Multi-Family for Sale: 48 Forest Street, Rutland City, VT 05701

8 beds
4,032 sqft
$325,000
$325,000
48 Forest Street, Rutland City, VT 05701
8 beds
4,032 sqft
$325,000
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Price:
$325,000

Type Multi-Family
Style Multi-Family
Beds 8
Square Feet 4,032 sqft
Lot Size 0.07 acres
Year Built 1900
Taxes Paid $7,705

City Rutland City
County Rutland

MLS 5027605
Status Active
DOM 6 days
Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br, a net operating income north of $34,000 and is being listed at north of a 10.5% cap rate based on current numbers. High rental demand and property has a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return (75% financing assumed but some banks will go north of 90%) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. There is significant value-ad as rents can be brought to market to achieve closer to a 20% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, 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 Vinyl Exterior
Cooling None
Heating Oil
Sewer Public
Tax Year 2025
Taxes Paid $7,705
Water Public
Basement Description Unfinished
Foundation Slab - Concrete
Lot Description Corner
Roof Shingle - Asphalt
Garage No

Unit Features

Unit 1 Apx Sqft 1180
Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 2 Apx Sqft 920
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 3 Apx Sqft 1102
Unit 3 Baths 1
Unit 3 Bedrooms 2
Unit 4 Apx Sqft 830
Unit 4 Baths 1
Unit 4 Bedrooms 1

Price History of 48 Forest Street, Rutland City, VT

Date Name Price Difference
01/24/2025 Listing Price $325,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

Map of 48 Forest Street, Rutland City, VT

Location Map Street View
Photo of Altona Kercher
Direct: 603-275-0516
Office
200 Rockingham Road.
Londonderry, NH 03053
603-437-4447
Listed by 3GEN Real Estate Inc, Michael Gilman
$
20%
2.3710646153846%
6.75%
$
$
$
Monthly Payment
Principal & Interest
Monthly Taxes
Monthly HOA
Monthly Home Ins.
Monthly PMI

48 Forest Street (MLS #5027605) is a multi-family listing located in Rutland City, VT. This multi-family listing is 4,032 sqft and on a lot of 3,049 sqft (or 0.07 acres) and is 125 years old. This property was listed on 01/24/2025 and has been priced for sale at $325,000.

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