Three-Unit Multifamily
For Sale
$260,000
75 North St, Rutland, VT 05701
Detached garage, off-street parking, and individually accessed upper-floor residences support practical tenant use.
Property Size2,336 SF
Price / SF$111.30
Days on Market85
Property Features for 75 North St
General Information
Standard status
Active
Size
2,336 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2BR/1BA, 2 x 1BR/1BA
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$5,952
Listing Agency:
Real Broker LLC
(802) 613-0729
Listed By:
KC Gandee
(802) 774-7007
Source:
Exprealty
Added: Aug 6
Changed: Oct 26
Last Checked: Oct 28 at 10:40AM
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.
Located at 75 North St in Rutland City, this triplex comprises three residential units with a varied layout. The ground-floor residence offers two bedrooms, one bathroom, living space, and a private deck. Two separate second-floor apartments each provide one bedroom, one bathroom, and a private entrance.
The property includes off-street parking and a detached two-car garage currently used by tenants for storage. Capital improvements have been completed since 2022, and the building dates to 1900. The combination of unit variety, outdoor space, independent access, and on-site storage creates a clearly defined three-unit configuration.
The property includes off-street parking and a detached two-car garage currently used by tenants for storage. Capital improvements have been completed since 2022, and the building dates to 1900. The combination of unit variety, outdoor space, independent access, and on-site storage creates a clearly defined three-unit configuration.
Key Highlights
- Three‑unit property with one 2‑bedroom unit and two 1‑bedroom units
- Ground‑floor unit includes a private deck
- Each second‑floor apartment has its own private entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,137
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,740
$442.7K
Cap Rate 7%
$316,243
$316.2K
Cap Rate 9%
$245,967
$246.0K
Market Conditions
NOI Build-Up for 2,336 SF
Gross rent
$32.2K $13.80/SF
− Vacancy
−$612 −$0.26/SF
EGI
$31.6K $13.54/SF
− OpEx
−$9.5K −$4.06/SF
NOI
$22.1K $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%
$442,740
Cap Rate 7%
$316,243
Cap Rate 9%
$245,967
Alternative Uses
Best Use
Multifamily LT 5
$316.2K
$276.7K – $369.0K
NOI $22,137 @ 7.0% cap · market cap 8.51%
Second Best
Apartment 5plus
$291.4K
$255.0K – $340.0K
NOI $20,397 @ 7.0% cap · market cap 7.85%
Theoretical Best
Healthcare Medical
$406.7K
$355.9K – $474.5K
NOI $28,471 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
482
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 - Detached garage, off-street parking, and individually accessed upper-floor residences support practical tenant use.
Where is this triplex located?
The property is located at 75 North St Rutland, VT.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Three‑unit property with one 2‑bedroom unit and two 1‑bedroom units; Ground‑floor unit includes a private deck; Each second‑floor apartment has its own private entrance
