Rutland City Vermont Real Estate

Well-constructed 4-unit apartment building in Rutland with strong long-term potential for rental income and value growth. Distinctive architecture and unique finishes give the property character and options. While this building is in need of rehab: separate heating and hot water, on-site laundry, off-street parking for several cars, low-maintenance yard space, easy access to public transit and downtown Rutland amenities, close to schools, shops, restaurants, and recreational areas this property will surly draw in future tenants.

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.

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.

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!

TURN KEY INVESTMENT OPPORTUNITY: Fully occupied, well-maintained and locally owned and managed property deserves your attention. Rutland continues to offer a strong and stable rental market, driven by consistent demand and a community that values long-term residency. The building is home to reliable, conscientious tenants who would like to stay, providing immediate and predictable cash flow. Rutland is known for its vibrant downtown with year round activities and strong sense of community This property is conveniently located near schools, shopping, dining, entertainment, and outdoor recreation for all ages, including Pine Hill Park and the Killington/Pico resort areas. Updates include vinyl siding, replacement windows and doors, and other key improvements-please refer to the Seller’s Property Information Report for a complete list. Showings require a minimum of 48 hours’ notice, preferably Monday–Friday between 9:00 a.m. and 3:30 p.m., Saturday after 1pm and No showings on Sundays.

Looking to get into home ownership and like the thought of having a tenant help offset your mortgage? Look no further! This well-maintained two-unit property is ideal in size, condition, and location. The first floor is currently vacant, making it the perfect opportunity for an owner-occupant to move right in, or for an investor to hand-pick their own tenant. Thoughtful upgrades throughout include radon mitigation and a mini split in each unit. Residents will appreciate the level city lot with off-street parking for four cars, proximity to Whites Pool and Playground, RRMC, Downtown and World Class Skiing at Killington. Each offer 2 bedrooms and 1 bath. Don't miss this opportunity in Rutland City!"

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.

Completely renovated two-unit multifamily in convenient Rutland City location. Each unit features brand-new kitchens with soft-close cabinetry, new bathrooms, new electrical, new plumbing, new windows and new high-efficiency propane heating systems. Each unit offers 3 bedrooms and 1 bathroom. with separate utilities including heating systems. Property is turn-key and ready for occupancy. Close to all city amenities, shopping, dining, and schools. Just 30 minutes to Killington Resort. Whether you’re looking to owner-occupy and let rental income offset your living expenses, or add a turnkey property to your investment portfolio, this is a rare find. Few multifamily homes are renovated to this level—schedule your showing today

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.

CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad tenant base including professionals, students, and long-term local renters. Several thoughtful renovations and updates have already been completed, reducing near-term capital expenditure needs and supporting tenant retention. With solid in-place income and additional upside potential through future rent adjustments, cosmetic improvements, or operational efficiencies, this property offers both immediate cash flow and long-term growth opportunity. Whether you’re an experienced investor or expanding your portfolio, this multi-unit asset delivers income stability and scalability in a strong Vermont rental market.

Solid investment opportunity meets modern living in this completely updated 4 UNIT MULTIFAMLIY property that's ready to generate income from day one. This impressive 4 unit offers- (two) 2 bedrooms and (two) 1 bedrooms apartments each with their own washer/dryer in units. Every major system has been upgraded for worry-free ownership—think brand new wiring, fresh plumbing throughout, and crisp new vinyl siding that provides both amazing curb appeal and low maintenance for years to come. Each unit has been beautifully renovated and comes equipped with its own washer and dryer, a feature tenants absolutely love and will pay premium rents to enjoy. With heat included in the rental packages, you'll attract long-term residents who appreciate the value and convenience this property delivers. The generous lot size provides ample outdoor space, including a charming picnic area perfect for tenants to enjoy Vermont's gorgeous seasons. An abundance of parking ensures residents never have to hunt for a spot after a long day. The location adds significant value. Residents enjoy walkable access to Market 32 for grocery runs, while Marble Valley Regional Transit make commuting a breeze. Rutland Regional Medical Center sits nearby for peace of mind, and adventure seekers will love the proximity to Killington Ski Area—a major draw for winter enthusiasts.*Also being sold as a package deal with SF MLS# 5074135 for $1,100,000.

