VT > Rutland City
Rutland City, VT 05701,52 Chestnut AVE
Rutland City, VT 05701,52 Chestnut AVE
Rutland City, VT 05701,52 Chestnut AVE
Rutland City, VT 05701,52 Chestnut AVE
Rutland City, VT 05701,52 Chestnut AVE
Rutland City, VT 05701,52 Chestnut AVE
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Annette Gallo

Annette Gallo

+1(518) 209-0077
Listed by Betsy Adamovich • Real Broker LLC
$ 424,500
Est. payment | /mo

2,250 SqFt

Save
$ 424,500
Est. payment | /mo
Save

2,250 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,250 sqft

Price per Sqft $188

MLS Listing ID 5071953

Construction Status Existing

Year Built 1899

Annual Tax Amount $4,374

Tax Year 2025

Lot Size 5,662 Sqft

Acres 0.13

Property Description

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.

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning Residential

Rooms

Basement Entrance Walk-up

Basement Unfinished

Interior

Cooling None

Flooring Vinyl

Exterior

Utilities Available Telephone Available

Roof Type Asphalt Shingle

Building

Story 2

Sewer Public

Architectural Style Apartment Building, Multi-Family

Construction Status Existing

Schools

Elementary Schools Rutland Town School

Middle Schools Rutland Middle School

High Schools Rutland Senior High School

School District Rutland City School District

PrimeMLS
Annette Gallo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(518) 209-0077

annettegallovt@gmail.com

56 Pleasant St Ext, East Dorset,, Vermont, 05253, USA

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52 Chestnut AVE