KC Gandee
Real Broker LLC
(802) 499-2169
26 Total Sales
4 in Rutland
$288K - $335K Price Range
44 Baxter St Rutland, VT 05701
Rutland Area
6
Beds
6
Baths
3,900
Sq Ft
2,614
Sq Ft Lot
Highlights
- Corner Lot
- Walk-Up Access
- 2-minute walk to Baxter Street Park
- Baseboard Heating
About This Home
As of May 2026High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont
This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment.
Property Overview
6 total units
5 one-bedroom apartments
1 efficiency unit
Mostly updated interiors
New vinyl siding & new windows
Well-maintained building with no capital needs
Financial Performance
Gross Annual Income: $81,252
Annual Operating Expenses: $24,841
(Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.)
Net Operating Income (NOI): $56,411
Cap Rate: 14%+ at asking price
Why This Property Stands Out
Strong, stable rental income
Fully occupied with proven performance
Major capital improvements already completed
Low operating expenses
Ideal for both new and seasoned investors seeking high yield
This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.
Last Agent to Sell the Property
Watson Realty & Associates License #081.0095645 Listed on: 02/05/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,705
Year Built
- Built in 1915
Lot Details
- 2,614 Sq Ft Lot
- Corner Lot
Parking
- Gravel Driveway
Home Design
- Concrete Foundation
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- Property has 2.5 Levels
- Partially Finished Basement
- Walk-Up Access
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Bathrooms
Location
- Flood Zone Lot
Utilities
- No Cooling
- Baseboard Heating
- Heating System Uses Oil
Community Details
Overview
- 6 Units
Building Details
- Gross Income $81,252
- Net Operating Income $56,411
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Rutland, VT
-
KC Gandee
-
Amey Ryan
Amey Ryan
IPJ Real Estate
(802) 771-2713
230 Total Sales
1 in Rutland
$45,000 Price
-
Beth Stanway
Beth Stanway
IPJ Real Estate
(802) 898-8669
140 Total Sales
1 in Rutland
$240,000 Price
-
Gail Beardmore
Gail Beardmore
Engel & Völkers Okemo
(802) 797-7068
77 Total Sales
1 in Rutland
$87,500 Price
-
Lawrence Zupan
Lawrence Zupan
EXP Realty
(802) 856-8301
39 Total Sales
3 in Rutland
$180K - $539K Price Range
-
Justin Ranney
Justin Ranney
Coldwell Banker Homes Unlimited
(802) 526-6944
88 Total Sales
1 in Rutland
$300,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $395,000 | -- | ||
| -- | $150,000 | -- | |
| Nayla Llc | $195,000 | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/26/2026 05/26/26 | Sold | $395,000 | -1.3% | $101 / Sq Ft | |
| 02/05/2026 02/05/26 | For Sale | $400,000 | +166.7% | $103 / Sq Ft | |
| 07/15/2021 07/15/21 | Sold | $150,000 | -21.1% | $50 / Sq Ft | View Prior Sale |
| 04/17/2021 04/17/21 | Pending | -- | -- | -- | |
| 04/15/2021 04/15/21 | For Sale | $190,000 | -2.6% | $63 / Sq Ft | |
| 08/31/2012 08/31/12 | Sold | $195,000 | -25.0% | $65 / Sq Ft | View Prior Sale |
| 07/19/2012 07/19/12 | Pending | -- | -- | -- | |
| 05/08/2010 05/08/10 | For Sale | $259,900 | -- | $87 / Sq Ft |
Source: PrimeMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $2,373 | $123,100 | $60,400 | $62,700 |
| 2024 | -- | $123,100 | $60,400 | $62,700 |
| 2023 | -- | $123,100 | $60,400 | $62,700 |
| 2022 | $4,251 | $123,100 | $60,400 | $62,700 |
| 2021 | $4,304 | $123,100 | $60,400 | $62,700 |
| 2020 | $4,266 | $123,100 | $60,400 | $62,700 |
| 2019 | $0 | $123,100 | $60,400 | $62,700 |
| 2018 | $3,945 | $123,100 | $60,400 | $62,700 |
| 2017 | $3,873 | $123,100 | $60,400 | $62,700 |
| 2016 | $0 | $123,100 | $60,400 | $62,700 |
| 2015 | -- | $1,231 | $0 | $0 |
| 2014 | -- | $1,231 | $0 | $0 |
| 2013 | -- | $1,231 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mike Kalil
Seller's Agent in 2026
Mike Kalil
Watson Realty & Associates
(802) 342-8899
79 Total Sales
-
Mark Triller
Buyer's Agent in 2026
Mark Triller
Real Broker LLC
(802) 770-8259
96 Total Sales
Map
Source: PrimeMLS
MLS Number: 5075867
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 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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