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44 Baxter Street, 
Rutland City, VT 05701

$400,000


6

Beds


6

Baths


3,900

Sq Ft


Multi-Family

Active

Listed by

Mike Kalil

Watson Realty & Associates

802-773-3500

Last updated:

March 3, 2026, 11:28 AM

MLS#

5075867

Source:

PrimeMLS

About This Home

44 Baxter Street

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.

Home Facts

Multi-Family

6 Baths

6 Bedrooms

Built in 1915

Price Summary

400,000

$102 per Sq. Ft.

MLS #:

5075867

Last Updated:

March 3, 2026, 11:28 AM

Added:

a month ago


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

6

Full Bathrooms:

6

Interior

Living Area:

3,900 Sq. Ft.


Structure

Structure

Building Area:

4,000 Sq. Ft.

Year Built:

1915


Lot

Lot Size (Sq. Ft):

2,614


Finances & Disclosures

Finances

Price:

$400,000

Price per Sq. Ft:

$102 per Sq. Ft.

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Copyright 2026 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 March 3, 2026

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.