16 E Washington St Rutland, VT 05701
7
Beds
4
Baths
2,968
Sq Ft
9,583
Sq Ft Lot
Highlights
- Colonial Architecture
- Baseboard Heating
- 4-minute walk to Main Street Park
About This Home
As of February 2025Immaculate 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at north of a 10.5% cap rate based on current numbers. Units and exteriors have been renovated in the last year. A new owner can step into to this turnkey investment, projected to yield over a 13% cash on cash return (75% financing assumed but some banks will go north of 90%) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve closer to a 20% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with Fed easing, 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: 11/18/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,164
Year Built
- Built in 1900
Lot Details
- 9,583 Sq Ft Lot
- Lot Sloped Up
Parking
- Gravel Driveway
Home Design
- Colonial Architecture
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Shingle Roof
Interior Spaces
- 4 Full Bathrooms
- 2-Story Property
- Unfinished Basement
- Walk-Out Basement
Utilities
- Baseboard Heating
- Internet Available
- Cable TV Available
Community Details
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 18, 2024
Closed on
Feb 14, 2025
Sold by
Ne Holdings I Llc
Bought by
Juris Michael and Juris Deanna
Seller's Agent
Michael Gilman
3GEN Real Estate Inc
Buyer's Agent
Betsy Adamovich
Real Broker LLC
List Price
$345,000
Sold Price
$321,000
Premium/Discount to List
-$24,000
-6.96%
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,688
Avg. Annual Appreciation
-0.20%
Purchase Details
Listed on
Feb 8, 2023
Closed on
Apr 19, 2023
Sold by
Dragon Slayer Ltd Co
Bought by
Ne Holdings I Llc
Seller's Agent
Susan Bishop
Four Seasons Sotheby's Int'l Realty
Buyer's Agent
Susan Bishop
Four Seasons Sotheby's Int'l Realty
List Price
$220,000
Sold Price
$220,000
Views
87
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.93%
Purchase Details
Closed on
Aug 5, 2021
Sold by
Ellen Standish Osowski Executrix Of The
Similar Homes in Rutland, VT
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $321,000 | -- | |
| Deed | $220,000 | -- | |
| Deed | $220,000 | -- | |
| Deed | $220,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/14/2025 02/14/25 | Sold | $321,000 | -7.0% | $108 / Sq Ft |
| 12/19/2024 12/19/24 | Pending | -- | -- | -- |
| 12/11/2024 12/11/24 | For Sale | $345,000 | 0.0% | $116 / Sq Ft |
| 11/26/2024 11/26/24 | Pending | -- | -- | -- |
| 11/18/2024 11/18/24 | For Sale | $345,000 | +56.8% | $116 / Sq Ft |
| 04/19/2023 04/19/23 | Sold | $220,000 | 0.0% | $73 / Sq Ft |
| 02/17/2023 02/17/23 | Pending | -- | -- | -- |
| 02/08/2023 02/08/23 | For Sale | $220,000 | +31.7% | $73 / Sq Ft |
| 06/30/2016 06/30/16 | Sold | $167,000 | -4.5% | $60 / Sq Ft |
| 03/27/2016 03/27/16 | Pending | -- | -- | -- |
| 03/24/2016 03/24/16 | For Sale | $174,900 | -- | $63 / Sq Ft |
Source: PrimeMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | -- | $184,900 | $67,500 | $117,400 |
| 2023 | -- | $184,900 | $67,500 | $117,400 |
| 2022 | $6,385 | $184,900 | $67,500 | $117,400 |
| 2021 | $6,465 | $184,900 | $67,500 | $117,400 |
| 2020 | $6,407 | $184,900 | $67,500 | $117,400 |
| 2019 | $6,249 | $184,900 | $67,500 | $117,400 |
| 2018 | $6,258 | $184,900 | $67,500 | $117,400 |
| 2017 | $5,826 | $184,900 | $67,500 | $117,400 |
| 2016 | $5,808 | $184,900 | $67,500 | $117,400 |
Source: Public Records
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
-
Buyer's Agent in 2025
Betsy Adamovich
Real Broker LLC
(802) 772-0330
20 in this area
80 Total Sales
-
Seller's Agent in 2023
Susan Bishop
Four Seasons Sotheby's Int'l Realty
(802) 558-2180
98 in this area
213 Total Sales
-
Seller's Agent in 2016
Rebecca Woodard
Blue Ridge Real Estate
(802) 353-0312
52 in this area
76 Total Sales
-
Buyer's Agent in 2016
Alison McCullough
Alison McCullough Real Estate
(802) 747-8822
83 in this area
143 Total Sales
Map
Source: PrimeMLS
MLS Number: 5022485
APN: 540-170-14082
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Nearby Homes
- 28 E Washington St
- 24 S Main St Unit 5
- 50 Morse Place
- 10 S Main St
- 38 East St
- 50 Pleasant St
- 54 E Center St
- 14 Madison St
- 10 Sheldon Place
- 49 Terrill St
- 65 E Washington St
- 68 Jackson Ave
- 29 Woodstock Ave
- 85 Engrem Ave
- 70 N Main St
- 64 Bellevue Ave
- 4 Lyman Ave
- 9 Temple St
- 11 Southern Blvd
- 12 Brightview Ave