$ 424,500
-
$424,500
Price -
2
Bed -
1
Bath -
2,250
SqFt
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About the Listing 6470 - 285328
CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad tenant base including professionals, students, and long-term local renters. Several thoughtful renovations and updates have already been completed, reducing near-term capital expenditure needs and supporting tenant retention. With solid in-place income and additional upside potential through future rent adjustments, cosmetic improvements, or operational efficiencies, this property offers both immediate cash flow and long-term growth opportunity. Whether you’re an experienced investor or expanding your portfolio, this multi-unit asset delivers income stability and scalability in a strong Vermont rental market.
Listing Highlights
Status
Active
Days on Site
65
Property Type
Multi-Family
MLS ®
5071953
Year Built
1899
Total Square Footage
2,250
Lot/Acreage
0.13
County
Rutland
Building Name
Monthly
School District
Rutland City School District
Elementary School
Rutland Town School
Middle School
Rutland Middle School
High School
Rutland Senior High School
Interior Details
- Bedrooms: 2
- Bathrooms: 1 Full
- Appliances:
- Air Cond:
- Heating: Oil,Baseboard,Hot Water
- Fireplaces:
- Floor: Vinyl
- Above Ground Sq Ft: 2250
- Below Ground Sq Ft: n/a
- Basement: Yes,Unfinished
- Other:
- Water:
Exterior Details
- Lot Description: Existing
- Garage Capacity: N/A
- Zoning: Residential
- Roof: Asphalt Shingle
- Others:
- Sewer: Public
Financial Details
- Tax Amount: $4,375
- Taxes w/Assessments: $107,200
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
52 Chestnut Ave Rutland City, VT 05701
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