Exceptional 13.37% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-maintained 8-unit multifamily property features a desirable and diversified unit mix of six (6) 2-bedroom, 1-bath units and two (2) studio apartments. The building has been thoughtfully cared for and is supported by many long-term tenants, contributing to stabilized occupancy and reliable performance. Generating $113,880 in gross annual income, the property is located within walking distance to downtown Rutland, benefiting from strong rental demand driven by easy access to public transportation, restaurants, retail, and essential services. Investors will appreciate the immediate income in place, along with future upside potential through rent growth, cosmetic improvements, or operational efficiencies. A compelling opportunity for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market, this property offers both stability today and growth potential for the future.
Active
Listed by:
Betsy Adamovich,
Real Broker LLC 855-450-0442
$665,000
37 Killington Avenue, Rutland City, VT 05701
14beds
8baths
5,836sqft
Est.:
Multi Family
Built in 1988
-- sqft lot
$-- Zestimate®
$114/sqft
$-- HOA
What's special
- 20 days |
- 754 |
- 32 |
Zillow last checked: 8 hours ago
Listing updated: February 03, 2026 at 10:44am
Listed by:
Betsy Adamovich,
Real Broker LLC 855-450-0442
Source: PrimeMLS,MLS#: 5075585
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 14
- Bathrooms: 8
Heating
- Oil, Baseboard, Hot Water
Cooling
- None
Features
- Flooring: Carpet, Vinyl
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 7,516
- Total interior livable area: 5,836 sqft
- Finished area above ground: 5,836
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel
Features
- Levels: Two
- Patio & porch: Porch
Lot
- Size: 0.33 Acres
- Features: City Lot
Details
- Parcel number: 54017012690
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Brick, Stone
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1988
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Phone Available
Community & HOA
Location
- Region: Rutland
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $306,800
- Annual tax amount: $12,519
- Date on market: 2/3/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/3/2026 | Listed for sale | $665,000+2.3%$114/sqft |
Source: | ||
| 8/14/2025 | Listing removed | $1,400 |
Source: PrimeMLS #5055002 Report a problem | ||
| 8/6/2025 | Listed for rent | $1,400 |
Source: PrimeMLS #5055002 Report a problem | ||
| 5/6/2024 | Listing removed | -- |
Source: | ||
| 3/12/2024 | Listed for sale | $650,000$111/sqft |
Source: | ||
| 12/30/2023 | Listing removed | -- |
Source: | ||
| 9/27/2023 | Listing removed | $650,000$111/sqft |
Source: | ||
| 9/27/2023 | Listed for sale | $650,000+146.2%$111/sqft |
Source: | ||
| 2/14/2022 | Sold | $264,000+76%$45/sqft |
Source: Public Record Report a problem | ||
| 3/18/2002 | Sold | $150,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $306,800 |
| 2023 | -- | $306,800 |
| 2022 | -- | $306,800 |
| 2021 | -- | $306,800 |
| 2020 | -- | $306,800 |
| 2019 | -- | $306,800 |
| 2018 | -- | $306,800 |
| 2017 | -- | $306,800 |
| 2016 | -- | $306,800 +9900% |
| 2015 | -- | $3,068 |
| 2014 | -- | $3,068 |
| 2013 | -- | $3,068 |
| 2012 | -- | $3,068 |
| 2011 | -- | $3,068 |
| 2010 | -- | $3,068 |
| 2009 | -- | $3,068 |
| 2008 | -- | $3,068 |
| 2007 | -- | $3,068 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,460/mo
Principal & interest
$3429
Property taxes
$1031
Climate risks
Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.8 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.9 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 1.2 mi
Schools provided by the listing agent
- Elementary: Rutland Town School
- Middle: Rutland Middle School
- High: Rutland Senior High School
- District: Rutland City School District
Source: PrimeMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




