3-Unit Triplex with 3-Bay
73 Crescent Street, Rutland, VT 05701
For Sale
$325,000
Pending
Separate electrical meters and individual boilers serve each apartment, with tenants responsible for their own utility payments.
Property Size2,652 SF
Days on Market97
Property Features for 73 Crescent Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Units
Unit Mix
Multifamily Units
Parking per Unit
Individually Metered Utilities
Additional Details
Cap Rate
Tenant in Place
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Real Broker LLC
(802) 613-0729
Listed By:
KC Gandee
(802) 774-7007
Source:
Anotchaboverealestate
Added: Aug 6
Changed: Nov 10
Last Checked: Nov 9 at 6:36PM
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
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Investment Insights
Based on property information with market context.
This triplex contains three apartments: one with two bedrooms and one bathroom, and two with one bedroom and one bathroom each. Each unit has its own boiler and electrical meter. The property also includes a three-bay garage, with one bay allocated to each apartment, plus driveway parking. Improvements include new flooring in one apartment in 2024, a boiler replacement and bathroom remodel in another in 2025, and sewer pipe repairs in 2023. All three apartments are occupied on month-to-month leases; the current owner pays for oil heat, water and sewer, trash removal, and seasonal plowing and mowing.
The property is at 73 Crescent Street in Rutland City, near local schools and Pine Hill Park.
The property is at 73 Crescent Street in Rutland City, near local schools and Pine Hill Park.
Key Highlights
- Three apartments: one 2‑bedroom unit and two 1‑bedroom units
- Three‑bay garage, with one bay assigned to each apartment
- Separate electrical meters and individual boilers for all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,132
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,640
$502.6K
Cap Rate 7%
$359,029
$359.0K
Cap Rate 9%
$279,244
$279.2K
Market Conditions
NOI Build-Up for 2,652 SF
Gross rent
$36.6K $13.80/SF
− Vacancy
−$695 −$0.26/SF
EGI
$35.9K $13.54/SF
− OpEx
−$10.8K −$4.06/SF
NOI
$25.1K $9.48/SF
Area
Rutland County, VT
Vacancy
1.90%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,640
Cap Rate 7%
$359,029
Cap Rate 9%
$279,244
Alternative Uses
Best Use
Multifamily LT 5
$359.0K
$314.2K – $418.9K
NOI $25,132 @ 7.0% cap · market cap 7.73%
Second Best
Apartment 5plus
$330.8K
$289.5K – $386.0K
NOI $23,157 @ 7.0% cap · market cap 7.13%
Theoretical Best
Healthcare Medical
$461.7K
$404.0K – $538.7K
NOI $32,322 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
703
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?
Triplex - Separate electrical meters and individual boilers serve each apartment, with tenants responsible for their own utility payments.
Where is this triplex located?
The property is located at 73 Crescent Street Rutland, VT.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Three apartments: one 2‑bedroom unit and two 1‑bedroom units; Three‑bay garage, with one bay assigned to each apartment; Separate electrical meters and individual boilers for all three units
