M
Seller's Agent in 2025
Michael Gilman
3GEN Real Estate Inc
(917) 710-0899
11 in this area
20 Total Sales
48 Forest St Rutland, VT 05701
8
Beds
4
Baths
4,032
Sq Ft
3,049
Sq Ft Lot
About This Home
As of December 2025Well 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.
Last Agent to Sell the Property
3GEN Real Estate Inc License #081.0134330 Listed on: 01/24/2025
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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 24, 2025
Closed on
Dec 30, 2025
Sold by
Ne Holdings I Llc
Bought by
Arapaho Partners Llc
Seller's Agent
Michael Gilman
3GEN Real Estate Inc
Buyer's Agent
Lisa Kelley
Cummings & Co
List Price
$345,000
Sold Price
$322,000
Premium/Discount to List
-$23,000
-6.67%
Views
19
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.01%
Purchase Details
Listed on
Jan 22, 2023
Closed on
Mar 29, 2023
Sold by
Vicar Anton and Vicar Nancy G
Bought by
Ne Holdings I Llc
Seller's Agent
Mike Kalil
Watson Realty & Associates
Buyer's Agent
Mike Kalil
Watson Realty & Associates
List Price
$250,000
Sold Price
$240,000
Premium/Discount to List
-$10,000
-4%
Views
30
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%
Purchase Details
Listed on
Oct 13, 2017
Closed on
Jul 9, 2018
Sold by
Muscatello Cheryl A and Muscatello James J
Bought by
Vicar Anton and Vicar Nancy G
Seller's Agent
Nancy Greenwood
Watson Realty & Associates
Buyer's Agent
Gretchjen Smith
Williamson Group Sothebys Intl. Realty
List Price
$130,000
Sold Price
$120,000
Premium/Discount to List
-$10,000
-7.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.82%
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 | $322,000 | -- | |
| Deed | $240,000 | -- | |
| Deed | $240,000 | -- | |
| Deed | $240,000 | -- | |
| Deed | $120,000 | -- | |
| Deed | $120,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/31/2025 12/31/25 | Sold | $322,000 | -6.7% | $80 / Sq Ft | |
| 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 | +7.1% | $86 / Sq Ft | |
| 10/11/2025 10/11/25 | Pending | -- | -- | -- | |
| 04/03/2025 04/03/25 | Off Market | $322,000 | -- | -- | |
| 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 |
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 | -- | $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 | $6,374 | $198,900 | $56,400 | $142,500 |
| 2017 | $6,268 | $198,900 | $56,400 | $142,500 |
| 2016 | $6,248 | $198,900 | $56,400 | $142,500 |
| 2015 | -- | $1,989 | $0 | $0 |
| 2014 | -- | $1,989 | $0 | $0 |
| 2013 | -- | $1,989 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Gilman
-
Lisa Kelley
Buyer's Agent in 2025
Lisa Kelley
Cummings & Co
(802) 345-6581
18 in this area
154 Total Sales
-
Mike Kalil
Seller's Agent in 2023
Mike Kalil
Watson Realty & Associates
(802) 342-8899
68 in this area
99 Total Sales
-
Nancy Greenwood
Seller's Agent in 2018
Nancy Greenwood
Watson Realty & Associates
(802) 353-2203
72 in this area
119 Total Sales
-
Gretchjen Smith
Buyer's Agent in 2018
Gretchjen Smith
Williamson Group Sothebys Intl. Realty
(802) 356-1873
107 Total Sales
Map
Source: PrimeMLS
MLS Number: 5027605
APN: 540-170-13903
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