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Josh Gray

hello@joshgray.realtor +1(979) 450-9442

Listed by Erin L Shimp • Engel & Volkers Okemo • Phone: 802-345-3913

$589,000

Est. payment - /mo

11 Beds

6 Baths

4,959 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,959 sqft

Price per Sqft $118

MLS Listing ID 5076867

Bedrooms 11

Full Baths 6

Construction Status Existing

Year Built 1900

Annual Tax Amount $5,949

Tax Year 2026

Lot Size 6,098 Sqft

Acres 0.14

Property Description

Located in the heart of Historic Rutland City, this fully renovated and income-producing triplex offers a rare turnkey investment opportunity. Featuring 11 bedrooms and 6 full bathrooms, the property is configured for high-efficiency, dormitory-style living and comfortably accommodates up to 20 occupants. The building has been thoughtfully updated and styled for function, durability, and long-term performance. Recent improvements include reconfigured layout including electrical, plumbing/ heating systems; with newly renovated bathrooms, new laminate flooring/ carpet throughout, new stainless steel appliances, and brand-new 2 coin-operated laundry facilities. All furnishings convey with the sale, allowing for a seamless transition and continued revenue from day one. Currently operating with rental contracts with steady year-over-year income in place, this property provides immediate cash flow and stability for investors. The layout and capacity make it ideal for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in desirable Historic Rutland City, (TIF District) close to downtown amenities, transit, employers, and area attractions, this property combines strong rental demand with a fully operational setup. This is a true plug-and-play multifamily investment with established income, updated systems, and minimal startup costs.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning Residential / Commercial

Rooms

Basement Entrance Walkout

Basement Partial

Interior

Cooling Wall AC Units

Flooring Carpet, Laminate, Tile

Exterior

Utilities Available Cable at Site, Propane

Roof Type Asphalt Shingle

Building

Story 2

Sewer Public

Architectural Style Apartment Building

Construction Status Existing

Schools

School District Rutland City School District

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Josh Gray

+1(979) 450-9442

Agent | License ID: 067254, 080080, 082.0135079

Agent License ID: 067254, 080080, 082.0135079

1 Nickwackett ST Rutland City, VT 05701

Josh Gray

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby Locations

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