44 Baxter St, Rutland, VT 05701

Building Details

Year Built

1915

Listing agent Mohammad Kalil Show Phone

Listing office m***@gmail.com Show Phone

Listing date Apr 24, 2026

Source Elliman

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All listing content including descriptions, pricing, images are the copyrighted material of Mohammad Kalil

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Overview

This fully remodeled 6-unit multifamily property in Rutland, Vermont, presents a turnkey investment opportunity with strong in-place income and no deferred maintenance. The building is 100% occupied and has been extensively updated. The property comprises 6 total units, including 5 one-bedroom apartments and 1 efficiency unit. The interiors have been mostly updated, and the building features new vinyl siding and new windows. The property is well-maintained with no capital needs. The gross annual income is $81,252, with annual operating expenses of $24,841, which includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi, but does not include management. The net operating income (NOI) is $56,411, resulting in a cap rate of 14%+ at the asking price. This stabilized multifamily asset offers a rare opportunity for both new and seasoned investors seeking high yield. The location has a bike score of 51, indicating it is bikeable, and a walk score of 70, indicating it is somewhat walkable.

Suggested Use

Real Estate Agency Law Firm Restaurant 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

-72.9868256

Latitude

43.6103829

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FAQs

What type of property is this?

Apartment building - Remodeled 6-unit property in Rutland with strong income.

Where is this apartment building located?

The property is located at 44 Baxter St Rutland, VT.

What is the asking price?

The asking price for this property is $400,000.

What are key features of this property?

This property features: 14%+ Cap Rate at asking price indicates a high‑yield investment opportunity.; Turnkey property: Fully remodeled with no deferred maintenance and 100% occupied.; Strong, stable rental income with a Gross Annual Income of $81,252.