Rutland City, VT | 38 Baxter Street

Attention visionaries and portfolio builders: here's a two unit multifamily with two bedrooms in each unit, located on 2,474 square feet of raw potential and a convenient location. This building is a canvas waiting for a confident brush. The bones are solid, the footprint is generous, and the opportunity to add real value is genuine whether you're refreshing tired finishes, reconfiguring layouts, or transforming the space into rental income. Savvy investors will recognize immediately what a property like this can become with a thoughtful renovation plan and a little imagination. First-time buyers or skiers eyeing house-hacking, meanwhile, can occupy one unit while tenants help cover the mortgage. The layout offers flexibility, giving you room to shape the configuration that suits your goals. Downtown sits within easy walking distance, meaning coffee shops, restaurants, and errands are all reachable on foot, a perk that keeps quality tenants interested and leases signed. The Marble Valley Regional Transit are just minutes away, making car-free living a legitimate option. Adventure seekers, take heart: the legendary slopes of Killington sit a scenic drive east, promising world-class skiing and four seasons of mountain recreation practically in your backyard.

Spacious Two Family Home with Large Barn, Updated Systems & Excellent Investment Potential Welcome to this spacious and well-maintained two family home situated on a level, fully fenced lot in a desirable section of town. The property offers an excellent combination of comfortable living space, rental income potential, and valuable additional space for a garage, workshop, office, or business use. Each unit features three bedrooms, and both units are currently occupied by long-term tenants. The rents are well below current market rates, providing a significant opportunity for a new owner to increase rental income over time. The home has separate heating systems, pex & copper 100% redone, along with two fairly new oil tanks. The owner currently pays for heat, and the heating expense is included in the property’s operating expenses. The plumbing has been substantially updated, with PVC plumbing throughout all of the property, including the main water line to the house. Each apartment has its own 100 amp electrical service, while the large barn/workshop is equipped with an impressive 200 amp electrical service. the electrical system has also been updated, including hardwired smoke detectors The property also offers flexibility for an owner occupant or investor. With the existing layout and utilities, there may be an opportunity to reconfigure the property so that one unit is used primarily by the owner. One of the property’s standout features is the huge barn, currently used by the owner as a garage, office, and workshop. It provides an exceptional amount of additional space for vehicles, equipment, storage, hobbies, or a potential home-based business. The location is another major advantage conveniently close to shopping, restaurants, services, and other everyday amenities, while being situated in a very nice section of town. Whether you’re looking to live in one unit and have the other help pay your mortgage, or you’re seeking an investment property

Great location and great opportunity for income. Some work needs to be done to get the property into tip top shape. Current owner is living in one unit and the other is rented. The garage needs major rehab or demo.

Excellent investment opportunity in a convenient Rutland City location! This duplex features two spacious units, each offering 2 bedrooms and 1 full bathroom, making it an attractive addition to any investment portfolio. Both apartments are occupied by long-standing tenants who have provided stable rental history, while current rents remain well below market value, offering significant upside potential for future income growth. Situated just minutes from downtown Rutland, shopping, restaurants, schools, and everyday amenities, the property offers the convenience tenants are looking for. Whether you're an experienced investor seeking to increase cash flow over time or someone looking to add a solid multifamily property to your portfolio, this duplex presents an excellent opportunity with built-in value-add potential.

Welcome to 38 Baxter - A true duplex in the city of Rutland. Walkable and convenient location. The opportunities are endless with this property whether you choose to owner occupy and have the upstairs tenants offset your mortgage or should an investor wants to rent both out. This property does need some TLC, but you can't beat this price! Call to schedule your private viewing today and come one step closer to expanding your portfolio or finally taking the leap into home ownership.