75 North Street Rutland City VT Multi Family For Sale $280000

List Price: $280,000 | $120 per sq.ft. Multi Family A 3 Unit Multi Family Home
With 2 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Thursday Aug 6, 2026 | MLS# 5103767

To see this Listing

call
603-643-3942

Email Star Johnson

Address: 75 North Street Rutland City VT
Listed by KC Gandee Real Broker LLC
Description:
Prime Income Property: 3-Unit Asset in Rutland City! Looking for a lucrative 3-unit multi-family property in Rutland City? This well-maintained investment at 75 North St has featured consistent capital improvements since 2022 and is fully ready for its next owner. Unit Breakdown & Property Highlights Unit 1 (Ground Floor): Spacious 2-bedroom, 1-bath layout featuring generous living space and a private deck. Units 2 & 3 (Second Floor): Two independent 1-bedroom, 1-bath units, each featuring its own private entrance. Parking & Storage: Ample off-street parking plus a detached 2-car garage (currently utilized by tenants for storage). Location: Prime rental market close to schools, parks, and downtown Rutland. Occupancy: Flawless, steady occupancy history offering long-term stability. Recent Updates (75 North St) 2022: New furnace installed, along with electrical and minor plumbing updates. 2023: Additional targeted electrical upgrades completed. 2024: Brand-new communal laundry room built out for tenant convenience. 2025: Professional tree removal completed on the grounds. Utilities: Serviced by three separate hot water heaters (one propane, two oil). Financials & Investor Upside Current Returns: Producing a strong 6.8% CAP rate at the current offering price. Immediate Value: Rents are currently priced below market, giving you built-in rental upside from day one. Future Optimization: Property is move-in ready, or you can unlock massive value by using state grant money to upgrade the two 1-bedroom units. Don't miss this opportunity to add a stable, highly updated multi-family asset to your portfolio! Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Trash,Water

Annual Expenses

Taxes: $5,952

Income
Gross Income | $40,200
NetIncome | $19,187

UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 1100
Level: 1
Tenant Pays : Electric,Internet Service
Rent : 1200.00 Monthly
Lease Term : Month to Month
Signed Lease : No
Status : Month to Month

UNIT 2 INFORMATION

Beds: 1
Baths: 1
Rooms: 0
Sq.Ft.: 900
Level: 2
Tenant Pays : Electric
Rent : 1000.00 Monthly
Lease Term : Month to Month
Signed Lease : No

UNIT 3 INFORMATION

Beds: 1
Baths: 1
Level: 2
Tenant Pays : Electric
Rent : 1000.00 Monthly
Lease Term : Month to Month
Signed Lease : No
Status : Month to M

Construction: Wood Frame
Year Built: 1900
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3504
Above Grade Sq.Ft.: 2336
Basement: Dirt Floor | Unfinished

Roof: Shingle
Seasonal: No

Heating: Boiler
Cooling: None
Electric: 100 Amp Service
Utilities: Cable | Phone
Electric Meters: 3
Water: Public
Sewer: Public

Additional Information
Taxes $5,952
Assesed Value Not Reported

Schools
School District: Rutland City School District
Elementary School: Rutland Northeast Primary Sch
Middle School: Rutland Middle School
High School: Rutland Senior High School

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942
CONTACT STAR

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