List Price: $400,000 | $103 per sq.ft. Multi Family A 6 Unit Multi Family Home
With 6 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Under Contract Date Listed Thursday Feb 5, 2026 | MLS# 5075867
With 6 One Bedroom Units , 0 - Two Bedroom Units ,0 - Three Bedroom Units
Under Contract Date Listed Thursday Feb 5, 2026 | MLS# 5075867
To see this Listing
Address: 44 Baxter Street Rutland City VT
Listed by Mike Kalil Watson Realty & Associates
Description:
High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile. Operating Expenses : Heat,Insurance,Maintenance,Other,Trash,Utilities,Water/Sewer
Annual Expenses
Taxes: $4,705
Taxes: $4,705
Income
Gross Income | $81,252
NetIncome | $56,411
Gross Income | $81,252
NetIncome | $56,411
UNIT 1 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1050.00 Monthly
Status : Month to Month
UNIT 2 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1171.00 Monthly
Lease Term : Month to Month
UNIT 3 INFORMATION
Beds: 1
Baths: 1
Rent : 1050.00 Monthly
Status : Month to M
UNIT 4 INFORMATION
Beds: 1
Baths: 1
Rent : 1250.00 Monthly
Status : Month to Month
UNIT 5 INFORMATION
Beds: 1
Baths: 1
Rooms: 0
Rent : 1000.00 Monthly
UNIT 6 INFORMATION
Beds: 1
Baths: 1
Rent : 1250.00 Monthly
Status : Month to Month
Construction: Wood Frame
Year Built: 1915
Style: Multi-Family
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4000
Above Grade Sq.Ft.: 3000
Below Grade Sq.Ft.: 900
Basement: Partially Finished
Year Built: 1915
Style: Multi-Family
Floors | Stories: 2.5
No. Elevators:
Total Sq.Ft. Finished: 4000
Above Grade Sq.Ft.: 3000
Below Grade Sq.Ft.: 900
Basement: Partially Finished
Roof: Asphalt Shingle
Seasonal: No
Seasonal: No
Heating: Oil | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Phone
Electric Meters:
Water: Public
Sewer: Public
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Phone
Electric Meters:
Water: Public
Sewer: Public
Land Information
Corner
Lot size: 0.06 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: Yes
Road Frontage: 122
Driveway: Gravel
Corner
Lot size: 0.06 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: Yes
Road Frontage: 122
Driveway: Gravel
Additional Information
Taxes $4,705
Assesed Value Not Reported
Taxes $4,705
Assesed Value Not Reported
Schools
