37 Killington Ave Rutland, VT 05701
Estimated payment $4,541/month
Highlights
- Porch
- Baseboard Heating
- Carpet
About This Home
Exceptional 13.37% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-maintained 8-unit multifamily property features a desirable and diversified unit mix of six (6) 2-bedroom, 1-bath units and two (2) studio apartments. The building has been thoughtfully cared for and is supported by many long-term tenants, contributing to stabilized occupancy and reliable performance. Generating $113,880 in gross annual income, the property is located within walking distance to downtown Rutland, benefiting from strong rental demand driven by easy access to public transportation, restaurants, retail, and essential services. Investors will appreciate the immediate income in place, along with future upside potential through rent growth, cosmetic improvements, or operational efficiencies. A compelling opportunity for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market, this property offers both stability today and growth potential for the future.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,519
Year Built
- Built in 1988
Parking
- Gravel Driveway
Home Design
- Brick Foundation
- Stone Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Basement
- Interior Basement Entry
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 14 Bedrooms
- 8 Bathrooms
Schools
- Rutland Town Elementary School
- Rutland Middle School
- Rutland Senior High School
Utilities
- No Cooling
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Oil
- Phone Available
Additional Features
- Porch
- 0.33 Acre Lot
- City Lot
Community Details
Overview
- 8 Units
Building Details
- Gross Income $113,800
- Net Operating Income $88,918
Map
Home Values in the Area
Average Home Value in this Area
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 | -- | $306,800 | $74,400 | $232,400 |
| 2023 | -- | $306,800 | $74,400 | $232,400 |
| 2022 | $10,594 | $306,800 | $74,400 | $232,400 |
| 2021 | $10,728 | $306,800 | $74,400 | $232,400 |
| 2020 | $10,632 | $306,800 | $74,400 | $232,400 |
| 2019 | $0 | $306,800 | $74,400 | $232,400 |
| 2018 | $9,831 | $306,800 | $74,400 | $232,400 |
| 2017 | $9,668 | $306,800 | $74,400 | $232,400 |
| 2016 | $9,637 | $306,800 | $74,400 | $232,400 |
| 2015 | -- | $3,068 | $0 | $0 |
| 2014 | -- | $3,068 | $0 | $0 |
| 2013 | -- | $3,068 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/03/2026 02/03/26 | For Sale | $665,000 | -- | $114 / Sq Ft |
Source: PrimeMLS
MLS Number: 5075585
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Copyright 2026 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.
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Ask me questions while you tour the home.