Properties Near 74 Harrington Avenue Rutland City, VT

High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.

Two buildings on one lot, with this exceptional investment opportunity featuring two duplex buildings being sold together in a highly desirable location. Offering a total of four income-producing units and a strong rental history, this property presents a turnkey addition to any investor’s portfolio. The first building consists of two comfortable two-bedroom units, each equipped with the convenience of in-unit washer and dryers. The second building offers two spacious three-bedroom units, each with their own washer and dryer located in the basement, providing added functionality and tenant appeal. Perfectly situated within walking distance to local shops and everyday amenities, the location enhances the overall desirability for tenants. A shared driveway connects the two buildings, and a one-car garage adds additional value and practicality. Pride of ownership is evident throughout, with both buildings being well maintained by the current owner and respectfully cared for by the tenants. Combining location, condition, and reliable income potential, this is a standout opportunity for investors seeking a solid and well-performing property.

78 North Main Street presents a compelling opportunity for investors and owner-occupants alike. This fully renovated, turnkey, 3 unit, mixed use commercial or residential apartment building, is well positioned along a highly visible stretch of North Main Street. This well-located property benefits from steady traffic counts, strong street presence, and convenient walking access to local stores and shops, as well as downtown amenities, retail, dining, public transportation, Rutland Regional Medical Center, and World Class skiing at Killington/Pico Resorts less than 20 minutes away. Lake Bomoseen and Lake St. Catherine are only 30 minutes away, along with numerous other lakes, trails, bike paths, golf courses and more. Whether you’re seeking a strategic addition to your investment portfolio, an Airbnb opportunity, or an owner occupied multi-unit second property for vacationing, or a place to establish and grow your own business, this property offers flexibility and long-term upside potential. The building’s layout lends itself to a variety of uses, with ample space to configure for office, retail, service-based operations, or mixed-use possibilities (subject to local approvals). Prominent frontage enhances signage visibility and brand exposure, while on-site features support both customer access and operational efficiency. For investors, this property represents an opportunity to secure an asset in a central, established corridor with strong rental appeal. For owner-occupants, it’s a chance to control your overhead, build equity, and operate from a recognizable, easily accessible location. With its prime positioning and versatile potential, 78 North Main Street is ready to support your next venture or investment strategy. Schedule your showing today!

Well-maintained 3-unit multifamily property offering immediate income with upside potential. The building includes a 2-bedroom, 1.5-bath unit, a 1-bedroom, 1-bath unit, and an efficiency studio apartment. Two units are currently leased, providing steady rental income, while the 2-bedroom unit is owner-occupied and will be delivered vacant at closing. This setup offers flexibility for investors seeking a mix of stability and opportunity. Current rental rates appear to be below market, offering potential for increased income. A new owner can choose to lease the vacant unit for full income production or occupy the space while benefiting from rental income from the other units. The property has been well cared for and is already operating as a functional multi-unit, allowing for a smooth transition. Conveniently located near local amenities, this is a strong opportunity for investors looking to add a performing asset with room for growth.

Single family living, but in a duplex with the potential for extra income! This beautiful 1920's duplex in the heart of Rutland City offers the best of both worlds. A charming townhouse style unit along with personal garage space to call your own, with a mortgage-helping tenant right next door. Set on a .17 city lot, just across the street from Rutland Intermediate School, this classic two-story home is full of character and ready for its next owner. Each of the spacious three-bedroom units welcomes you with a front porch, the perfect spot for morning coffee or unwinding in the evening. Step inside to an open concept living area that flows naturally into a formal dining space, showcasing beautiful built-ins that add warmth and timeless charm. The layout continues into a well appointed kitchen, complete with a convenient water closet just off the back, keeping everyday living practical and comfortable. Upstairs, each unit offers three bedrooms and a full bathroom. Both units are currently leased on a month to month basis. Tenants pay their own electric, heat, hot water, internet, trash, and TV service, keeping your operating costs lean. The home features beautiful hardwood and vinyl flooring, oil heat with radiators, shared driveway, ample parking, and a one car garage under each unit. The walkout basement/garage offer tremendous storage space. Located across from the intermediate school, near public transportation, shopping, downtown Rutland, and local parks convenience is truly at your doorstep. In today's market, finding a beautiful, charming home at this price point, is nearly impossible. With built in rental income, classic Vermont charm, and an unbeatable location, this property won't last long. Inquire to schedule a showing.

