121 River Street, Rutland City, VT 05701

Check out this solid income-generating opportunity featuring three distinct rental units that offer both stability and excellent long-term investment potential. The front of the property is configured as a classic two-family, with the first-floor apartment and a second-floor unit accessed via a shared stairwell—each offering functional layouts that cater to tenant comfort and convenience. Tucked away at the back of the property is a unique studio apartment with a lofted bedroom, adding variety to the unit mix and broadening the appeal for a range of renters. Fully occupied and generating steady rental income, this multifamily asset is ready to deliver returns from day one. Recent improvements enhance both value and peace of mind, including: numerous vinyl replacement windows, refurbished front deck, two brand-new oil tanks, new (partial) poured concrete foundation wall. Additional thoughtful updates to boost safety, curb appeal, and long-term durability. Located just a short distance from Meadow Street Park, downtown Rutland, shopping, and community amenities, the property benefits from a prime, tenant-friendly location in a market known for its consistent rental demand. Combining reliable occupancy, recent upgrades, and a flexible layout with multiple income streams, this property is a smart, well-rounded addition to any investor’s portfolio.