One of Rutland's most unique properties, in a very convenient location within an easy walking distance to downtown. Creatively designed and meticulously cared for, there is more to see than meets the eye. Close to skiing, golf, lakes and other recreation such as the renowned Pine Hill Bike Trail system. Owned and occupied for decades by a local professional who not only lived in the gorgeous owner's unit, but ran her business from there as well. Current Pro-Forma reflects over $52K in annual net income. Projections including owner's unit rent supports a very strong return. Must be seen to be truly appreciated.

Incredible 12.5% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-performing 6-unit multifamily property features six (6) 2-bedroom, 1-bath units, each offering open-concept layouts that appeal to today’s renters. With tenants paying their own electric, operating expenses are kept in check, supporting strong and efficient cash flow. The property generates $92,100 in gross annual income and is ideally situated within walking distance to downtown Rutland, with convenient access to public transportation, restaurants, retail, and essential services, fueling consistent rental demand in this desirable location. Adding to the upside, the adjacent property at 17 Kingsley Court, with the same footprint, is also available, presenting a rare opportunity to acquire side-by-side assets for portfolio expansion and operational efficiency. Whether you’re an experienced investor or looking to scale your holdings, this multifamily offering delivers income stability, flexibility, and long-term growth potential in a strong Vermont rental market.

Excellent 12.35% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity awaits! This 6-unit multifamily property offers six (6) 2-bedroom, 1-bath units featuring open-concept floor plans designed for comfortable, efficient living. Tenants are responsible for their own electric, helping to keep operating costs low and returns strong. With $91,200 in gross annual income, the property benefits from a walkable Rutland City location, just minutes from downtown, public transportation, dining, retail, and everyday conveniences, supporting steady demand and reliable occupancy. For investors seeking scale, 15 Kingsley is an adjacent property with a similar footprint, creating a compelling opportunity to acquire neighboring assets and maximize operational efficiencies. Ideal for both seasoned investors and those expanding their portfolios, this multifamily asset delivers solid in-place income with long-term upside in a resilient Vermont rental market.

Located in the heart of Historic Rutland City, this fully renovated and income-producing triplex offers a rare turnkey investment opportunity. Featuring 11 bedrooms and 6 full bathrooms, the property is configured for high-efficiency, dormitory-style living and comfortably accommodates up to 20 occupants. The building has been thoughtfully updated and styled for function, durability, and long-term performance. Recent improvements include reconfigured layout including electrical, plumbing/ heating systems; with newly renovated bathrooms, new laminate flooring/ carpet throughout, new stainless steel appliances, and brand-new 2 coin-operated laundry facilities. All furnishings convey with the sale, allowing for a seamless transition and continued revenue from day one. Currently operating with rental contracts with steady year-over-year income in place, this property provides immediate cash flow and stability for investors. The layout and capacity make it ideal for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in desirable Historic Rutland City, (TIF District) close to downtown amenities, transit, employers, and area attractions, this property combines strong rental demand with a fully operational setup. This is a true plug-and-play multifamily investment with established income, updated systems, and minimal startup costs.

Exceptional 13.8% cap rate! Fantastic Multi-Family Investment Opportunity in Rutland City. Well-located and recently renovated 6-unit multifamily property in Rutland City, now fully occupied. The building includes six 2-bedroom, 1-bath units and is positioned to generate $110,100 in annual gross income with a net operating income of $90,991 at current rents and expenses. At the current asking price, this equates to an approximate 13.8% cap rate, making this a standout opportunity for cash-flow-focused investors. Located within walking distance to downtown Rutland, the property benefits from strong rental demand thanks to easy access to public transportation, restaurants, retail, and essential services. With stabilized occupancy in place, this property offers immediate income along with future upside through rent growth or operational efficiencies. A compelling option for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market.

Exceptional 13.37% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-maintained 8-unit multifamily property features a desirable and diversified unit mix of six (6) 2-bedroom, 1-bath units and two (2) studio apartments. The building has been thoughtfully cared for and is supported by many long-term tenants, contributing to stabilized occupancy and reliable performance. Generating $113,880 in gross annual income, the property is located within walking distance to downtown Rutland, benefiting from strong rental demand driven by easy access to public transportation, restaurants, retail, and essential services. Investors will appreciate the immediate income in place, along with future upside potential through rent growth, cosmetic improvements, or operational efficiencies. A compelling opportunity for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market, this property offers both stability today and growth potential for the future.