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.
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.
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
**Turn Key Buy and Hold Investment in Rutland City!** Looking for a solid buy-and-hold in Rutland City? This is it. This meticulously maintained multi-family has been extensively updated since 2020 and is ready for its next owner, including: - New electrical panel (2022) - Plumbing and electrical updates (2020) - New oil tank (2024) - New chimney (2021) - Complete remodel, including a new kitchen in Apartment 2 (2021) - New appliances (2020) - New deck (2022) - New boiler to be installed before close (2026) Each unit offers 2 bedrooms and 2 baths with generous living space, a private deck, and off-street parking. A barn/outbuilding on the property provides extra storage, currently used by the Apartment 1 tenant. With a flawless occupancy history and a prime location close to schools, parks, and downtown Rutland, this property offers long-term stability for any investor. It's currently producing a 4% CAP rate — and with rents still priced below market, there's built-in upside from day one. Move in ready as-is, or unlock even more value: convert to cold-climate heat pumps and pass energy costs on to tenants, a strategy with the potential to boost the CAP rate to 5.5%. Don't miss this rare opportunity to add a stable, updated multi-family to your portfolio.
Versatility is the name of the game with this turnkey Five-bedroom, two-and-three-quarter-bath property that wears many hats beautifully. Whether you're dreaming of a spacious single-family residence, a multi-family income generator, or a thriving short-term rental venture, the flexibility here is genuinely rare—and the heavy lifting has already been done for you. Move right in without lifting a paintbrush. Everything is ready to go, which means you can start living, hosting, or earning from day one. The proven vacation-rental potential makes this an especially smart play for buyers who appreciate a property that pays its own way while you enjoy the perks of Vermont ownership. Step outside and the appeal only deepens. A generous lot offers room to garden, gather, or simply breathe, while convenient parking keeps everyday comings and goings refreshingly hassle-free. At a price point designed to turn heads, this is the kind of value that makes savvy shoppers do a double take. Location seals the deal. Pine Hill Park sits practically around the corner, rewarding hikers and bikers with miles of wooded trails. Golfers can tee off at the nearby Rutland Country Club, and peace of mind comes easy with Rutland Regional Medical Center close by. When winter arrives, the legendary slopes of Killington Resort are roughly twenty minutes away, and the local train station keeps regional travel simple. Opportunity, comfort, and income potential rarely arrive in one tidy package—so seize the moment and schedule your showing today.
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!
Queen Anne Style Circa 1892. 2 &1/2 story gable roof with shingle work, Queen Anne Porch, Distinctive door and Rafter tails. 4 BR and 3 full baths total in a 3 unit multi-family on a .18 ac. city lot on a lovely city street in Rutland close to all amenities. (1) 2 bedrooms and (2) 1 bedroom units. Annual Property Operating Data on file at the office.
Back on market because buyer lost financing - no fault of the property! 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!
A solid investment or owner-occupant opportunity awaits at 52 South Main Street in Rutland City. This well-maintained four-unit property features four one-bedroom apartments offering clean, comfortable and practical living spaces. The building has benefited from several important improvements that help take some of the uncertainty out of owning an older multifamily property. The asphalt roof and vinyl siding are approximately 12 years old, the boiler is approximately 5 years old, and vinyl replacement windows are found throughout. The apartments themselves are clean and reasonably updated—simple, functional spaces that have been well maintained without trying to be something they're not. Current rents are believed to be below today's market, providing a new owner with potential for increased income over time. Ample off-street parking adds convenience, and the central Rutland location makes it easy to reach downtown, shopping, medical services, employment and major travel routes. For an investor, this is a manageable four-unit with many of the larger building improvements already completed and potential upside in the rents. For an owner-occupant, it offers the opportunity to live simply while three additional apartments help support the cost of ownership. Clean, practical and conveniently located, 52 South Main Street offers a straightforward multifamily investment with room for future income growth.
Investment Opportunity in Rutland, VT! Welcome to 33 Summer Street, a four-unit multifamily property in a prime Rutland location. This property features three renovated units with modern amenities and updated finishes. The exterior has been freshly painted, the old unused chimney has been removed, and a clean Certificate of Occupancy is in hand, offering added peace of mind for the next owner. Conveniently located close to local amenities and public transportation, this property is well positioned to attract tenants. Whether you're looking to expand your portfolio or start investing in real estate, 33 Summer Street presents an excellent opportunity with strong potential for steady rental income.
