52 Chestnut Avenue Rutland, VT 05701

Building Details

Year Built

1899

Listing agency Real Broker LLC b***@gmail.com Show Phone

Listed by Betsy Adamovich Show Phone

Source Compass

Added: Nov 27, 2025 Updated: Jul 22 at 10:29PM Checked: Jul 22 at 10:29PM

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Investment Insights

Based on property information with market context.

This five-unit apartment building provides income-producing space in a configuration of one 2-bedroom unit, three 1-bedroom units, and one studio. The property is described as having several thoughtful renovations and updates already completed, which may help reduce near-term capital expenditure needs while supporting tenant retention.

The building is positioned in a desirable area described as within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services.

Financial information provided in the remarks includes $68,400 gross annual income and $53,731 net operating income, reflecting a 12.64% cap rate at the asking price.

Key Highlights

• Five income‑producing units: 1 two‑bedroom, 3 one‑bedroom, and 1 studio apartment
• Corrected financials: $68,400 gross annual income, $53,731 net operating income, and a 12.64% cap rate at the asking price
• 2‑story wood frame, vinyl exterior building with an asphalt shingle roof

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FAQs

What type of property is this?

Apartment building - Five income-producing units with a mix of studio, one-, and two-bedroom apartments, with recent renovations noted.

Where is this apartment building located?

The property is located at 52 Chestnut Avenue Rutland, VT.

What is the asking price?

The asking price for this property is $424,500.

What are key features of this property?

This property features: Five income‑producing units: 1 two‑bedroom, 3 one‑bedroom, and 1 studio apartment; Corrected financials: $68,400 gross annual income, $53,731 net operating income, and a 12.64% cap rate at the asking price; 2‑story wood frame, vinyl exterior building with an asphalt shingle roof