Rutland City Vermont Real Estate

Discover this income-generating duplex with an upstairs unit. The home features hardwood floors topped with newer carpet and updated kitchen cabinets with what appears to be granite counters. The roof is approximately 5 years old. Electrical and plumbing systems have been updated as needed. The basement is reported to have no water or foundation issues. Note the ongoing kitchen expansion project, which is unfinished. **SELLER ASSISTED BY POA. DO NOT UNDER ANY CIRCUMSTANCES KNOCK ON DOOR OR GO TO PROPERTY WITHOUT SETTING AN APPT.**

Great opportunity for an investor with a cape rate over 11.5% or for an owner occupied live in one unit and let the other unit pays for your expenses. Gross yearly income currently is $33360, and yearly income is over $20k, well maintained property in close proximity to all shoppings.

Wonderful location in nice area with Bus stop out front. Well maintained units. Bsmt unit fully renovated down to studs, fully foam insulated. Owner pays Oil, Trash,Lawn,Plowing. Basement unit is elec heat and tenant pays own heat. Agents see remarks for showing info. Roof approx 10 yrs old,2nd Floor unit to be getting 2 new vinyl replacement windows. Two ceiling lights in Up unit kitchen not included, as they are tenants. Owner leaving basement unit vacant temporarily, yet may place tenant.Purchaser to handle IRC. Only 2 tours could post, 3rd Basement unit, I can email, please inquire.

Opportunity knocks with this 4-unit multifamily property located in the heart of Rutland City! Featuring three completed units—two of which have been recently renovated with modern finishes—this property is perfect for investors looking to generate immediate rental income. The fourth unit has been gutted to the studs, offering a blank canvas for the next owner to bring their vision to life. With its flexible potential and prime location, this property is an excellent investment opportunity. Whether you’re an experienced investor or just starting, the opportunity to finish the fourth unit and maximize rental potential makes this property a must-see. Don’t miss your chance to own this versatile investment property!

Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let’s make a deal!

Renovated, updated, well-maintained, 100% occupied, 2-unit multi-family, investment opportunity. Unit 1 on the main floor and Unit 2 second floor. Unit 1 includes three bedrooms, one bath, washer and dryer laundry space, and a shared entry mudroom accessed from the parking area. Unit 2 has two bedrooms, one bath, a laundry room with hookup (unit 2's tenants own the washer/dryer), a storage area, and shares the entry mudroom. Ample parking in the rear of the property. The property's apartments allow up to 5 inhabitants in unit 1, up to 3 in unit 2, and it's location meets the needs of both the Rutland City area and Killington workforces. The building has a current CO. A great investment opportunity!

Spacious and versatile 5-bedroom, 2-bath home on a double lot in Rutland City with a two-car garage, screened porch, and back porch—perfect for enjoying Vermont’s seasons. This property offers incredible potential: keep it as a large single-family home with multiple living spaces, or convert it into a duplex with a 3-bedroom unit and a 2-bedroom unit. With two kitchens already in place, the layout is ideal for multi-generational living or rental income. The main level features a large living room with a fireplace, a family room, one bedroom, two full bathrooms, and two kitchens. Upstairs you’ll find four additional bedrooms. The generous floor plan and flexible layout offer endless possibilities for customization. Set on a double lot with plenty of outdoor space and off-street parking with two driveways, this home is a rare find with excellent potential in a convenient city location. Also listed as MLS #5036510

This charming and spacious two-family home offers flexible living and income potential just minutes from downtown Rutland, Rutland Regional Medical Center, and a 20-minute drive to Killington Resort. Perfect for owner-occupants, multi-generational living, or investors! The main-level unit features two oversized bedrooms, a 3/4 bath, a spacious living room, and a large eat-in kitchen with washer/dryer and direct access to a three-season porch overlooking the backyard. The upper-level unit is a bright and cozy 1-bedroom, 1-bath with an open kitchen/dining area, living room, and its own washer/dryer—currently used as a successful short-term rental generating $1,400/month. Option to sell furnished for a turnkey investment! Additional highlights include a full basement with workshop space, a detached two-car garage with upper-level storage, two separate driveways, a private back deck, raised garden beds, and a welcoming front porch. Don’t miss this opportunity to own a well-maintained and income-producing property in a prime location!