Great investment opportunity or owner-occupied property in the heart of Rutland City! This very well-maintained duplex offers a 3-bedroom unit on the first floor and a spacious 1-bedroom unit upstairs. Both units offer functional layouts with plenty of living space and the convenience of being located close to downtown, shopping, dining, schools, parks, and other Rutland City amenities. The property has been thoughtfully cared for and provides an excellent opportunity for an investor looking to add a solid income-producing property to their portfolio or an owner-occupant looking to offset their mortgage with rental income. The spacious first-floor unit provides three bedrooms, while the upstairs unit offers large manageable one-bedroom layout. A convenient central location, versatile unit sizes, and well-maintained condition make this duplex a property worth exploring.
A great opportunity for investors or owner-occupants! This well-maintained two-family property in Rutland City offers two spacious, two-bedroom apartments, each with a full bath, washer and dryer hookups, and their own single-car garage. Recent improvements include freshly painted interiors and refinished hardwood floors. A slate roof in good condition, separate driveways, two covered front porches, and a fully fenced backyard add to the property's appeal. The first-floor apartment is currently rented for $2,000 per month, includes heat, while the second-floor apartment is being offered for rent at $1,900. With potential gross annual rental income of $46,800, this property offers an opportunity to expand an investment portfolio or enjoy the benefits of owner-occupied living with rental income, subject to occupancy. Conveniently located near shopping, restaurants, grocery stores, and Rutland Regional Medical Center, with easy access to Killington and the area's year-round recreational opportunities. A solid two-family property offering flexibility, convenience, and income potential. Whether you're looking to expand your investment portfolio or enjoy the benefits of owner-occupied living with rental income, this versatile property checks all the boxes!
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.
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.
*SELLERS ARE OFFERING $1,000 TOWARD THE PURCHASER’S CLOSING COSTS AND/OR AN INTEREST-RATE BUYDOWN!* 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.
PRICE REDUCED! Two beautifully renovated residences, one compelling opportunity: this newly listed Rutland City multifamily property combines modern comfort with the flexibility of two separate apartments. Each apartment offers a refreshed setting with contemporary appeal, giving residents spaces that feel current, inviting, and easy to enjoy. The upper level apartment features an electric fireplace in the living room adding warmth and character, creating a natural focal point for quiet evenings or relaxed gatherings. While each unit includes an in unit washer and dryer hookup conveniences simplify weekly routines. Newer windows, vinyl siding garage roof, soffit, fascia and front porch. Roof is 12 yrs old. Private porches extend the living experience outdoors, offering each apartment a welcome place for morning coffee, fresh air, or an end-of-day pause. With five bedrooms and two bathrooms overall, the property presents a practical configuration for an owner occupant, seasoned investor, or buyer beginning a rental portfolio. Live in one apartment while leasing the other, or rent both to pursue dual income potential. This low maintenance property creates an income producing property without any major repairs. Everyday convenience is close at hand, with shopping, dining, entertainment and the farmers market nearby for errands and Marble Valley Regional Transit offering useful connections around the city. When the weekend calls for mountain time, Killington Ski Area is within driving distance for skiing and year-round recreation. That blend of local access and regional adventure can broaden appeal for residents while supporting long-term rental value. Explore the possibilities this stunning property provides schedule your private showing today and see how modern renovated interiors, separate apartments, and inviting outdoor spaces could strengthen your next real estate move.
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.
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.
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!
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!
HISTORIC CHARACTER. MODERN RENOVATION. TURNKEY APARTMENTS. This handsome circa-1900 building has been thoughtfully transformed from professional offices into five distinctive one-bedroom apartments, combining modern, low-maintenance living with the craftsmanship and character of the original building, being sold "as is". Original hardwood floors, tall ceilings, beautiful woodwork and trim, and large windows, offering abundant natural light, have been preserved throughout. No carpeting. Each apartment features a brand-new kitchen and bath, with a clean, bright, and comfortable feel. The renovation goes well beyond cosmetics, with updated wiring, plumbing, central air conditioning, propane hot-water baseboard heat, an air ventilation system, and a fire alarm system. Excellent off-street parking adds to the convenience. Four of the five apartments are currently rented, with the fifth needing finish-work to complete.This creates an attractive opportunity for an investor seeking to own a substantially completed income-producing property, or an owner-occupant who would like to live in a beautifully renovated 5th apartment while receiving rental income from the other four units. Located just a few blocks from downtown Rutland, with convenient access to shopping, dining and recreation. An easy drive to world class Killington-Pico ski resorts and Lake Bomoseen and Lake St Catherine too. Turnkey, beautifully renovated and filled with character—92 Center Street is not your typical five-unit property. A must see!
Your next investment opportunity is here! This property consists of six 2-bedroom 1-bathroom units. All, but 2 of the units have 2 floors with living space on the first floor and bedrooms on the second floor. Very spacious units that have been nicely updated. Tenants pay their own electric. Shared laundry on site. If you are looking to add to your portfolio, up to 31 units are available, see MLS #'s 4987681, 4987682, 4987685, and 4971745.
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