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

$589,000

Price Change! reduced by $21,000 on March 30th 2026
MLS# 5076867
4959 sq.ft. Bedroom | 0 Bathroom
Multi Family
1 Nickwackett Street Rutland City VT 		 
Price Change! reduced by $21,000 on March 30th 2026
$589,000 | $119 per sq.ft. | MLS# 5076867 A 3  Unit Multi Family Home, 1 Nickwackett Street Rutland City VT With 1 - Two Bedroom Units | 2 - Three Bedroom Units

Description:
Located in the heart of Historic Rutland City, this fully renovated and income-producing triplex offers a rare turnkey investment opportunity. Featuring 11 bedrooms and 6 full bathrooms, the property is configured for high-efficiency, dormitory-style living and comfortably accommodates up to 20 occupants. The building has been thoughtfully updated and styled for function, durability, and long-term performance. Recent improvements include reconfigured layout including electrical, plumbing/ heating systems; with newly renovated bathrooms, new laminate flooring/ carpet throughout, new stainless steel appliances, and brand-new 2 coin-operated laundry facilities. All furnishings convey with the sale, allowing for a seamless transition and continued revenue from day one. Currently operating with rental contracts with steady year-over-year income in place, this property provides immediate cash flow and stability for investors. The layout and capacity make it ideal for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in desirable Historic Rutland City, (TIF District) close to downtown amenities, transit, employers, and area attractions, this property combines strong rental demand with a fully operational setup. This is a true plug-and-play multifamily investment with established income, updated systems, and minimal startup costs.

Annual Expenses
Taxes: $5,950 		    Income
UNIT 1 INFORMATION

Beds: 3
Baths: 2
Rooms: 0
Rent : 1975.00 Monthly
Lease Term : Other
Signed Lease : Yes
Status : Leased
UNIT 2 INFORMATION

Beds: 2
Baths: 1
Rooms: 0
Rent : 2000.00 Monthly
Lease Term : Other
Signed Lease : Yes
UNIT 3 INFORMATION

Beds: 6
Baths: 3
Rent : 5225.00 Monthly
Status : Leased

FEATURES AND DETAILS

CONSTRUCTION: Aluminum Siding | Exterior Color Grey | Price Per SQ.FT. 118.77 | Year Built: 1900
 LAND DESCRIPTION: LOT DESCRIPTION: City Lot
Avail.Sq.Ft.: 3
Livable Space: 4959
Above Grade Sq.Ft.: 4959
Below Grade Sq.Ft.: 0
Heating: Baseboard
Cooling: Wall AC Units
Electric: Underground
Style: Apartment Building
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Lot size: 0.14 acres
Zoned: Residential / Commercial
Surveyed: No
Flood Zone: No
Seasonal: No
Road Frontage: 67
Driveway: Dirt
ADDITIONAL INFORMATION
Taxes $5,950  | Assesed Value $0 in
SCHOOLS
School District: Rutland City School District
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  • 24727333
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  • 24727344
  • 24727345
  • 24824605
  • 24824609
  • 24824611
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15 Buck Rd. Hanover, NH 03755 603-643-3942

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