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Rutland, VT Multifamily Homes & Duplexes for Sale

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  • /38

    $499,000

    • 12 Beds
    • 6 Baths
    • 6,390 Sq Ft

    49 Terrill St, Rutland, VT 05701

    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

    Hughes Group Team

    Casella Real Estate

    (802) 300-3794

    49 Terrill St, Rutland, VT 05701
  • /56

    $499,995 Open Sun 2PM - 4PM

    • 5 Beds
    • 3 Baths
    • 3,234 Sq Ft

    209 State St, Rutland, VT 05701

    Duplex located in the heart of Rutland City—just minutes from Killington Resort, downtown shopping, dining, and year-round events. Fully renovated and previously operated as a successful Airbnb and ski rental, this 3,200+ sq ft property includes a current occupancy permit, allowing for immediate short-term rental use. Ideal for investors or owner-occupants seeking income potential.Each

    Evan Russell Real Broker LLC

    209 State St, Rutland, VT 05701
  • /35

    $250,000

    • 4 Beds
    • 3 Baths
    • 2,576 Sq Ft

    58 Crescent St, Rutland, VT 05701

    This well-maintained multi-family home offers charm, functionality, and great living space for both units.Unit 1 spans the first floor with 2 spacious bedrooms and a full bath, featuring a large kitchen with center island, formal dining room, and bright living room—all highlighted by beautiful hardwood floors and abundant natural light. The second floor offers bonus living space with an

    Alison McCullough Alison McCullough Real Estate

    58 Crescent St, Rutland, VT 05701
  • /18

    $249,000

    • 6 Beds
    • 4 Baths
    • 2,860 Sq Ft

    75 Harrison Ave, Rutland, VT 05701

    A Four Unit Investment Property.This reasonably well-maintained four-unit property offers two 2 bedroom and two 1 bedroom units, making it appealing to both renters and owner-occupants. This is a “turnkey” rental property, ready to generate income immediately.Located within Rutland City, near downtown shops, schools, parks, and public transportation, this property benefits from strong

    Mark Triller Real Broker LLC

    75 Harrison Ave, Rutland, VT 05701
  • /25

    $145,000

    • 2 Beds
    • 2 Baths
    • 1,981 Sq Ft

    134 Maple St, Rutland, VT 05701

    This two unit home in the heart of Rutland City is brimming with potential. A true diamond in the rough, this property offers the perfect opportunity for investors, flippers, or handy homeowners looking to bring a home back to its original charm. Set on a manageable lot in a convenient neighborhood close to shopping, dining, and schools, this home features one unit that offers a traditional

    Rhonda Nash Welcome Home Real Estate

    134 Maple St, Rutland, VT 05701
  • /56

    $450,000

    • 4 Beds
    • 3 Baths
    • 2,813 Sq Ft

    10 S Main St, Rutland, VT 05701

    OPEN HOUSE SATURDAY JULY 12th, 10a-1130aTimeless Treasure Overlooking Main Street Park! This stunning home, lovingly maintained, thoughtfully updated, and beautifully curated since 1900, stands as a graceful sentinel overlooking Main Street Park and the mountains to the west. With its classic architecture and flexible layout, the property bodes well for multigenerational living, spacious

    Susan Bishop Four Seasons Sotheby's Int'l Realty

    10 S Main St, Rutland, VT 05701
  • /49

    $277,000

    • 5 Beds
    • 2 Baths
    • 2,620 Sq Ft

    44 Cleveland Ave, Rutland, VT 05701

    Two-unit Colonial in the heart of Rutland City, an investment or owner-occupant opportunity. Set on historic Cleveland Avenue, this 1909 Colonialoffers 2,620 finished square feet on a 0.16-acre city lot. The upper unit features 3 bedrooms and a large porch with mountain views, while the lower unit includes 2 bedrooms with three covered porches. Both units are equipped with washer and dryer.

    Rondene E Wanner EXP Realty

    44 Cleveland Ave, Rutland, VT 05701
  • /20

    $260,000

    • 1,760 Sq Ft

    87 Granger St, Rutland, VT 05701

    Welcome to this charming, versatile two-unit multifamily home nestled on a large lot in beautiful Rutland, Vt—offering the perfect blend of opportunity, comfort, and potential income. Currently being enjoyed as a spacious single-family residence, this home could effortlessly be converted back to a two-family setup, allowing you to live in one unit while letting the rental income from the other

    Noel Weeks Welcome Home Real Estate

    87 Granger St, Rutland, VT 05701
  • /20

    $259,000

    • 3 Beds
    • 2 Baths
    • 2,114 Sq Ft

    10 Sheldon Place, Rutland, VT 05701

    Thi home is centrally located near the center of Rutland City,shopping,restaurants, Rutland Main Street Park. This home is being used as an Air BNB and is fully furnished. This home can be converted back to a single family home,short or long term rental. This home is located 1 block from Rt.7 and Rt. 4.

