This listing courtesy of Mike Kalil , Watson Realty & Associates
$400,000

44 Baxter Street, Rutland City, VT 05701

  • 6 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1915
  • Property Lot Size Icon2,614sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.

Listing Status:
Active
Date Added:
February 5, 2026
Data Last Updated:
March 16, 2026 at 7:57AM
Listing Office:
Watson Realty & Associates : 802-773-3500
Listing Agent:
Mike Kalil : 802-773-3500
MLS ID:
5075867
  • Basement: Partially Finished
  • A/C: None
  • Heating: OilBaseboard
  • Style: Multi-Family
  • Roofing: Asphalt Shingle
  • General: Wood FrameConcrete
  • Road/Access: Public
  • County: Rutland
  • Driveway: Gravel
  • Zoning: Residential
  • Utilities: Phone
  • Water: Public
  • Sewer: Public

This listing courtesy of Mike Kalil , Watson Realty & Associates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Rutland Northwest School

80 Pierpoint Ave, Rutland, VT, 05701

Grades PK-2

0.27 miles away

R

Rutland Middle School

67 Library Ave, Rutland, VT, 05701

Grades 7-8

0.34 miles away

R

Rutland High School

22 Stratton Rd, Rutland, VT, 05701

Grades 9-12

1.69 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.
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