Prime Income Property: 3-Unit Asset in Rutland City! Looking for a lucrative 3-unit multi-family property in Rutland City? This well-maintained investment at 75 North St has featured consistent capital improvements since 2022 and is fully ready for its next owner. Unit Breakdown & Property Highlights Unit 1 (Ground Floor): Spacious 2-bedroom, 1-bath layout featuring generous living space and a private deck. Units 2 & 3 (Second Floor): Two independent 1-bedroom, 1-bath units, each featuring its own private entrance. Parking & Storage: Ample off-street parking plus a detached 2-car garage (currently utilized by tenants for storage). Location: Prime rental market close to schools, parks, and downtown Rutland. Occupancy: Flawless, steady occupancy history offering long-term stability. Recent Updates (75 North St) 2022: New furnace installed, along with electrical and minor plumbing updates. 2023: Additional targeted electrical upgrades completed. 2024: Brand-new communal laundry room built out for tenant convenience. 2025: Professional tree removal completed on the grounds. Utilities: Serviced by three separate hot water heaters (one propane, two oil). Financials & Investor Upside Current Returns: Producing a strong 6.8% CAP rate at the current offering price. Immediate Value: Rents are currently priced below market, giving you built-in rental upside from day one. Future Optimization: Property is move-in ready, or you can unlock massive value by using state grant money to upgrade the two 1-bedroom units. Don't miss this opportunity to add a stable, highly updated multi-family asset to your portfolio!
Active
Listed by: Real Broker LLC • KC Gandee
$280,000
75 North Street, Rutland City, VT 05701
4beds
2,336sqft
Multi Family
Built in 1900
-- sqft lot
$276,100 Zestimate®
$120/sqft
$-- HOA
What's special
Generous living spaceAmple off-street parkingPrivate deck
- 10 days |
- 430 |
- 23 |
Zillow last checked:
Listing updated:
Listed by:
KC Gandee,
Real Broker LLC 802-613-0729
Source: PrimeMLS,MLS#: 5103767
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Boiler
Cooling
- None
Features
- Basement: Dirt Floor,Unfinished,Interior Entry
Interior area
- Total structure area: 3,504
- Total interior livable area: 2,336 sqft
- Finished area above ground: 2,336
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Paved, Garage, Off Street
- Garage spaces: 2
Features
- Levels: Two
- Frontage length: Road frontage: 188
Lot
- Size: 0.25 Acres
- Features: City Lot, Corner Lot, Level, Open Lot, Sidewalks, In Town, Near Country Club, Near Golf Course, Near Paths, Neighborhood, Near Public Transit, Near School(s)
Details
- Parcel number: 54017017637
- Zoning description: RESD 1
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
- Foundation: Block
- Roof: Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: 100 Amp Service
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable, Phone
Community & HOA
Location
- Region: Rutland
Financial & listing details
- Price per square foot: $120/sqft
- Tax assessed value: $137,700
- Annual tax amount: $5,952
- Date on market: 8/6/2026
- Road surface type: Paved
Estimated market value
$276,100
$262,000 - $290,000
$2,369/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/6/2026 | Listed for sale | $280,000+100%$120/sqft |
Source:  PrimeMLS #5103767 Report a problem | ||
| 1/12/2017 | Sold | $140,000$60/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $137,700 |
| 2023 | -- | $137,700 |
| 2022 | -- | $137,700 |
| 2021 | -- | $137,700 |
| 2020 | -- | $137,700 |
| 2019 | -- | $137,700 |
| 2018 | -- | $137,700 |
| 2017 | -- | $137,700 |
| 2016 | -- | $137,700 +9900% |
| 2015 | -- | $1,377 |
| 2014 | -- | $1,377 |
| 2013 | -- | $1,377 |
| 2012 | -- | $1,377 |
| 2011 | -- | $1,377 |
| 2010 | -- | $1,377 |
| 2009 | -- | $1,377 |
| 2008 | -- | $1,377 |
| 2007 | -- | $1,377 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.3 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.3 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Rutland Northeast Primary Sch
- 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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