Well maintained 100% occupied 7 unit located in central Rutland neighborhood, priced below comparables and recent sales! This 7 unit property was recently renovated and is being listed at a ~12% cap and an annual Net Operating Income of ~$58K (~13% cap without management fees). A new owner can step into to this turnkey investment and enjoy extraordinary cash on cash returns based on current numbers and financing rates, and therefor realize significant returns from cash-flow vs speculation. This is an ideal building to let you capitalize on falling rates and the return of 100% bonus depreciation In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a turnkey 7plex ahead of the historic multibillion dollar development occurring nearby at Killington, which is already resulting in organic property appreciation and increased interest in the area from investors. Please call or email broker directly for up to date Offering Memo for this property, and a video tour is also available. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Active
Listed by:
Michael Gilman,
3GEN Real Estate Inc 802-227-7327
Price cut: $26K (6/25)
$499,000
38 Cottage Street, Rutland City, VT 05701
7beds
7baths
3,590sqft
Est.:
Multi Family
Built in 1884
-- sqft lot
$483,000 Zestimate®
$139/sqft
$-- HOA
What's special
- 102 days
- on Zillow |
- 102 |
- 5 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 01:51pm
Listed by:
Michael Gilman,
3GEN Real Estate Inc 802-227-7327
Source: PrimeMLS,MLS#: 5037586

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 7
Heating
- Oil
Cooling
- None
Features
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 4,588
- Total interior livable area: 3,590 sqft
- Finished area above ground: 3,590
- Finished area below ground: 0
Property
Parking
- Parking features: Paved
Features
- Levels: Two
- Frontage length: Road frontage: 50
Lot
- Size: 6,534 Square Feet
- Features: Other
Details
- Parcel number: 54017012688
- Zoning description: MR-1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Stone
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1884
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable
Community & HOA
Location
- Region: Rutland
Financial & listing details
- Price per square foot: $139/sqft
- Tax assessed value: $161,800
- Annual tax amount: $6,268
- Date on market: 4/23/2025
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