Multi-Family for Sale: 121 Park Avenue, Rutland City, VT 05701

6 beds
2,834 sqft
$455,000
$455,000
121 Park Avenue, Rutland City, VT 05701
6 beds
2,834 sqft
$455,000
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Price:
$455,000

Type Multi-Family
Style Multi-Family
Beds 6
Square Feet 2,834 sqft
Lot Size 0.25 acres
Year Built 1989
Taxes Paid $7,229

City Rutland City
County Rutland

MLS 5027607
Status Active
DOM 6 days
Well maintained 6plex located a desirable quaint residential Rutland neighborhood. This garden style building is rarely vacant building and has 6 1x1br, with an attractive layout and an an entrance to the exterior for each unit. The property a net operating income north of $47K, and is being listed at a ~10.5% cap rate based on the current rent roll and expenses. Units has been renovated and the property has 100% occupancy with a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve north of a 17% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex 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.

Lot & Building Features

Utilities Cable
Construction Wood Frame
Cooling None
Heating Oil
Sewer Public
Tax Year 25
Taxes Paid $7,229
Water Public
Foundation Poured Concrete
Lot Description Level
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 1
Unit 2 Baths 1
Unit 2 Bedrooms 1
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 5 Baths 1
Unit 5 Bedrooms 1
Unit 6 Baths 1
Unit 6 Bedrooms 1

Price History of 121 Park Avenue, Rutland City, VT

Date Name Price Difference
01/24/2025 Listing Price $455,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 121 Park Avenue, Rutland City, VT

Location Map Street View
Photo of Wayne Bailey
Direct: 603-765-3564
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by 3GEN Real Estate Inc, Michael Gilman
$
20%
1.5888263736264%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

121 Park Avenue (MLS #5027607) is a multi-family listing located in Rutland City, VT. This multi-family listing is 2,834 sqft and on a lot of 10,890 sqft (or 0.25 acres) and is 36 years old. This property was listed on 01/24/2025 and has been priced for sale at $455,000.

Nearby zip codes are 05701 4822, 05702, 05759, 05765 and 05777. This property neighbors other cities such as Clarendon, Mendon, Proctor, Rutland Town and West Rutland.

PrimeMLS

Listing Last updated . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available. Walk Score map and data provided by Walk Score. Google map provided by Google. Bing map provided by Microsoft Corporation.

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Listing information courtesy of: 3GEN Real Estate Inc

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers. personal, non- commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 01/30/2025