirements. The groundwork has been laid, but there's still a long way to go--this is a true project for investors, developers, or ambitious owner-occupants. Previously permitted for 4 units, the city has indicated a 5th unit may be possible, and the sheer size of the building leaves room for even more (with proper permitting). Situated on a large lot with ample parking, this property offers endless potential for someone ready to roll up their sleeves and finish what's been started. This property is best suited as a cash sale or possibly a rehab/construction loan. See
MLS Property & Listing Details & 12 images.
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$319,000 | $90 per sq.ft.
33 Summer Street
Number of Units 4 Total Sq. Ft. 3558 | Acres: 0.13
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. See
MLS Property & Listing Details & 34 images.
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Under Contract
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$479,000 | $123 per sq.ft.
43 Summer Street
Number of Units 8 Total Sq. Ft. 3896 | Acres: 0.11
Investment Opportunity: 8-Unit Multifamily in Rutland City Don'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. See
MLS Property & Listing Details & 25 images.
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$499,000 | $78 per sq.ft.
49 Terrill Street
Number of Units 5 Total Sq. Ft. 6390 | Acres: 0.64
Don't miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units--key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today! See
MLS Property & Listing Details & 38 images.
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$525,000 | $146 per sq.ft.
38 Cottage Street
Number of Units 7 Total Sq. Ft. 3590 | Acres: 0.15
Well maintained 100% occupied 7 unit located in central Rutland neighborhood. This 7 unit property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income of ~$58K (12% cap without management fees). A new owner can step into to this turnkey investment, projected to yield over a 18% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 7plex ahead of the historic multibillion dollar development occurring nearby at Killington, which 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. See
MLS Property & Listing Details & 24 images.
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$595,000 | $125 per sq.ft.
100-102 Gibson Avenue
Number of Units 5 Total Sq. Ft. 4774 | Acres: 0.9
Three great Buildings with huge net income potential! This smart investment includes five total units, four of them being two-bedroom units and the fifth being a single bedroom upstairs unit above the converted barn. The first floor of the barn could be used for storage or a workshop. Yearly gross income potential is $93,600 with slight rent increases. Recent upgrades include a new boiler system in the barn apartment, exterior painting and contractor capital improvements totaling more than $73,000. Showings to begin on Saturday (4/19). See
MLS Property & Listing Details & 23 images.
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$965,000 | $126 per sq.ft.
86 Center Street
Number of Units 4 Total Sq. Ft. 7648 | Acres: 0.74
1800's Historical Rutland City Mansion formerly the Lawrence Recreation Center/Reynolds House. Currently 4 Condominiums restored to her original grandness but improving her exterior and interior systems for the next century. State of the art insulation, custom ordered windows, newer roof, plumbing and electrical. All units have separate electrical meters. The home has a newer boiler with all original steam radiators. Newer roof and French trench around entire house. Exterior painting to include removing years of paint on marble trim. Updated kitchens and baths with new plumbing and electrical wiring. The top floor Unit #4 was renovated with hardwood floors, stainless steel appliances and a great room, incredible mountain and city views from every room. Master and guest bathrooms are adorned with custom Turkish tiles, granite counter tops, and center island... See
MLS Property & Listing Details & 50 images.
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