This listing courtesy of Erin L Shimp , Engel & Volkers Okemo

$610,000

1 Nickwackett Street, Rutland City, VT 05701

Multi-Family Home
Built in 1900
6,098sqft lot
—— car garage
$——/sqft
Listed 28 days ago

Property Description

Located in the heart of Historic Rutland City, this fully renovated and income-producing triplex offers a rare turnkey investment opportunity. Featuring 11 bedrooms and 6 full bathrooms, the property is configured for high-efficiency, dormitory-style living and comfortably accommodates up to 20 occupants. The building has been thoughtfully updated and styled for function, durability, and long-term performance. Recent improvements include reconfigured layout including electrical, plumbing/ heating systems; with newly renovated bathrooms, new laminate flooring/ carpet throughout, new stainless steel appliances, and brand-new 2 coin-operated laundry facilities. All furnishings convey with the sale, allowing for a seamless transition and continued revenue from day one. Currently operating with rental contracts with steady year-over-year income in place, this property provides immediate cash flow and stability for investors. The layout and capacity make it ideal for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in desirable Historic Rutland City, (TIF District) close to downtown amenities, transit, employers, and area attractions, this property combines strong rental demand with a fully operational setup. This is a true plug-and-play multifamily investment with established income, updated systems, and minimal startup costs.

Listing Status:: Active
Date Added:: February 16, 2026
Data Last Updated:: March 16, 2026 at 6:56AM
Listing Office:: Engel & Volkers Okemo : 802-975-0338
Listing Agent:: Erin L Shimp : 802-345-3913
MLS ID:: 5076867

Basement: Partial
Flooring: CarpetLaminateTile
A/C: Wall AC Units
Heating: Baseboard

Style: Apartment Building
Parking: Off StreetOn-Site

Roofing: Asphalt Shingle
General: Aluminum SidingConcrete

Road/Access: Public Maintained Road
School District: Rutland City School District
County: Rutland

Driveway: Dirt
Zoning: Residential / Commercial
Current Use: None

Utilities: Cable at SitePropane
Water: Public
Sewer: Public

This listing courtesy of Erin L Shimp , Engel & Volkers Okemo

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Rutland Intermediate School

63-65 Library Avenue, Rutland, VT, 05701

Grades 3-6

0.55 miles away

Rutland Middle School

67 Library Ave, Rutland, VT, 05701

Grades 7-8

0.57 miles away

Rutland High School

22 Stratton Rd, Rutland, VT, 05701

Grades 9-12

1.21 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.