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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000
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    Rutland City, VT $260,000

84 Crescent Street

Rutland City, VT 05701

MLS # 5103770 Multi-Family Active
$5,571
Taxes
2,060
Square feet
2
# of units
0.21
Acres

**Turn Key Buy and Hold Investment in Rutland City!** Looking for a solid buy-and-hold in Rutland City? This is it. This meticulously maintained multi-family has been extensively updated since 2020 and is ready for its next owner, including: - New electrical panel (2022) - Plumbing and electrical updates (2020) - New oil tank (2024) - New chimney (2021) - Complete remodel, including a new kitchen in Apartment 2 (2021) - New appliances (2020) - New deck (2022) - New boiler to be installed before close (2026) Each unit offers 2 bedrooms and 2 baths with generous living space, a private deck, and off-street parking. A barn/outbuilding on the property provides extra storage, currently used by the Apartment 1 tenant. With a flawless occupancy history and a prime location close to schools, parks, and downtown Rutland, this property offers long-term stability for any investor. It's currently producing a 4% CAP rate — and with rents still priced below market, there's built-in upside from day one. Move in ready as-is, or unlock even more value: convert to cold-climate heat pumps and pass energy costs on to tenants, a strategy with the potential to boost the CAP rate to 5.5%. Don't miss this rare opportunity to add a stable, updated multi-family to your portfolio.

Property Type Multi-Family
# of Units 2
Subdivision Name N/A
Year Built 1920
Parking N/A
Road Frontage N/A
Acres 0.21
Gross Income 28800
Annual Expenses 18753
# of Gas Meters N/A
# of Electric Meters N/A
Sq Ft (Above Ground) 2060
Sq Ft (Below Ground) 0
Total Sq Ft 2060
Land Description N/A
Elementary School Northwest Primary School
Middle School Rutland Middle School
High School Rutland Senior High School
Financing Details N/A
Documents Available N/A