15 Woodstock
Rutland City, VT 05701
- – beds
- – baths
- 3,869 sqft
- 7,841 sqft lot
- $113 per sqft
- 1900 build
- – on site
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Opportunity to purchase a high cash flow 6 unit turnkey building in the heart of Rutland at an impressive 11% cap (13% cap at proforma market rents). The building has been professionally managed, fully renovated, and a new owner can step into to this turnkey investment, projected to yield over a 20% cash on cash return during the hold period based on current numbers, with significant upside at sale. With a gross potential income upwards of $80K, this fully occupied property has a diverse unit mix of studios, 1br and 2br apartments - allowing it to appeal to a broad range of residents. Situated on a street with ample parking and outdoor space for residents to enjoy, the property rents quick when there is a rare vacancy. The building has undergone weatherization and energy efficiency work resulting in lower heating season bills than your average multifamily. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate ahead of the historic multibillion dollar development occurring nearby at Killington, which 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.
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Last updated Mar 25, 2025
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MLS# 5009711 —
The Building
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Year Built:1900
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Masonry, Wood Frame
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Architectural Style:Multi-Family
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Roof:Shingle - Asphalt
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Foundation:Concrete, Stone
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Total Stories:2.5
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Total Units:6
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Approx SqFt Total:5159
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Approx SqFt Total Finished:3,869 Sqft
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Approx SqFt Finished Above Grade:3,869 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:1290
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Approx SqFt Unfinished Building Source:Estimated
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Approx SqFt Finished Above Grade Source:Appraiser
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Road Frontage Type:Paved
Interior
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Basement:Yes
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Basement Description:Full
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Basement Access Type:Walk-up
Location
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Latitude:43.611128000001003
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Longitude:-72.971378000000001
The Property
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Property Class:Multi-Family
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Seasonal:Unknown
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Lot Features:Sidewalks
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Lot SqFt:7,841 Sqft
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Lot Acres:0 Sqft
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Zoning:RB
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Driveway:Gravel
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Road Frontage:Yes
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Road Frontage Length:85 Sqft
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:23
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Taxes TBD:No
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Tax - Gross Amount:$7,213.72
Beds
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Total 2 Bedroom Units:1
Baths
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Total Full Baths:6
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Unit 1 Baths:1
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Unit 2 Baths:1
The Listing
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Price Per SqFt:113.72
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Oil, Hot Water
Utilities
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Utilities:Cable
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Sewer:Public
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Electric:100 Amp
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Water Source:Public
The Community
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Covenants:Unknown
Extra Units
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Unit 1 Bedrooms:2
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Unit 3 Bedrooms:2
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Unit 3 Baths:1
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Unit 4 Bedrooms:1
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Unit 4 Baths:1
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Unit 5 Bedrooms:1
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Unit 5 Baths:1
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Unit 6 Bedrooms:1
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Unit 6 Baths:1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/21/25
Mar 21, 2025
|
Sold | PRIME_MLS | $440,000 | -4.3% |
9/23/24
Sep 23, 2024
|
Sold Subject To Contingencies | PRIME_MLS | $460,000 | |
8/14/24
Aug 14, 2024
|
Listed / Active | PRIME_MLS | $460,000 |