43 Summer StreetRutland City, VT 05701MLS Number 5017747

Price: $479,000
Est. Mortgage of $/month
108 Days on Market

Investment Opportunity: 8-Unit Multifamily in Rutland City Don't miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.

More Info

Basic Information

StatusACT
List Price$479,000
Date Price Change10/08/2024
MLS Number5017747
MLS StatusActive

Property

Acreage0.11
GarageNo
Parking Spaces
Lot DescriptionCity Lot, Sidewalks, Street Lights
Square Feet3,896
APX Fin AG Sqft3,896
AreaVT-Rutland

Amenities

PricePerSqFt122.95

Location

TownRutland City
StateVT
Zip05701
CountyRutland
ZoningMR1
Address43 Summer Street
Flood Zone Y/NNo

Exterior

RoofShingle

Utilities

Heat SystemOil, Forced Air
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable - Available, Telephone Available

Other

Seasonal Y/NNo
Operating Expenses36746
Date Listed10/08/2024
Unit 1 Deposit$650
Unit 2 Rent Amount$725
Unit 3 Rent Amount$900
Unit 4 Rent amount$650
Unit 5 Rent amount$750
Unit 7 Rent amount$1,200
Unit 8 Rent amount$900
View Count12

Building

Year Built1860
Building ConstructionWood Frame, Vinyl Siding
Units8
Unit 1 Bath1
Unit 1 Bedrooms1
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 3 Bath1
Unit 3 Bedrooms1
Unit 4 Bath1
Unit 5 Baths1
Unit 5 Bedrooms1
Unit 6 Baths1
Unit 6 Bedrooms1
Unit 7 Baths1
# of 1 Bedrooms6
Unit 7 Bedrooms2
# of 2 Bedrooms1
Unit 8 Baths1
BasementPartial, Unfinished
FoundationStone

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated January 23, 2025 10:57 AM EST

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43 Summer StreetRutland City, VT 05701MLS Number 5017747

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