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    1 Nickwackett St Rutland, VT 5701

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    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

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    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

    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.
    More about this property
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