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49 Terrill St 5 Unit Apartment Building $499,000 ($99,800/Unit) 9.87% Cap Rate Rutland, VT 05701
INVESTMENT HIGHLIGHTS
- Well-maintained 5-unit multifamily property
- Situated in a convenient location within walking distance to downtown shops and restaurants.
EXECUTIVE SUMMARY
Don’t miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units—key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today
PROPERTY FACTS Under Contract
| Price | $499,000 | Building Class | C |
| Price Per Unit | $99,800 | Lot Size | 0.64 AC |
| Sale Type | Investment | Building Size | 6,390 SF |
| Cap Rate | 9.87% | Average Occupancy | 50% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1910 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $499,000 |
| Price Per Unit | $99,800 |
| Sale Type | Investment |
| Cap Rate | 9.87% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 6,390 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built | 1910 |
| Parking Ratio | 0.94/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | - | - |
| 3+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (80)
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VIDEOS
MATTERPORT 3D EXTERIOR
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Presented by
Casella Real Estate
49 Terrill St
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