- $280,000
- MLS#: 5103767
- 3
- # of Units
- 2,336
- Total Sq. Feet
- 0.25
- Acres
- $5,952
- Taxes
1 of 27
General Property Information
- Price:
- $280,000
- County:
- VT-Rutland
- Acres:
- 0.25
- Property Type:
- Multi-Family
- Property Status:
- Active
- # of Units:
- 3
- Agency/Brokerage:
- KC Gandee
Real Broker LLC
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!
Features
- Property Type:
- Multi-Family
- # of Units:3
- Subdivision Name:
- Year Built:
- 1900
- Parking:
- Road Frontage:
- 188
- Acres:0.25
- Gross Income:
- 40,200
- Annual Expenses:
- 0
- # of Gas Meters:
- # of Electric Meters:
- 3
- Sq Ft (Above Ground):
- 2336
- Sq Ft (Below Ground):
- 0
- Total Sq Ft:
- 2336
- Land Description:City Lot,Corner,Level,Open,Sidewalks,In Town,Near Country Club,Near Golf Course,Near Paths,Neighborhood,Near Public Transport,Near School(s)
- Elementary School:
- Rutland Northeast Primary Sch
- Middle School:
- Rutland Middle School
- High School:
- Rutland Senior High School
- Financing Details:
- Documents Available:
Unit Information
Unit 1
- #Rooms:
- 0
- #Bedrooms:
- 2
- #Baths:
- 1
- Sq. Ft.:
- 1100
- Floor:
- 1
- Unit Style:
- Monthly Rent:
- 1200.00
Unit 2
- #Rooms:
- #Bedrooms:
- 1
- #Baths:
- 1
- Sq. Ft.:
- 900
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 1000.00
Unit 3
- #Rooms:
- #Bedrooms:
- #Baths:
- 1
- Sq. Ft.:
- 0
- Floor:
- 2
- Unit Style:
- Monthly Rent:
- 1000.00
Other Information
- List Date:
- 2026-08-06
- Last Updated:
