48 Forest St Rutland, VT 05701
Estimated payment $2,471/month
About This Home
Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br. This cash cow features a net operating income ~$44,000 and is being listed at north of a 12% cap rate based on current numbers. Property has recent certificate of occupancy and is up to date.
In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex during a falling rate environment, and ahead of the historic multibillion dollar development occurring nearby at Killington, which 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.
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, 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,706
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Corner Lot
Parking
- Gravel Driveway
Home Design
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Walk-Out Basement
Bedrooms and Bathrooms
- 8 Bedrooms
- 4 Bathrooms
Utilities
- Cable TV Available
Community Details
Overview
- 4 Units
Building Details
- Gross Income $62,520
- Net Operating Income $44,008
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 | -- | $198,900 | $56,400 | $142,500 |
| 2023 | -- | $198,900 | $56,400 | $142,500 |
| 2022 | $6,868 | $198,900 | $56,400 | $142,500 |
| 2021 | $6,955 | $198,900 | $56,400 | $142,500 |
| 2020 | $6,892 | $198,900 | $56,400 | $142,500 |
| 2019 | $6,722 | $198,900 | $56,400 | $142,500 |
| 2018 | $6,732 | $198,900 | $56,400 | $142,500 |
| 2017 | $6,268 | $198,900 | $56,400 | $142,500 |
| 2016 | $6,248 | $198,900 | $56,400 | $142,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/14/2025 10/14/25 | Price Changed | $345,000 | 0.0% | $86 / Sq Ft | |
| 10/14/2025 10/14/25 | For Sale | $345,000 | +6.2% | $86 / Sq Ft | |
| 04/03/2025 04/03/25 | Off Market | $325,000 | -- | -- | |
| 02/25/2025 02/25/25 | Pending | -- | -- | -- | |
| 01/24/2025 01/24/25 | For Sale | $325,000 | +35.4% | $81 / Sq Ft | |
| 03/29/2023 03/29/23 | Sold | $240,000 | -4.0% | $60 / Sq Ft | View Prior Sale |
| 01/23/2023 01/23/23 | Pending | -- | -- | -- | |
| 01/22/2023 01/22/23 | For Sale | $250,000 | +108.3% | $62 / Sq Ft | |
| 07/09/2018 07/09/18 | Sold | $120,000 | -7.7% | $30 / Sq Ft | View Prior Sale |
| 12/18/2017 12/18/17 | Pending | -- | -- | -- | |
| 12/13/2017 12/13/17 | For Sale | $130,000 | 0.0% | $32 / Sq Ft | |
| 12/11/2017 12/11/17 | Pending | -- | -- | -- | |
| 10/13/2017 10/13/17 | For Sale | $130,000 | -- | $32 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $240,000 | -- | |
| Deed | $240,000 | -- | |
| Deed | $120,000 | -- |
Source: PrimeMLS
MLS Number: 5027605
APN: 540-170-13903
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