Multi-Family $ 424,500

52 Chestnut AVE

Rutland City, VT 05701

  • 2,250 SqFt
  • 5,662 Lot Size
  • 1899 Year Built
CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad tenant base including professionals, students, and long-term local renters. Several thoughtful renovations and updates have already been completed, reducing near-term capital expenditure needs and supporting tenant retention. With solid in-place income and additional upside potential through future rent adjustments, cosmetic improvements, or operational efficiencies, this property offers both immediate cash flow and long-term growth opportunity. Whether you're an experienced investor or expanding your portfolio, this multi-unit asset delivers income stability and scalability in a strong Vermont rental market.
Listed by Betsy Adamovich of Real Broker LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 250 sqft

    Price per Sqft $188

    MLS Listing ID 5071953

    Construction Status Existing

    Year Built 1899

    Annual Tax Amount $4,374

    Tax Year 2025

    Lot Size 5,662 Sqft

    Acres 0.13

  • Location

    State VT

    County Vt-rutland

    Area Vt-Rutland

    Zoning Residential

  • Rooms

    Basement Entrance Walk-up

    Basement Unfinished

  • Building

    Story 2

    Sewer Public

    Architectural Style Apartment Building, Multi-Family

    Construction Status Existing

  • Interior

    Cooling None

    Flooring Vinyl

  • Exterior

    Utilities Available Telephone Available

    Roof Type Asphalt Shingle

  • Schools

    Elementary Schools Rutland Town School

    Middle Schools Rutland Middle School

    High Schools Rutland Senior High School

    School District Rutland City School District

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CONTACT

Betsy Adamovich
Betsy Adamovich

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