126 State StreetRutland City, VT 05701MLS Number 5028961

Price: $1,904,000
Est. Mortgage of $/month
41 Days on Market

Great opportunity for investors, A package of 28 rental units , Consists of 12 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $503k in gross rent, The net cap rate is over 17.72% , The net income is over $337k per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency.

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Tax Information

Tax Year2016

Building

Year Built1841
Building ConstructionWood Frame, Wood Exterior
StyleDuplex
Units28
# of 1 Bedrooms3
# of 2 Bedrooms9
# of 3+ Bedrooms16
BasementFull
FoundationBrick, Stone

Amenities

PricePerSqFt952

Other

Taxes$2,265
Seasonal Y/NNo
Date Listed02/10/2025
View Count5

Basic Information

StatusPEN
List Price$1,904,000
Date Price Change02/10/2025
MLS Number5028961
MLS StatusPending

Property

Acreage0.1
GarageNo
Parking Spaces
Lot DescriptionCity Lot
Square Feet2,000
APX Fin AG Sqft2,000
Road Frontage44
RoadsPublic
AreaVT-Rutland

Location

TownRutland City
StateVT
Zip05701
CountyRutland
Zoningresidential
Address126 State Street
Flood Zone Y/NNo

Exterior

RoofSlate

Utilities

Heat SystemOil
WaterPublic
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable

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 March 22, 2025 9:22 PM EDT

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126 State StreetRutland City, VT 05701MLS Number 5028961

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