Solid 1900 multi-family boasting nearly 4,000 sq. feet of living space. Currently set up as a 4-unit, may be a possibility to convert an office space into a fifth apartment. Clean updated Three 2-bedrooms and an efficiency adding 4 much needed apartments in Rutland City's repertoire. The house features spacious bedrooms with large closets, impressive living areas and tall ceilings. A large attached 2-car garage would be appealing to many future tenants. New sewer line and heat pumps, four 200 amp separate electric boxes and many upgrades including newer floors and metal roof areas. Great rental history!
Investors, take note: here's a four unit multi-family property that pairs steady rental income with a prime uptown Rutland location—a combination savvy buyers rarely stumble upon. Built for performance, this well-maintained solid building features separate utilities across its units, meaning tenants cover their own usage and you sidestep the headache of dividing bills every month. The first floor spacious apartment also has use of the two car attached garage, three bedrooms and one level living. The second floor consist of (2) one bedroom units and a studio apartment with a private balcony. The fourth unit offers an abundance of natural light with built-in bookcases, a skylight and it's own access to a private garden at the back of the building. This layout accommodates multiple households comfortably, keeping occupancy strong and vacancies short. Whether you're an experienced landlord expanding your portfolio or a first-time investor dipping a toe into rental ownership, this property checks the practical boxes. The care that previous owners and the current owner has poured into upkeep shows, sparing you the surprise expenses that often plague older buildings. Simply put, it's ready to generate returns from the moment you collect the keys with a great rental history. Some newer heat pumps have been added for energy efficient heating. Location only sweetens the proposition. Tenants enjoy close proximity to Main Street Park, a pleasant green pocket perfect for lunch breaks and weekend lounging. Daily errands stay effortless with Shopping Plaza Road just minutes away, while Marble Valley Regional Transit puts car-free commuting within easy reach—a genuine selling point that keeps renters interested and leases signed. The bus also transports to Killington Ski area!
Discover a true unicorn investment property in the heart of Rutland! 120 Maple Street has been completely re-imagined and rebuilt from the studs up, delivering a turn-key, worry-free opportunity for investors and owner-occupants alike. This fully renovated five-unit property features four spacious 2-bedroom apartments and one 1-bedroom apartment, each designed with modern finishes, abundant natural light, and thoughtfully upgraded layouts. Every aspect of the building is brand new, including all mechanicals, electrical, plumbing, heating systems, and interiors, ensuring long-term durability and low operating costs for years to come. Three of the five units have rent restrictions tied to HUD Fair Market Rent Rates for 5 years, due to grant funds received to renovate the property. Located in a strong rental market with high demand for quality housing, this property offers a rare blend of stability and upside.
Investment opportunity with outstanding Route 7 North visibility and commercial zoning that opens the door to a wide variety of uses. This turnkey, income-producing property offers over 3,000 square feet of beautifully renovated space and includes a one-bedroom apartment that is currently leased to a long-term tenant for $1,060 per month, providing reliable year-round income. The spacious main residence features four bedrooms and four and a half baths and has operated as a highly successful Airbnb for the owners over the past several years. The property is also currently booked with seasonal renters from December 1 through March 31, offering immediate income to the next owner. Renovated from top to bottom in 2006, this impressive building was updated with quality furnishings, modern utilities, plumbing, insulation, wiring, oil furnace, central air, appliances, and an attractive interior highlighted by a cozy fireplace. Formerly a successful salon, the property offers exceptional flexibility for continued short-term rental use, an owner-occupied business, or a variety of commercial ventures. A large rear storage shed, abundant paved parking, and the fact that the property is being offered fully furnished make this a truly turnkey investment. Fantastic location just minutes to Killington Resort, pristine lakes, and an active downtown featuring Paramount Theatre, outstanding restaurants, farmers markets, and year-round events. Experience the very best of Vermont and Live Vermont!
