Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1 Nickwackett St Rutland, VT 5701

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $589,000

    Turnkey, income-producing triplex in Historic Rutland City.

    Type:Investment
    Added:
    Apr 24, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 24 at 8:26 pm

    Property Features for 1 Nickwackett St

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Gail Beardmore

    Listing agent Gail Beardmore

    Listing office Engel & Volkers Okemo-Woodstock

    Listing date Apr 24, 2026

    Source Elliman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Engel & Volkers Okemo-Woodstock

    Overview

    Renovated Triplex in Historic Rutland

    This fully renovated triplex is located in the heart of Historic Rutland City and offers a turnkey investment opportunity. The property features 11 bedrooms and 6 full bathrooms, configured for high-efficiency, dormitory-style living, and can accommodate up to 20 occupants. The building has been updated and styled for function, durability, and long-term performance. Recent improvements include a reconfigured layout with updated electrical, plumbing, and heating systems, renovated bathrooms, new laminate flooring and carpet, new stainless steel appliances, and two new coin-operated laundry facilities. All furnishings convey with the sale. The property is currently operating with rental contracts and steady year-over-year income. The layout and capacity make it suitable for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in the Historic Rutland City TIF District, the property is close to downtown amenities, transit, employers, and area attractions. The bike score is 41, indicating it is somewhat bikeable, and the walk score is 50, indicating it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Corsones & Corsones Law Firm Vermont Institute of Music Vocational School Well Within Holistic ... Gym & Fitness Center Corsones Theodore Law Firm Killington Rutland Area ... Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rutland
    County
    Orleans
    State
    Vermont
    Longitude
    -72.9735706
    Latitude
    43.606727

    Nearby Similar for Sale

    • $589,000
      4,959 SF

      Renovated Triplex in Rutland City

      Turnkey, income-producing triplex in Historic Rutland City.
      1 Nickwackett Street, Rutland City, VT 05701
      View Details
    • $235,000
      1,864 SF

      Classic Duplex in Rutland City

      Well-maintained 1900 duplex, ideal for living or investment.
      138 Maple Street, Rutland City, VT 05701
      View Details
    • $825,000
      36,225 SF

      Redevelopment Opportunity with Restaurant Potential

      Redevelopment opportunity with existing restaurant, kitchen, and dairy bar.
      224 North Main Street, Rutland City, VT 05701
      View Details
    • $210,000
      2,576 SF

      Well-Maintained Multi-Family Home

      Charming multi-family home with great living space and rental potential.
      58 Crescent Street, Rutland City, VT 05701
      View Details
    • $337,500
      4,874 SF

      Commercial Building on US Route 7

      Commercial building with heated area and detached storage barn.
      439 US Route 7 N, Rutland, VT
      View Details
    • $124,500
      1,230 SF

      Professional Office Condominium For Sale

      1,230 sf office condo in high-traffic location.
      198 North Main St C-2, Rutland, VT 05701
      View Details
    • $126,500
      1,492 SF

      Medical Office Condo Investment

      Leased medical office condo near regional hospital for sale.
      69 Allen St Suite 5, Rutland, VT 05701
      View Details
    • $400,000

      Turnkey Multifamily Investment Opportunity

      Remodeled 6-unit property in Rutland with strong income.
      44 Baxter St, Rutland, VT 05701
      View Details
    • $86,900
      1,375 SF

      Well-Maintained Office Condo For Sale

      Professional office condominium with recent renovations and modern amenities.
      198 North Main St C-5, Rutland, VT 05701
      View Details
    • $325,000

      Charming Duplex in Rutland City

      1920s duplex with income potential in a prime location.
      107 Grove St, Rutland, VT 05701
      View Details
    • $389,000

      Four-Unit Income Property

      Two duplex buildings on one lot with strong rental history.
      25-27 Killington Ave, Rutland, VT 05701
      View Details
    • $239,000

      Rutland City Commercial Opportunity

      Commercial building for sale in Rutland City, Vermont.
      22 Killington Avenue, Rutland City, VT 05701
      View Details

    FAQs

    What type of property is this?
    Triplex - Turnkey, income-producing triplex in Historic Rutland City.
    Where is this triplex located?
    The property is located at 1 Nickwackett St Rutland, VT.
    What is the asking price?
    The asking price for this property is $589,000.
    What are key features of this property?
    This property features: Turnkey, income‑producing triplex with established rental contracts and immediate cash flow.; Fully renovated with updated electrical, plumbing/heating systems, new bathrooms, flooring, appliances, and laundry facilities.; High‑efficiency, dormitory‑style layout accommodating up to 20 occupants with 11 bedrooms and 6 full bathrooms.
    (802) 975-0338
    We can help!
    Listing Contact
    Gail Beardmore
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!