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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

84 Crescent ST Rutland City, VT 05701

4 Beds

2 Baths

2,060 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,060 sqft

MLS Listing ID 5103770

Style Multi-Family

Bedrooms 4

Full Baths 2

Construction Status Existing

Year Built 1920

Annual Tax Amount $5,571

Tax Year 2026

Lot Size 9,147 Sqft

Acres 0.21

Property Description

**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.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning RESD-1

Rooms

Basement Unfinished

Interior

Heating Baseboard, Boiler

Cooling None

Exterior

Parking Features No

Utilities Available Cable, Phone

Roof Type Asphalt Shingle

Building

Lot Description City Lot, Interior Lot, Level, Sidewalks, In Town, Near Golf Course, Near Paths, Neighborhood, Near Hospital, Near School(s)

Story 2

Sewer Public

Water Public

Architectural Style Multi-Family

Construction Status Existing

Schools

Elementary Schools Northwest Primary School

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

84 Crescent ST Rutland City, VT 05701

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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