Sue Walsh
BHHS Vermont Realty Group/Middlebury
(802) 392-2832
68 Total Sales
11 in Rutland
$105K - $585K 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
- Baseboard Heating
- Walk-Up Access
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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2026
Closed on
May 26, 2026
Sold by
Bought by
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mark Triller
Real Broker LLC
List Price
$400,000
Sold Price
$395,000
Premium/Discount to List
-$5,000
-1.25%
Views
28
Purchase Details
Listed on
Apr 15, 2021
Closed on
Jul 15, 2021
Sold by
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$190,000
Sold Price
$150,000
Premium/Discount to List
-$40,000
-21.05%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.00%
Purchase Details
Listed on
May 8, 2010
Closed on
Aug 31, 2012
Sold by
Bought by
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$259,900
Sold Price
$195,000
Premium/Discount to List
-$64,900
-24.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.91%
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Rutland, VT
-
Sue Walsh
-
Lisa Kelley
Lisa Kelley
Cummings & Co
(802) 499-2954
143 Total Sales
16 in Rutland
$100K - $679K Price Range
-
Nancy Liberatore
Nancy Liberatore
Lakes & Homes Real Estate
(802) 797-4054
110 Total Sales
5 in Rutland
$70K - $325K Price Range
-
Ross Doody
Ross Doody
Century 21 Highview Realty
(802) 810-8077
206 Total Sales
1 in Rutland
$269,000 Price
-
Bethany Pombar
Bethany Pombar
KW Vermont - Barre
(802) 778-0442
67 Total Sales
1 in Rutland
$333,500 Price
-
Jacob Barnes
Jacob Barnes
EXP Realty
(802) 755-3173
95 Total Sales
8 in Rutland
$173K - $416K Price Range
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $395,000 | -- | |
| Deed | $150,000 | -- | |
| Deed | $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 | -- | $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
82 Total Sales
-
Mark Triller
Buyer's Agent in 2026
Mark Triller
Real Broker LLC
(802) 770-8259
92 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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