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Six-Unit Multifamily Investment
For Sale
$599,000

46 Terrill St, Rutland, VT 05701

Recently renovated 6-unit apartment building with six two-bedroom, one-bath units, fully occupied.

Property Size4,772 SF
Price / SF$125.52
Days on Market181

Property Features for 46 Terrill St

General Information

Standard status Active
Size 4,772 SF
Property subtype Multi-Family
Occupancy 100%

Additional Details

Cap Rate 13.8%
Multifamily Units 6

Building Details

Year Built 1900
Tenancy Multi
Listing Agency: Casella Real Estate
Listed By: Hughes Group Team
Source: Vthomeguide
Added: Mar 13 Changed: Sep 8 Last Checked: Sep 7 at 9:01AM

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 Casella Real Estate

Investment Insights

Based on property information with market context.

This recently renovated 6-unit apartment building is fully occupied and configured with six two-bedroom, one-bath units. The property is positioned to produce annual gross income of $110,100, with net operating income of $90,991 at current rents and expenses.

The building is located in Rutland City, within walking distance to downtown Rutland, and has access to public transportation as well as nearby restaurants, retail, and essential services.

Offered for sale as an income-producing multifamily asset, the property is presented with stabilized occupancy in place.

Key Highlights

  • Recently renovated 6‑unit apartment building in Rutland City, fully occupied
  • Unit mix: six 2‑bedroom, 1‑bath units
  • Annual gross income of $110,100 and net operating income of $90,991 at current rents and expenses

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Kitchen & Bath Showroom Plumbing Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,133
Businesses Nearby

Demographics for 05701, VT

20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Recently renovated 6-unit apartment building with six two-bedroom, one-bath units, fully occupied.
Where is this apartment building located?
The property is located at 46 Terrill St Rutland, VT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Recently renovated 6‑unit apartment building in Rutland City, fully occupied; Unit mix: six 2‑bedroom, 1‑bath units; Annual gross income of $110,100 and net operating income of $90,991 at current rents and expenses
More about this property
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