Incredible 12.5% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-performing 6-unit multifamily property features six (6) 2-bedroom, 1-bath units, each offering open-concept layouts that appeal to today’s renters. With tenants paying their own electric, operating expenses are kept in check, supporting strong and efficient cash flow. The property generates $92,100 in gross annual income and is ideally situated within walking distance to downtown Rutland, with convenient access to public transportation, restaurants, retail, and essential services, fueling consistent rental demand in this desirable location. Adding to the upside, the adjacent property at 17 Kingsley Court, with the same footprint, is also available, presenting a rare opportunity to acquire side-by-side assets for portfolio expansion and operational efficiency. Whether you’re an experienced investor or looking to scale your holdings, this multifamily offering delivers income stability, flexibility, and long-term growth potential in a strong Vermont rental market.
Active
Listed by:
Betsy Adamovich,
Real Broker LLC 855-450-0442
$599,000
15 Kingsley Court, Rutland City, VT 05701
12beds
6baths
5,015sqft
Est.:
Multi Family
Built in 1968
-- sqft lot
$-- Zestimate®
$119/sqft
$-- HOA
What's special
Open-concept layouts
- 4 days |
- 168 |
- 7 |
Zillow last checked: 8 hours ago
Listing updated: February 03, 2026 at 10:44am
Listed by:
Betsy Adamovich,
Real Broker LLC 855-450-0442
Source: PrimeMLS,MLS#: 5075583
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Kerosene, Forced Air
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Flooring: Vinyl
- Basement: None
Interior area
- Total structure area: 5,015
- Total interior livable area: 5,015 sqft
- Finished area above ground: 5,015
- Finished area below ground: 0
Property
Parking
- Parking features: Paved, Off Street
Features
- Levels: 3
Lot
- Size: 7,405.2 Square Feet
- Features: City Lot
Details
- Parcel number: 54017012974
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Brick Exterior, Vinyl Siding
- Foundation: Concrete Slab
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1968
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Phone Available
Community & HOA
Location
- Region: Rutland
Financial & listing details
- Price per square foot: $119/sqft
- Tax assessed value: $171,000
- Annual tax amount: $6,978
- Date on market: 2/3/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Listed for sale | $599,000+7%$119/sqft |
Source: | ||
| 5/6/2024 | Listing removed | -- |
Source: | ||
| 3/12/2024 | Listed for sale | $560,000$112/sqft |
Source: | ||
| 12/30/2023 | Listing removed | -- |
Source: | ||
| 9/27/2023 | Listing removed | $560,000$112/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $171,000 |
| 2023 | -- | $171,000 |
| 2022 | -- | $171,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,003/mo
Principal & interest
$2865
Property taxes
$928
Home insurance
$210
Climate risks
Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.2 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.2 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Rutland Town School
- Middle: Rutland Middle School
- High: Rutland Senior High School
- District: Rutland City School District
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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