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Mendi Michael

[email protected] +1(802) 342-8410

Listed by KC Gandee • Real Broker LLC

$ 280,000

Est. payment -/mo

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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

Price per Sqft $119

MLS Listing ID 5103767

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 Entrance Interior

Basement Unfinished

Interior

Cooling None

Exterior

Garage Spaces 2.0

Utilities Available Cable, Phone

Roof Type Shingle

Building

Story 2

Sewer 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

NEARBY SCHOOLS & PROPERTIES

Mendi Michael

Advisor | License ID: 082.0134719

+1(802) 342-8410

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