Price Reduced Listing
75 North Street,Rutland City, VT 05701
Rutland City, VT 05701
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 UpsideCurrent 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!
Details
| MLS # | 5103767 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1900 |
| Days On Site | 61 |
| Listing Provided By | Real Broker LLC | KC Gandee |
Features
| Garage | 2 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 3 |
| Zoning | RESD 1 |
| Acreage | 0.25 |
Interior
| Cooling | None |
|---|---|
| Heating | Boiler |
Exterior
| Roof | Shingle |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Block |
| Lot Features | City Lot, Corner Lot, Level, Open Lot, Sidewalks, In Town, Near Country Club, Near Golf Course, Near Paths, Neighborhood, Near Public Transit, Near School(s) |
Parking
| Garage Yes / No | Yes |
|---|---|
| Parking Features | Garage, Off Street |
Utilities
| Utilities | Cable, Phone |
|---|---|
| Electric | 100 Amp Service |
| Sewer | Public |
Taxes
| Tax Annual Amount | 5952 |
|---|---|
| Tax Year | 2026 |
Area Information
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Rutland Northeast Primary Sch |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $260,000 low | high Med: $101,899 On site: 61 low | high Med: 454 | |
Market Activity 05701
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Learn More About This Property
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Rutland Northeast Primary Sch |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $260,000 low | high Med: $101,899 On site: 61 low | high Med: 454 | |
