73 Crescent Street, Rutland, VT 05701
Local realty services provided by:ERA Key Realty Services
73 Crescent Street,Rutland City, VT 05701
$325,000
- 4 Beds
- 3 Baths
- 2,652 sq. ft.
- Multi-family
- Pending
Listed by: kc gandee
Office: real broker llc.802-613-0729
MLS#:5103784
Source:PrimeMLS
Price summary
- Price:$325,000
- Price per sq. ft.:$81.7
About this home
Turnkey 3-Unit Investment Property with Strong Occupancy & Value-Add Potential. Outstanding investment opportunity in the heart of Rutland City! This well-maintained triplex features a rock-solid rental history with zero vacancy during the current ownership. Situated in a desirable location near local schools and Pine Hill Park, this property represents an ideal addition to any portfolio or an excellent owner-occupy opportunity. The building consists of one spacious 2-bedroom unit and two comfortable 1-bedroom units, totaling 4 bedrooms and 3 bathrooms across approximately 2,900 square feet of living space. All tenants are currently on flexible month-to-month leases, offering immediate upside as current rents sit below market rates. Unit Breakdown Apartment 1: 1,100 sq. ft. | 2 Bed, 1 Bath | Long-term tenant of 5 years. Features new flooring installed in 2024. Apartment 2: 900 sq. ft. | 1 Bed, 1 Bath | Long-term tenant of 4 years. Apartment 3: 900 sq. ft. | 1 Bed, 1 Bath | Features a recently remodeled bathroom and a boiler upgrade in 2025. This property is highly efficient for landlords, featuring separate electrical meters and individual boilers for each unit so tenants can manage their own utility payments. Recent Updates: Boiler upgrade for Apt 3 (2025), new flooring in Apt 1 (2024), major sewer pipe repair completed in 2023, and a remodeled bathroom in Apt 3. Parking & Storage: A rare and highly valuable 3-bay garage sits on the property, providing one dedicated storage/parking bay for each apartment alongside an expansive driveway with ample off-street parking. Landlord Expenses: Owner currently covers oil (heat), water/sewer, trash removal, and seasonal plowing/mowing. With a CAP rate of 5.8% at listing price and a track record of exceptional tenant retention, this stable income producer is ready for its next owner. Don't miss out on a proven revenue generator in a strong rental market. Schedule your private showing today!...
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Home facts
- Year built:1870
- Listing ID #:5103784
- Added:58 day(s) ago
- Updated:October 04, 2026 at 07:34 AM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Basement Description:Interior, Unfinished
- Living area:2,652 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1870
- Building area:2,652 sq. ft.
- Lot area:0.25 Acres
- Levels:2 Story
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$325,000
- Price per sq. ft.:$81.7
- Tax amount:$6,846 (2026)
Parking
- Parking description:Paved Driveway
- Garage spaces:3
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