Six-Unit Multifamily
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 Market227
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
(802) 772-7487
Source:
Vthomeguide
Added: Mar 13
Changed: Oct 1
Last Checked: Oct 24 at 5:46PM
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
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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.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,668
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,360
$833.4K
Cap Rate 7%
$595,257
$595.3K
Cap Rate 9%
$462,978
$463.0K
Market Conditions
NOI Build-Up for 4,772 SF
Gross rent
$77.3K $16.20/SF
− Vacancy
−$1.5K −$0.32/SF
EGI
$75.8K $15.88/SF
− OpEx
−$34.1K −$7.14/SF
NOI
$41.7K $8.73/SF
Area
Rutland County, VT
Vacancy
2.00%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$833,360
Cap Rate 7%
$595,257
Cap Rate 9%
$462,978
Alternative Uses
Best Use
Apartment 5plus
$595.3K
$520.9K – $694.5K
NOI $41,668 @ 7.0% cap · market cap 6.96%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$830.9K
$727.0K – $969.3K
NOI $58,160 @ 7.0% cap · market cap 9.71%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
6
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Northeast region
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
