Local realty services provided by:Better Homes and Gardens Real Estate The Masiello Group
52 Chestnut Avenue,Rutland City, VT 05701
$424,500
- 2 Beds
- - Baths
- 2,250 sq. ft.
- Multi-family
- Active
Listed by: betsy adamovich
Office: real broker llc.
MLS#:5071953
Source:PrimeMLS
Price summary
- Price:$424,500
- Price per sq. ft.:$133.24
About this home
CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad tenant base including professionals, students, and long-term local renters. Several thoughtful renovations and updates have already been completed, reducing near-term capital expenditure needs and supporting tenant retention. With solid in-place income and additional upside potential through future rent adjustments, cosmetic improvements, or operational efficiencies, this property offers both immediate cash flow and long-term growth opportunity. Whether you’re an experienced investor or expanding your portfolio, this multi-unit asset delivers income stability and scalability in a strong Vermont rental market.
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Home facts
- Year built:1899
- Listing ID #:5071953
- Added:59 day(s) ago
- Updated:February 10, 2026 at 11:30 AM
Rooms and interior
- Bedrooms:2
- Living area:2,250 sq. ft.
Heating and cooling
- Heating:Baseboard, Hot Water, Oil
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1899
- Building area:2,250 sq. ft.
- Lot area:0.13 Acres
Schools
- High school:Rutland Senior High School
- Middle school:Rutland Middle School
- Elementary school:Rutland Town School
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$424,500
- Price per sq. ft.:$133.24
- Tax amount:$4,374 (2025)
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