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Listed by KC Gandee • Real Broker LLC
$ 280,000
Est. payment | /mo
4 Beds
3 Baths
2,336 SqFt
$ 280,000
Est. payment | /mo
4 Beds
3 Baths
2,336 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,336 sqft
Price per Sqft $119
MLS Listing ID 5103767
Bedrooms 4
Full Baths 3
Construction Status Existing
Year Built 1900
Annual Tax Amount $5,952
Tax Year 2026
Lot Size 10,890 Sqft
Acres 0.25
Property Description
Prime Income Property: 3-Unit Asset in Rutland City! Looking for a lucrative 3-unit multi-family property in Rutland City? This well-maintained investment at 75 North St has featured consistent capital improvements since 2022 and is fully ready for its next owner. Unit Breakdown & Property Highlights Unit 1 (Ground Floor): Spacious 2-bedroom, 1-bath layout featuring generous living space and a private deck. Units 2 & 3 (Second Floor): Two independent 1-bedroom, 1-bath units, each featuring its own private entrance. Parking & Storage: Ample off-street parking plus a detached 2-car garage (currently utilized by tenants for storage). Location: Prime rental market close to schools, parks, and downtown Rutland. Occupancy: Flawless, steady occupancy history offering long-term stability. Recent Updates (75 North St) 2022: New furnace installed, along with electrical and minor plumbing updates. 2023: Additional targeted electrical upgrades completed. 2024: Brand-new communal laundry room built out for tenant convenience. 2025: Professional tree removal completed on the grounds. Utilities: Serviced by three separate hot water heaters (one propane, two oil). Financials & Investor Upside Current Returns: Producing a strong 6.8% CAP rate at the current offering price. Immediate Value: Rents are currently priced below market, giving you built-in rental upside from day one. Future Optimization: Property is move-in ready, or you can unlock massive value by using state grant money to upgrade the two 1-bedroom units. Don't miss this opportunity to add a stable, highly updated multi-family asset to your portfolio!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning RESD 1
Rooms
Basement Entrance Interior
Basement Dirt Floor, Unfinished
Interior
Cooling None
Exterior
Garage Spaces 2.0
Utilities Available Cable, Phone
Roof Type Shingle
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools Rutland Northeast Primary Sch
Middle Schools Rutland Middle School
High Schools Rutland Senior High School
School District Rutland City School District
NEARBY SCHOOLS & PROPERTIES
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