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Listed by KC Gandee • Real Broker LLC
$ 260,000
Est. payment /mo
New
84 Crescent ST Rutland City, VT 05701
4 Beds
2 Baths
2,060 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,060 sqft
Price per Sqft $126
MLS Listing ID 5103770
Bedrooms 4
Full Baths 2
Construction Status Existing
Year Built 1920
Annual Tax Amount $5,571
Tax Year 2026
Lot Size 9,147 Sqft
Acres 0.21
Property Description
**Turn Key Buy and Hold Investment in Rutland City!** Looking for a solid buy-and-hold in Rutland City? This is it. This meticulously maintained multi-family has been extensively updated since 2020 and is ready for its next owner, including: - New electrical panel (2022) - Plumbing and electrical updates (2020) - New oil tank (2024) - New chimney (2021) - Complete remodel, including a new kitchen in Apartment 2 (2021) - New appliances (2020) - New deck (2022) - New boiler to be installed before close (2026) Each unit offers 2 bedrooms and 2 baths with generous living space, a private deck, and off-street parking. A barn/outbuilding on the property provides extra storage, currently used by the Apartment 1 tenant. With a flawless occupancy history and a prime location close to schools, parks, and downtown Rutland, this property offers long-term stability for any investor. It's currently producing a 4% CAP rate — and with rents still priced below market, there's built-in upside from day one. Move in ready as-is, or unlock even more value: convert to cold-climate heat pumps and pass energy costs on to tenants, a strategy with the potential to boost the CAP rate to 5.5%. Don't miss this rare opportunity to add a stable, updated multi-family to your portfolio.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning RESD-1
Rooms
Basement Entrance Interior
Basement Unfinished
Interior
Cooling None
Exterior
Utilities Available Cable, Phone
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools Northwest Primary School
Middle Schools Rutland Middle School
High Schools Rutland Senior High School
School District Rutland City School District
