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Mendi Michael

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

Listed by KC Gandee • Real Broker LLC

$ 260,000

Est. payment -/mo

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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

Price per Sqft $126

MLS Listing ID 5103770

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 Entrance Interior

Basement Unfinished

Interior

Cooling None

Exterior

Utilities Available Cable, Phone

Roof Type Asphalt Shingle

Building

Story 2

Sewer 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

NEARBY SCHOOLS & PROPERTIES

Mendi Michael

Advisor | License ID: 082.0134719

+1(802) 342-8410

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