Bring your vision and tools—this massive property is ready for transformation. Once a 23-room boarding house, this impressive structure has been partially converted into a 4-5 unit multifamily building, with each unit designed to have 4+ bedrooms when complete. One of the units has been thoughtfully designed to meet ADA requirements. The groundwork has been laid, but there's still a long way to go—this is a true project for investors, developers, or ambitious owner-occupants. Previously permitted for 4 units, the city has indicated a 5th unit may be possible, and the sheer size of the building leaves room for even more (with proper permitting). Situated on a large lot with ample parking, this property offers endless potential for someone ready to roll up their sleeves and finish what’s been started. This property is best suited as a cash sale or possibly a rehab/construction loan.

Investment Opportunity in Rutland, VT! Welcome to 33 Summer Street, a four-unit multifamily property in a prime Rutland location. This property features three newly renovated units, offering modern amenities and updated finishes. Situated close to local amenities and public transportation, this property is ideal for attracting tenants. Whether you're looking to expand your portfolio or start investing in real estate, 33 Summer Street presents a promising opportunity. Don't miss out on this excellent investment with great potential for steady rental income.

Beautiful five bedroom Victorian home with a two bedroom apartment above a detached two car garage. The home is occupied by the seller and apartment is currently rented. Certificate and documentation for Lead Base Paint and Asbestos Abatement of both the house and garage are provided (2005). The house is lovingly maintained and the exterior freshly painted in 2024. A covered porch welcomes you to the front door and entrance to the living room which has a fireplace with a wood burning insert stove, perfect for taking the chill off cool Vermont nights. Through wooden pocket doors you find a large den, play room or office space if needed. A spacious kitchen with a large island to provide plenty of counter space for entertaining. Separate dining room, full bathroom and a combination pantry/laundry complete the first floor. There are five bedrooms with ample closets and another full bathroom on the second floor as well as a second stairway to the third floor attic. Here there is room for storage or extra play area. The detached garage has an apartment with two bedrooms, a kitchenette, den and bathroom all on the second level. A deck off the south side is a bonus area for morning coffee during the warmer months. The private, partially fenced back yard is enhanced with lovely perennial gardens, a patio and a second covered side porch. Located a convenient distance to downtown, schools and skiing at Pico/Killington. This property also listed as a single family residence MLS# 5036419.

Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.

Investors and multi-generational buyers take notice: This fully renovated, income-producing duplex in a desirable Rutland neighborhood offers the perfect blend of comfort, versatility, and strong financial returns. Just a short distance from top ski resorts and year-round outdoor attractions, this well-appointed property delivers a 12% annual return. The home is configured as two separate units: Main Unit: 4 Bed | 2.5 Bath – Currently a high-performing Airbnb with consistent 5-star reviews and a solid booking history throughout the recent peak season. Ideal for continued short-term rental income. Secondary Unit: 1 Bed | 1 Bath – Formerly owner-occupied, this self-contained space offers strong rental potential or serves perfectly as a guest suite or in-law apartment.The entire property was taken down to the studs and rebuilt with all-new electrical, plumbing, and HVAC systems, along with modern finishes for long-term durability and ease of maintenance. Don’t miss this rare investment opportunity in Rutland, Vermont. Open House June 7th 10-12 June 8th 10-12

Don’t miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units—key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today!

Well maintained 100% occupied 7 unit located in central Rutland neighborhood. This 7 unit property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income of ~$58K (12% cap without management fees). A new owner can step into to this turnkey investment, projected to yield over a 18% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 7plex ahead of the historic multibillion dollar development occurring nearby at Killington, which is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.

Three great Buildings with huge net income potential! This smart investment includes five total units, four of them being two-bedroom units and the fifth being a single bedroom upstairs unit above the converted barn. The first floor of the barn could be used for storage or a workshop. Yearly gross income potential is $93,600 with slight rent increases. Recent upgrades include a new boiler system in the barn apartment, exterior painting and contractor capital improvements totaling more than $73,000. Showings to begin on Saturday (4/19).

1800's Historical Rutland City Mansion formerly the Lawrence Recreation Center/Reynolds House. Currently 4 Condominiums restored to her original grandness but improving her exterior and interior systems for the next century. State of the art insulation, custom ordered windows, newer roof, plumbing and electrical. All units have separate electrical meters. The home has a newer boiler with all original steam radiators. Newer roof and French trench around entire house. Exterior painting to include removing years of paint on marble trim. Updated kitchens and baths with new plumbing and electrical wiring. The top floor Unit #4 was renovated with hardwood floors, stainless steel appliances and a great room, incredible mountain and city views from every room. Master and guest bathrooms are adorned with custom Turkish tiles, granite counter tops, and center island...