1 Nickwackett Street, Rutland, VT 05701
Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
1 Nickwackett Street,Rutland City, VT 05701
$610,000
- 11 Beds
- - Baths
- 4,959 sq. ft.
- Multi-family
- Active
Listed by: erin shimpPhone: 802-345-3913
Office: engel & volkers okemo
MLS#:5076867
Source:PrimeMLS
Price summary
- Price:$610,000
- Price per sq. ft.:$91.03
About this home
Located in the heart of Historic Rutland City, this fully renovated and income-producing triplex offers a rare turnkey investment opportunity. Featuring 11 bedrooms and 6 full bathrooms, the property is configured for high-efficiency, dormitory-style living and comfortably accommodates up to 20 occupants. The building has been thoughtfully updated and styled for function, durability, and long-term performance. Recent improvements include reconfigured layout including electrical, plumbing/ heating systems; with newly renovated bathrooms, new laminate flooring/ carpet throughout, new stainless steel appliances, and brand-new 2 coin-operated laundry facilities. All furnishings convey with the sale, allowing for a seamless transition and continued revenue from day one. Currently operating with rental contracts with steady year-over-year income in place, this property provides immediate cash flow and stability for investors. The layout and capacity make it ideal for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in desirable Historic Rutland City, (TIF District) close to downtown amenities, transit, employers, and area attractions, this property combines strong rental demand with a fully operational setup. This is a true plug-and-play multifamily investment with established income, updated systems, and minimal startup costs.
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Home facts
- Year built:1900
- Listing ID #:5076867
- Added:4 day(s) ago
- Updated:February 22, 2026 at 11:25 AM
Rooms and interior
- Bedrooms:11
- Living area:4,959 sq. ft.
Heating and cooling
- Cooling:Wall AC
- Heating:Baseboard
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1900
- Building area:4,959 sq. ft.
- Lot area:0.14 Acres
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$610,000
- Price per sq. ft.:$91.03
- Tax amount:$5,949 (2026)
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