38 Cottage
Rutland City, VT 05701
- – beds
- – baths
- 3,590 sqft
- 6,534 sqft lot
- $146 per sqft
- 1884 build
- – on site
Well maintained 100% occupied 7 unit located in central Rutland neighborhood. This 7 unit property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income of ~$58K (12% cap without management fees). A new owner can step into to this turnkey investment, projected to yield over a 18% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 7plex 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. Listing Broker is a member of the LLC selling the property.
Last checked:
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Last updated Apr 24, 2025
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MLS# 5037586 —
The Building
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Year Built:1884
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame
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Architectural Style:Multi-Family
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Roof:Shingle - Asphalt
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Foundation:Stone
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Total Stories:2
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Total Units:7
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Approx SqFt Total:4588
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Approx SqFt Total Finished:3,590 Sqft
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Approx SqFt Finished Above Grade:3,590 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Unfinished Below Grade:998
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Approx SqFt Unfinished Building Source:Public Records
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Approx SqFt Finished Above Grade Source:Appraiser
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Road Frontage Type:Public
Interior
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Basement:Yes
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Basement Description:Unfinished
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Basement Access Type:Interior
Room Dimensions
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Room 4 Dimensions:0 Sqft
Location
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Latitude:43.610653000001001
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Longitude:-72.979505000000003
The Property
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Property Class:Multi-Family
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Seasonal:Unknown
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Lot Features:Other
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Lot SqFt:6,534 Sqft
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Lot Acres:0 Sqft
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Zoning:MR-1
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Driveway:Paved
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Road Frontage:Yes
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Road Frontage Length:50 Sqft
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Year:2025
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Taxes TBD:No
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Tax - Gross Amount:$6,268.60
Beds
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Bedrooms - Level 1:1
Baths
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Quarter Baths:1
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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:146.24
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Oil
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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Condo Name:Monthly
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Marina Name:Monthly
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Covenants:Unknown
Extra Units
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Unit 1 Bedrooms:1
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Unit 2 Bedrooms:1
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Unit 3 Bedrooms:1
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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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/23/25
Apr 23, 2025
|
Listed / Active | PRIME_MLS | $525,000 |
