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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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75 North St , Rutland City, VT 05701
$280,000
Est. Payment: $622.22/mo
4 Bed
3 Bath
2336 Sqft
Status: Active | Days on site: 29
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House Description

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!

Highlights

Listed by KC Gandee , 802-774-7007 Real Broker LLC , 802-613-0729.

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1900

County

Rutland

School District

Rutland City School District

Listing ID

5103767

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:
Above Ground Sq Ft:2336
Basement:Yes,Dirt Floor,Unfinished

Exterior Features

Lot:Existing
Zoning:RESD 1
Roof:Shingle
Sewer:Public
Parking Features:Garage,Off Street
Principal Interest
$622
Taxes
$496

Home Price

$280,000

Loan Details

30 yrs
%

Down Payment

20%
$56,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$622.22

Principal

Taxes

Principal Taxes HOA Total
Monthly $622.22 $496.00 $0.00 $1,118.22
Yearly $7,466.67 $5,952.00 $0.00 $13,418.67
Total $224,000.00 $178,560.00 $0.00 $402,560.00

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Rutland City, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.