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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!

More Info

Tax Information

  • Tax Year2026

Building

  • Year Built1900
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units3
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 2 Bath1
  • Unit 2 Bedrooms1
  • Unit 2 Floor Location2
  • Unit 3 Bath1
  • Unit 3 Bedrooms1
  • Unit 3 Floor Location2
  • # of 1 Bedrooms2
  • # of 2 Bedrooms1
  • Bathroom3
  • Total Baths3
  • BasementUnfinished
  • FoundationBrick

Basic Information

  • Virtual TourView Tour
  • StatusACT
  • List Price$280,000
  • Date Price Change08/06/2026
  • MLS Number5103767
  • MLS StatusActive

Property

  • Acreage0.25
  • GarageYes
  • Parking Spaces2
  • Lot Description
    • City Lot
    • Corner
    • In Town
    • Level
    • Near Country Club
    • Near Golf Course
    • Near Paths
    • Near Public Transport
    • Near School(s)
    • Neighborhood
    • Open
    • Sidewalks
  • Square Feet2,336
  • APX Fin AG Sqft2,336
  • Road Frontage188
  • RoadsPaved, Public, Public Maintained Road
  • AreaVT-Rutland

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningRESD 1
  • Elementary SchoolRutland Northeast Primary Sch
  • Junior HighRutland Middle School
  • High SchoolRutland Senior High School
  • Address75 North Street
  • Flood Zone Y/NNo

Exterior

  • RoofShingle

Utilities

  • Heat SystemBoiler
  • WaterPublic
  • Electric100 Amp Service
  • SewerPublic
  • UtilitiesCable, Phone

Amenities

  • PricePerSqFt119.86

Other

  • Taxes$5,952
  • Seasonal Y/NNo
  • Operating Expenses21415
  • Date Listed08/06/2026
  • Unit 1 Deposit$1,200
  • Unit 2 Rent Amount$1,000
  • Unit 3 Rent Amount$1,000

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated August 7, 2026 8:24 AM UTC

 

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