Completely renovated and ready to perform. This turnkey duplex at 29 Hopkins Street in Rutland City offers two spacious units, each with 3 bedrooms and 1 full bath, an ideal setup for investors or owner-occupants looking to offset their mortgage. Everything has been done. New siding, new roof, new windows, fresh paint throughout, and beautifully refinished wood floors that add warmth and character to each unit. Both apartments feature all new appliances, making them immediately move-in or rent-ready without lifting a finger. The upper unit offers even more with access to a finished third floor that creates excellent bonus space, complete with two closets. Perfect for a home office, playroom, or additional living area that sets this unit apart. Utilities are already separated, simplifying management and maximizing flexibility. With strong rental demand in Rutland and 3-bedroom units typically commanding around $1,800/month, this property is well-positioned for solid cash flow. Vacant and ready for immediate occupancy or tenant placement. Clean, updated, and easy to rent!

Fantastic 2-Family Opportunity in a Desirable Rutland City Neighborhood! This well-maintained side-by-side duplex offers the perfect blend of comfort and investment potential. Each unit features 3 spacious bedrooms and 1 full bath, with plenty of natural light and a functional layout. The property includes a detached two-car garage, ideal for storage or parking during Vermont winters. Conveniently located near shopping, restaurants, schools, and year-round recreation including skiing, hiking, and biking. Whether you're looking for an owner-occupied investment or a solid addition to your rental portfolio, this Rutland City gem delivers both location and value.

Welcome to 78 Harrison - This 4 unit multifamily property is well maintained and ready for it's next owners! A perfect candidate to add to your portfolio with a 10% cap rate and is fully occupied with market appropriate rents. Quiet, yet walkable location great for getting around to everything you need, but also tucked away enough to take a moment from the hustle and bustle of city life. Don't miss your chance to snag up this money-maker opportunity! Call us today to schedule your private showing.

Step into a piece of history with this well-maintained turn-of-the-century duplex, perfectly situated for comfortable living or smart investment. Built in 1900, this two-family home blends classic architectural details with practical, move-in-ready spaces that are ideal for owner-occupants, house-hackers, or investors seeking steady rental income. The first-floor apartment offers a spacious 3-bedroom layout with generous living areas bathed in natural light. You'll find ample room for comfortable living and dining, plus easy flow to the functional kitchen featuring spacious cabinetry, ample countertops, and essential appliances. Multiple windows and classic baseboard heating ensure year-round comfort. Upstairs, the second-floor apartment provides a cozy 2 bedroom retreat with its own distinct character. Bright interiors, thoughtful room sizes, and separate access make it perfect for tenants or extended family. Both units enjoy good natural light, practical storage, and a layout that feels private yet connected within the shared building. Additional highlights include: Off-street parking for convenience and peace of mind, separate entrances for each unit, classic hardwood floors in select areas, along with durable carpeting and tile, a full basement and attic space offering excellent storage potential, a covered front and side porch and inviting curb appeal that welcomes you home and much much more. Whether you're looking for a primary residence with rental income from one unit, a full investment property, or a multi-generational setup, this duplex delivers flexibility and timeless appeal. The 1900 construction brings character with high ceilings, solid bones, and neighborhood charm. While the current updates make it easy to appreciate or rent immediately. Don't miss this rare opportunity to own a slice of history with modern livability. Schedule your private showing today and imagine the possibilities. Welcome Home!

90 River Street offers a great opportunity for buyers looking for flexibility, charm, and long-term potential. This well-maintained two-unit multi-family property features bright, spacious interiors, hardwood floors, generous living areas, and the convenience of off-street parking. A large backyard adds even more appeal, providing space for gardening, entertaining, or simply enjoying the outdoors—an uncommon find this close to downtown. Set just minutes from Rutland’s shops, restaurants, public transportation, and everyday conveniences, the location works well for both owner-occupants and tenants alike. Whether you are looking for a primary residence with rental income, a second home, or an investment property, this property offers options to fit a variety of goals. With classic character, practical updates, and a setting positioned to benefit from ongoing city improvements, including downtown revitalization and infrastructure enhancements, 90 River Street presents strong upside for the future. Add in close proximity to Killington and Pico, plus nearby lakes, hiking, and year-round recreation, and this is a property that delivers both convenience and value. A smart opportunity for homeowners and investors alike.

This well-maintained multi-family home offers charm, functionality, and great living space for both units. Unit 1 spans the first floor with 2 spacious bedrooms and a full bath, featuring a large kitchen with center island, formal dining room, and bright living room—all highlighted by beautiful hardwood floors and abundant natural light. The second floor offers bonus living space with an additional bedroom, full bath, and storage room, ideal for guests, a home office, or extra income. Enjoy the outdoors from the side and back porches, with access to a generous backyard. Basement access with washer and dryer hookups. Unit 2 features a sunny eat-in kitchen, cozy living room, one bedroom, and a full bath, also with hardwood floors throughout. Tenants pay their utilities. The landlord covers the heat—the exterior needs painting. A solid investment opportunity or a perfect setup for owner-occupancy with potential rental income!