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Listed by KC Gandee • Real Broker LLC
$ 325,000
Est. payment | /mo
4 Beds
3 Baths
2,652 SqFt
$ 325,000
Est. payment | /mo
4 Beds
3 Baths
2,652 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,652 sqft
Price per Sqft $122
MLS Listing ID 5103784
Bedrooms 4
Full Baths 3
Construction Status Existing
Year Built 1870
Annual Tax Amount $6,846
Tax Year 2026
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Turnkey 3-Unit Investment Property with Strong Occupancy & Value-Add Potential. Outstanding investment opportunity in the heart of Rutland City! This well-maintained triplex features a rock-solid rental history with zero vacancy during the current ownership. Situated in a desirable location near local schools and Pine Hill Park, this property represents an ideal addition to any portfolio or an excellent owner-occupy opportunity. The building consists of one spacious 2-bedroom unit and two comfortable 1-bedroom units, totaling 4 bedrooms and 3 bathrooms across approximately 2,900 square feet of living space. All tenants are currently on flexible month-to-month leases, offering immediate upside as current rents sit below market rates. Unit Breakdown Apartment 1: 1,100 sq. ft. | 2 Bed, 1 Bath | Long-term tenant of 5 years. Features new flooring installed in 2024. Apartment 2: 900 sq. ft. | 1 Bed, 1 Bath | Long-term tenant of 4 years. Apartment 3: 900 sq. ft. | 1 Bed, 1 Bath | Features a recently remodeled bathroom and a boiler upgrade in 2025. This property is highly efficient for landlords, featuring separate electrical meters and individual boilers for each unit so tenants can manage their own utility payments. Recent Updates: Boiler upgrade for Apt 3 (2025), new flooring in Apt 1 (2024), major sewer pipe repair completed in 2023, and a remodeled bathroom in Apt 3. Parking & Storage: A rare and highly valuable 3-bay garage sits on the property, providing one dedicated storage/parking bay for each apartment alongside an expansive driveway with ample off-street parking. Landlord Expenses: Owner currently covers oil (heat), water/sewer, trash removal, and seasonal plowing/mowing. With a CAP rate of 5.8% at listing price and a track record of exceptional tenant retention, this stable income producer is ready for its next owner. Don't miss out on a proven revenue generator in a strong rental market. Schedule your private showing today!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning RESD1
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Garage Spaces 3.0
Utilities Available Cable, Propane, Phone
Roof Type Shingle
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Nearby Locations
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