Exceptional 13.8% cap rate! Fantastic Multi-Family Investment Opportunity in Rutland City. Well-located and recently renovated 6-unit multifamily property in Rutland City, now fully occupied. The building includes six 2-bedroom, 1-bath units and is positioned to generate $110,100 in annual gross income with a net operating income of $90,991 at current rents and expenses. At the current asking price, this equates to an approximate 13.8% cap rate, making this a standout opportunity for cash-flow-focused investors. Located within walking distance to downtown Rutland, the property benefits from strong rental demand thanks to easy access to public transportation, restaurants, retail, and essential services. With stabilized occupancy in place, this property offers immediate income along with future upside through rent growth or operational efficiencies. A compelling option for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market.
Active
Listed by:
Betsy Adamovich,
Real Broker LLC 855-450-0442
$659,000
46 Terrill Street, Rutland City, VT 05701
12beds
6baths
4,772sqft
Est.:
Multi Family
Built in 1900
-- sqft lot
$-- Zestimate®
$138/sqft
$-- HOA
What's special
Recently renovated
- 1 day |
- 126 |
- 4 |
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#: 5075586
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 6
Heating
- Propane, Baseboard, Forced Air, Hot Water
Cooling
- None
Features
- Basement: Unfinished,Interior Entry
Interior area
- Total structure area: 5,588
- Total interior livable area: 4,772 sqft
- Finished area above ground: 4,772
- Finished area below ground: 0
Property
Parking
- Parking features: Gravel, Off Street
Features
- Levels: Two
Lot
- Size: 7,405.2 Square Feet
- Features: City Lot
Details
- Parcel number: 54017012691
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Vinyl Siding
- Foundation: Concrete, Marble
- Roof: Asphalt Shingle
Condition
- New construction: No
- Year built: 1900
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: $138/sqft
- Tax assessed value: $234,000
- Annual tax amount: $9,549
- 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 | $659,000+6.3%$138/sqft |
Source: | ||
| 5/6/2024 | Listing removed | -- |
Source: | ||
| 3/12/2024 | Listed for sale | $620,000$130/sqft |
Source: | ||
| 12/30/2023 | Listing removed | -- |
Source: | ||
| 9/27/2023 | Listing removed | $620,000$130/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $234,000 |
| 2023 | -- | $234,000 |
| 2022 | -- | $234,000 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$3,807/mo
Principal & interest
$2555
Property taxes
$1021
Home insurance
$231
Climate risks
Neighborhood: Rutland City
Nearby schools
GreatSchools rating
- 4/10Rutland Intermediate SchoolGrades: 3-6Distance: 0.7 mi
- 3/10Rutland Middle SchoolGrades: 7-8Distance: 0.7 mi
- 8/10Rutland Senior High SchoolGrades: 9-12Distance: 0.9 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.
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