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Renovated Triplex in Historic Rutland

1 Nickwackett St, Rutland, VT 05701

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For Sale

$589,000

Turnkey, income-producing triplex in Historic Rutland City.

Type:Investment

HighLights

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.
All furnishings included for a seamless transition and continued revenue.
Ideal for workforce housing, corporate housing, or group accommodations.
Located in desirable Historic Rutland City (TIF District) close to downtown amenities, transit, employers, and area attractions.

We can help!

Listing Contact

Gail Beardmore

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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:: 52
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

HighLights

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.
All furnishings included for a seamless transition and continued revenue.
Ideal for workforce housing, corporate housing, or group accommodations.
Located in desirable Historic Rutland City (TIF District) close to downtown amenities, transit, employers, and area attractions.

Overview

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

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Local Demand

City: Rutland
County: Orleans
State: Vermont
Longitude: -72.9735706
Latitude: 43.606727

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For sale
Triplexes
VT
Rutland
05701
1 Nickwackett St

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.