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38 Cottage Street, 
Rutland City, VT 05701

$525,000


Bed


Bath


3,590

Sq Ft


Multi-Family

Active

Listed by

Michael Gilman

3gen Real Estate Inc

802-227-7327

Last updated:

April 25, 2025, 10:19 AM

MLS#

5037586

Source:

PrimeMLS

About This Home

38 Cottage Street

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.

Home Facts

Multi-Family

Built in 1884

Price Summary

525,000

$146 per Sq. Ft.

MLS #:

5037586

Last Updated:

April 25, 2025, 10:19 AM

Added:

9 day(s) ago


Rooms & Interior

Interior

Living Area:

3,590 Sq. Ft.


Structure

Structure

Building Area:

4,588 Sq. Ft.

Year Built:

1884


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$525,000

Price per Sq. Ft:

$146 per Sq. Ft.

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Copyright 2025 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated May 2, 2025

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