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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By KC Gandee Real Broker LLC

Est. payment -/mo

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Active

75 North ST Rutland City, VT 05701

4 Beds

3 Baths

2,336 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,336 sqft

MLS Listing ID 5103767

Style Multi-Family

Bedrooms 4

Full Baths 3

Construction Status Existing

Year Built 1900

Annual Tax Amount $5,952

Tax Year 2026

Lot Size 10,890 Sqft

Acres 0.25

Property Description

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!

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning RESD 1

Rooms

Basement Dirt Floor, Unfinished

Interior

Heating Boiler

Cooling None

Exterior

Parking Features Yes

Garage Spaces 2.0

Utilities Available Cable, Phone

Roof Type Shingle

Building

Lot Description City Lot, Corner, Level, Open, Sidewalks, In Town, Near Country Club, Near Golf Course, Near Paths, Neighborhood, Near Public Transport, Near School(s)

Story 2

Sewer Public

Water Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools Rutland Northeast Primary Sch

Middle Schools Rutland Middle School

High Schools Rutland Senior High School

School District Rutland City School District

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

75 North ST Rutland City, VT 05701

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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75 North ST

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