49 Terrill St Rutland, VT 05701
Estimated payment $3,290/month
Highlights
- Tile Flooring
- High Speed Internet
- Level Lot
- Baseboard Heating
About This Home
Don’t miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units—key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today!
Listing Agent
Hughes Group Team
Casella Real Estate
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,125
Year Built
- Built in 1910
Lot Details
- 0.64 Acre Lot
- Level Lot
Home Design
- Concrete Foundation
- Wood Frame Construction
- Metal Roof
- Cedar Siding
- Vinyl Siding
Interior Spaces
- Property has 2 Levels
- Basement
- Interior Basement Entry
Flooring
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 12 Bedrooms
- 7 Bathrooms
Parking
- Gravel Driveway
- Off-Street Parking
- Assigned Parking
Location
- City Lot
Utilities
- Baseboard Heating
- Hot Water Heating System
- High Speed Internet
Community Details
Overview
- 5 Units
Building Details
- Gross Income $75,600
- Net Operating Income $49,255
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 |
|---|---|---|---|---|
| 2023 | -- | $158,100 | $63,800 | $94,300 |
| 2022 | $5,459 | $158,100 | $63,800 | $94,300 |
| 2021 | $5,528 | $158,100 | $63,800 | $94,300 |
| 2020 | $5,479 | $158,100 | $63,800 | $94,300 |
| 2019 | $5,343 | $158,100 | $63,800 | $94,300 |
| 2018 | $5,351 | $158,100 | $63,800 | $94,300 |
| 2017 | $5,681 | $180,300 | $63,800 | $116,500 |
| 2016 | $5,664 | $180,300 | $63,800 | $116,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/17/2025 04/17/25 | For Sale | $499,000 | +40.6% | $78 / Sq Ft |
| 04/14/2023 04/14/23 | Sold | $355,000 | -5.3% | $56 / Sq Ft |
| 02/09/2023 02/09/23 | Pending | -- | -- | -- |
| 02/02/2023 02/02/23 | For Sale | $375,000 | -- | $59 / Sq Ft |
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $355,000 | -- | |
| Deed | $120,000 | -- |
Source: PrimeMLS
MLS Number: 5036788
APN: 540-170-15902
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