$424,500

52 Chestnut Avenue, Rutland City, VT 05701

Multi-Family Home
Built in 1899
5,663sqft lot
—— car garage
$——/sqft
Listed 9 days ago

Property Description

This listing courtesy of Betsy Adamovich, Real Broker LLC

CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad tenant base including professionals, students, and long-term local renters. Several thoughtful renovations and updates have already been completed, reducing near-term capital expenditure needs and supporting tenant retention. With solid in-place income and additional upside potential through future rent adjustments, cosmetic improvements, or operational efficiencies, this property offers both immediate cash flow and long-term growth opportunity. Whether you’re an experienced investor or expanding your portfolio, this multi-unit asset delivers income stability and scalability in a strong Vermont rental market.

Listing Status:: Active
Date Added:: December 12, 2025 at 06:00AM
Listing Office:: Real Broker LLC : 855-450-0442
Listing Agent:: Betsy Adamovich : 802-384-0155
MLS ID:: 5071953

Basement: Unfinished
Flooring: Vinyl
A/C: None
Heating: OilBaseboardHot Water

Style: Apartment BuildingMulti-Family

Roofing: Asphalt Shingle
General: Wood FrameVinyl ExteriorBrickConcrete

Road/Access: PavedPublic
School District: Rutland City School District
County: Rutland

Driveway: Paved
Zoning: Residential

Utilities: Telephone Available
Water: Public
Sewer: Public

This listing courtesy of Betsy Adamovich, Real Broker LLC

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

0.09 miles away

Rutland Middle School

67 Library Ave, Rutland, VT, 05701

Grades 7-8

0.11 miles away

Rutland High School

22 Stratton Rd, Rutland, VT, 05701

Grades 9-12

1.31 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.