Your next investment opportunity is here! This property consists of five units; one 2-bedroom, three 1-bedrooms, and one studio apartment. Conveniently located walking distance to downtown Rutland. If you are looking to add to your portfolio, up to 31 units are available, see MLS #'s 4971734, 4971736, 4971738, 4971740.
Great Investment Opportunity! This completely renovated four-unit multifamily property offers an excellent opportunity for investors seeking strong cash flow and solid income potential. The property features two one-bedroom units and two two-bedroom units, with extensive renovations throughout, including new siding and windows. Currently generating strong cash flow with a cap rate exceeding 12% at the asking price, this property is an attractive addition to any investment portfolio.
Welcome home to this well-maintained property offering space, flexibility, and endless possibilities! The main level offers three comfortable bedrooms, a full bathroom and a beautiful updated kitchen with a convenient walk in pantry. A first-floor washer and dryer add everyday convenience and functionality to the home's thoughtful layout. The spacious living room and large dining area ideal for gathering with family and friends. Upstairs, you'll find three additional bedrooms, offering exceptional flexibility for a growing household, welcoming guests, creating a home office, or designing the perfect hobby or recreation space. Enjoy peace of mind with a new roof installed aprx. 3 years ago and most major mechanical systems less than seven years old. The home is also pre-wired for a whole house generator, making future installation simple and convenient. Step outside to the rear deck and unwind while overlooking the private backyard, naturally screened by mature foliage for a secluded setting. Adding to its appeal, this property was once configured as a two-unit home and offers the potential to be converted back, making it an excellent opportunity for multi-generational living or investment potential. Whether you're looking for a spacious single-family home or a property with income-producing possibilities, this versatile home is ready to meet your needs.
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!
RUTLAND CITY: Excellent investment opportunity! This income producing 4-unit multifamily offers immediate cash flow with tremendous value-add potential. Three units are currently occupied with a long history of reliable tenancy, while the fourth unit is ready for completion, providing an excellent opportunity to increase rental income. Current rents are well below market, offering significant upside for investors. The property features new electrical throughout the building, four separate electric meters, a durable slate roof in excellent condition, and public water and sewer. Conveniently located near downtown Rutland, shopping, restaurants, schools, and public transportation, this is an outstanding opportunity to add a well-positioned property to your portfolio.
Investment Opportunity in the Heart of Rutland City! Discover the perfect blend of classic charm and income producing potential with this beautiful three unit Gambrel style multifamily home on Church Street in Rutland City. Featuring gorgeous hardwood floors, thoughtful updates, and timeless character throughout, this well-maintained property is ready to welcome its next owner. Whether you’re looking to owner occupy and let rental income help offset your mortgage and living expenses or add a solid investment property to your portfolio, this versatile property offers endless possibilities. It's convenient location places you close to shopping, restaurants, schools, parks, and many of Rutland City’s everyday amenities. If you’ve been searching for a multifamily property that combines charm, convenience, and excellent income potential, this is the opportunity you’ve been waiting for. Schedule your showing today and see all that this exceptional Church Street property has to offer!
Turnkey income producing Victorian Duplex in the heart of Rutland City! Built in 1884, this well-maintained multi-family offers classic architectural character and immediate cash flow, with both units currently occupied by tenants. The upstairs unit is a cozy 2-bedroom, 1-bath layout. The downstairs unit is a spacious 3-bedroom, 1.5-bath home spread across two levels: the first floor features a kitchen, dining room, living room, a generously sized bedroom, and a full bath with in-unit laundry, while the second floor adds two more bedrooms, a half bath, and access to a large walk-up attic offering abundant storage. Additional highlights include hardwood and tile flooring throughout, an oil-fired hot water baseboard heating system, a stone and marble foundation, an unfinished basement, and a two-car detached garage on a gravel driveway, all set on a level city lot with public water and sewer. Whether you're adding a cash-flowing asset to your portfolio or planning to eventually live in one unit while a tenant helps cover the mortgage, 21 Royce St is a solid opportunity in a convenient Rutland City location.
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