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Ashley Gile

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

Listed By KC Gandee Real Broker LLC

$ 325,000

Est. payment -/mo

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Under Contract

73 Crescent ST Rutland City, VT 05701

4 Beds

3 Baths

2,652 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 2,652 sqft

Price per Sqft $122

MLS Listing ID 5103784

Style Multi-Family

Bedrooms 4

Full Baths 3

Construction Status Existing

Year Built 1870

Annual Tax Amount $6,846

Tax Year 2026

Lot Size 10,890 Sqft

Acres 0.25

Property Description

Turnkey 3-Unit Investment Property with Strong Occupancy & Value-Add Potential. Outstanding investment opportunity in the heart of Rutland City! This well-maintained triplex features a rock-solid rental history with zero vacancy during the current ownership. Situated in a desirable location near local schools and Pine Hill Park, this property represents an ideal addition to any portfolio or an excellent owner-occupy opportunity. The building consists of one spacious 2-bedroom unit and two comfortable 1-bedroom units, totaling 4 bedrooms and 3 bathrooms across approximately 2,900 square feet of living space. All tenants are currently on flexible month-to-month leases, offering immediate upside as current rents sit below market rates. Unit Breakdown Apartment 1: 1,100 sq. ft. | 2 Bed, 1 Bath | Long-term tenant of 5 years. Features new flooring installed in 2024. Apartment 2: 900 sq. ft. | 1 Bed, 1 Bath | Long-term tenant of 4 years. Apartment 3: 900 sq. ft. | 1 Bed, 1 Bath | Features a recently remodeled bathroom and a boiler upgrade in 2025. This property is highly efficient for landlords, featuring separate electrical meters and individual boilers for each unit so tenants can manage their own utility payments. Recent Updates: Boiler upgrade for Apt 3 (2025), new flooring in Apt 1 (2024), major sewer pipe repair completed in 2023, and a remodeled bathroom in Apt 3. Parking & Storage: A rare and highly valuable 3-bay garage sits on the property, providing one dedicated storage/parking bay for each apartment alongside an expansive driveway with ample off-street parking. Landlord Expenses: Owner currently covers oil (heat), water/sewer, trash removal, and seasonal plowing/mowing. With a CAP rate of 5.8% at listing price and a track record of exceptional tenant retention, this stable income producer is ready for its next owner. Don't miss out on a proven revenue generator in a strong rental market. Schedule your private showing today!

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning RESD1

Rooms

Basement Unfinished

Interior

Heating Boiler

Cooling None

Exterior

Parking Features Yes

Garage Spaces 3.0

Utilities Available Cable, Phone, Propane

Roof Type Shingle

Building

Lot Description City Lot, Interior Lot, 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

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

73 Crescent ST Rutland City, VT 05701

Key Details

Location

Rooms

Interior

Exterior

Building

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73 Crescent ST