73 Crescent Street Rutland City VT Multi Family For Sale $325000

List Price: $325,000 | $123 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# 5103784

Address: 73 Crescent Street Rutland City VT
Listed by KC Gandee Real Broker LLC
Description:
Turnkey 3-Unit Investment Property with Strong Occupancy & Value-Add Potential. Outstanding investment opportunity in the heart of Rutland City! This well-maintained triplex features a rock-solid rental history with zero vacancy during the current ownership. Situated in a desirable location near local schools and Pine Hill Park, this property represents an ideal addition to any portfolio or an excellent owner-occupy opportunity. The building consists of one spacious 2-bedroom unit and two comfortable 1-bedroom units, totaling 4 bedrooms and 3 bathrooms across approximately 2,900 square feet of living space. All tenants are currently on flexible month-to-month leases, offering immediate upside as current rents sit below market rates. Unit Breakdown Apartment 1: 1,100 sq. ft. | 2 Bed, 1 Bath | Long-term tenant of 5 years. Features new flooring installed in 2024. Apartment 2: 900 sq. ft. | 1 Bed, 1 Bath | Long-term tenant of 4 years. Apartment 3: 900 sq. ft. | 1 Bed, 1 Bath | Features a recently remodeled bathroom and a boiler upgrade in 2025. This property is highly efficient for landlords, featuring separate electrical meters and individual boilers for each unit so tenants can manage their own utility payments. Recent Updates: Boiler upgrade for Apt 3 (2025), new flooring in Apt 1 (2024), major sewer pipe repair completed in 2023, and a remodeled bathroom in Apt 3. Parking & Storage: A rare and highly valuable 3-bay garage sits on the property, providing one dedicated storage/parking bay for each apartment alongside an expansive driveway with ample off-street parking. Landlord Expenses: Owner currently covers oil (heat), water/sewer, trash removal, and seasonal plowing/mowing. With a CAP rate of 5.8% at listing price and a track record of exceptional tenant retention, this stable income producer is ready for its next owner. Don't miss out on a proven revenue generator in a strong rental market. Schedule your private showing today! Operating Expenses : Heat,Insurance,Maintenance,Other,Snow Removal,Trash,Utilities,Water

Annual Expenses

Taxes: $6,846

Income
Gross Income | $40,200
NetIncome | $18,785

UNIT 1 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Sq.Ft.: 1100
Level: 1
Tenant Pays : Electric
Rent : 1500.00 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 : 850.00 Monthly
Lease Term : Month to Month
Signed Lease : No

UNIT 3 INFORMATION

Beds: 1
Baths: 1
Sq.Ft.: 900
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: 1870
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3978
Above Grade Sq.Ft.: 2652
Basement: Unfinished

Roof: Shingle
Seasonal: No

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

Additional Information
Taxes $6,846
Assesed Value Not Reported

Schools

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