121 Park Ave Rutland, VT 05701
6
Beds
6
Baths
2,834
Sq Ft
0.25
Acres
About This Home
As of April 2025Well maintained 6plex located a desirable quaint residential Rutland neighborhood. This garden style building is rarely vacant building and has 6 1x1br, with an attractive layout and an an entrance to the exterior for each unit. The property a net operating income north of $47K, and is being listed at a ~10.5% cap rate based on the current rent roll and expenses. Units has been renovated and the property has 100% occupancy with a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve north of a 17% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex ahead of the historic multibillion dollar development occurring nearby at Killington, which is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.
Last Agent to Sell the Property
3GEN Real Estate Inc License #081.0134330 Listed on: 01/24/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,229
Year Built
- Built in 1989
Lot Details
- 0.25 Acre Lot
- Level Lot
Parking
- Gravel Driveway
Home Design
- Wood Frame Construction
- Shingle Roof
Interior Spaces
- 2,834 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Utilities
- Internet Available
- Cable TV Available
Community Details
- 6 Units
Similar Homes in Rutland, VT
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2025 04/14/25 | Sold | $455,000 | 0.0% | $161 / Sq Ft |
| 02/05/2025 02/05/25 | Pending | -- | -- | -- |
| 01/24/2025 01/24/25 | For Sale | $455,000 | +117.7% | $161 / Sq Ft |
| 06/22/2022 06/22/22 | Sold | $209,000 | 0.0% | $58 / Sq Ft |
| 04/21/2022 04/21/22 | Pending | -- | -- | -- |
| 04/16/2022 04/16/22 | For Sale | $209,000 | -- | $58 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
M
Seller's Agent in 2025
Michael Gilman
3GEN Real Estate Inc
(917) 710-0899
9 in this area
14 Total Sales
-
J
Buyer's Agent in 2025
James Hurley
Four Corner Properties LLC
(508) 734-0501
10 in this area
22 Total Sales
-
Seller's Agent in 2022
Mike Kalil
Watson Realty & Associates
(802) 342-8899
76 in this area
120 Total Sales
Map
Source: PrimeMLS
MLS Number: 5027607
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