    Ed Patch Century 21 Premiere Properties-Rutland

    10 Sheldon Place, Rutland, VT 05701
  • /42

    $298,000

    • 4 Beds
    • 4 Baths
    • 2,469 Sq Ft

    68 Forest St, Rutland, VT 05701

    RUTLAND CITY: 1900 Contemporary Renovated Multi-Family. In 2002, house was taken down to the studs and 2nd floor was rebuilt, including sunken living room and vaulted ceilings, laundry area, primary suite with air tub, walk-in closet, office/den to the rooftop deck. Also, relax in the whirlpool tub while star-gazing.This luxury owner's apartment has rental income from 2 apartments that

    Owen Loughan Westside Real Estate

    68 Forest St, Rutland, VT 05701
  • /12

    $300,000

    • 7,886 Sq Ft

    135 Grove St, Rutland, VT 05701

    Bring your vision and tools—this massive property is ready for transformation. Once a 23-room boarding house, this impressive structure has been partially converted into a 4-5 unit multifamily building, with each unit designed to have 4+ bedrooms when complete. One of the units has been thoughtfully designed to meet ADA requirements. The groundwork has been laid, but there's still a long way to

    Betsy Adamovich Real Broker LLC

    135 Grove St, Rutland, VT 05701
  • /24

    $499,000

    • 7 Beds
    • 7 Baths
    • 3,590 Sq Ft

    38 Cottage St, Rutland, VT 05701

    Well maintained 100% occupied 7 unit located in central Rutland neighborhood, priced below comparables and recent sales! This 7 unit property was recently renovated and is being listed at a ~12% cap and an annual Net Operating Income of ~$58K (~13% cap without management fees). A new owner can step into to this turnkey investment and enjoy extraordinary cash on cash returns based on

    Michael Gilman 3GEN Real Estate Inc

    38 Cottage St, Rutland, VT 05701
  • /33

    $265,000

    • 5 Beds
    • 2 Baths
    • 1,936 Sq Ft

    56 Church St, Rutland, VT 05701

    This multi-family, duplex offers an opportunity to invest in a building that has been renovated, updated, and well-maintained - leaving you minimal maintenance expenses. Fresh paint and flooring; recent roofing and plumbing; and well-maintained mechanicals. The building has a current CO, and is 100% occupied. Unit 1 is on the main floor and Unit 2 on the second floor. Unit 1 includes three

    Sue Starr-Adams EXP Realty

    56 Church St, Rutland, VT 05701
  • /25

    $449,000

    • 8 Beds
    • 8 Baths
    • 3,896 Sq Ft

    43 Summer St, Rutland, VT 05701

    Investment Opportunity: 8-Unit Multifamily in Rutland CityDon’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate

    Betsy Adamovich Real Broker LLC

    43 Summer St, Rutland, VT 05701
  • /2

    $175,000

    • 1,781 Sq Ft

    85 Baxter St, Rutland, VT 05701

    Great opportunity for an investor with a cape rate over 11.5% or for an owner occupied live in one unit and let the other unit pays for your expenses. Gross yearly income currently is $33360, and yearly income is over $20k, well maintained property in close proximity to all shoppings.

    Mike Kalil Watson Realty & Associates

    85 Baxter St, Rutland, VT 05701

Why Live in Rutland

Rutland, Vermont, located in the foothills of the Green Mountains, is a small but growing community known for its rich history and vibrant local culture. The city, once a hub for marble quarrying, now thrives with top employers like GE Aerospace and the Rutland Regional Medical Center. Rutland offers a mix of competitively priced homes, including large, updated Victorian houses, particularly along Main Street. Outdoor enthusiasts will appreciate the proximity to ski resorts in Mendon and Killington, less than 20 miles away, and water sports at Lake Champlain, about 55 miles west. Within Rutland, over half of the residents live within a 10-minute walk of a park, such as White Memorial Park and the Cioffredi Complex. The downtown area is a focal point for arts and entertainment, featuring historic marble storefronts, a marble sculpture trail, and numerous murals. Dining and shopping options are plentiful, with national chains near the Vermont State Fairgrounds. Education in Rutland includes highly rated private schools like Rutland Area Christian School and Mount St. Joseph Academy, alongside a robust public school system. The city is well-connected via U.S. routes 4 and 7, public bus services, Amtrak, and the Rutland Southern Vermont Regional Airport. Recent FBI reports indicate a 17% decline in both violent and property crimes, making Rutland safer than the national average.

Home Trends in Rutland, VT

Housing Trends

Median Sale Price
$265,000
Median Single Family Sale Price
$313,500
Median 2 Bedroom Sale Price
$155,000
Average Price Per Sq Ft
$189
Number of Homes for Sale
2
Last 12 months Home Sales
22
Months of Supply
1.10
Median List Price
$310,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
36%
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