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Six-Unit Multifamily Investment
For Sale
$659,000

46 Terrill Street, Rutland, VT 05701

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

Property Size4,772 SF
Price / SF$138.10
Days on Market232

Property Features for 46 Terrill Street

General Information

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

Additional Details

Cap Rate 13.8%
Multifamily Units 6

Taxes and HOA fees

Annual Taxes $9,549

Amenities

Propane, Baseboard, Forced Air, Hot Water
Yes
2
6
Interior
Unfinished
Asphalt Shingle
Wood Frame, Vinyl Siding

Building Details

Year Built 1900
Tenancy Multi
Listing Agency: Real Broker LLC
Listed By: Betsy Adamovich
Source: Compass
Added: Jan 17 Changed: Aug 8 Last Checked: Jul 22 at 6:52AM

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 Real Broker LLC

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
Rey
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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 Street Rutland, VT.
What is the asking price?
The asking price for this property is $659,000.
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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