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Under ContractMulti Family Home $400,000 | $103 per sq.ft.
6 Unit Multi Family Home,
44 Baxter Street Rutland City VT
With 6 - One Bedroom Units
| MLS# 5075867 -
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Listed by Mike Kalil Watson Realty & Associates on February 5th 2026
DESCRIPTION
High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.
Gross Income : $81252
Net Income: $ -
UNIT 1 INFORMATION
Beds: 1Baths: 1Rooms: 0Rent : 1050.00 MonthlyStatus : Month to Month
UNIT 2 INFORMATION
Beds: 1Baths: 1Rooms: 0Rent : 1171.00 MonthlyLease Term : Month to Month
UNIT 3 INFORMATION
Beds: 1Baths: 1Rent : 1050.00 MonthlyStatus : Month to M
UNIT 4 INFORMATION
Beds: 1Baths: 1Rent : 1250.00 MonthlyStatus : Month to Month
UNIT 5 INFORMATION
Beds: 1Baths: 1Rooms: 0Rent : 1000.00 Monthly
UNIT 6 INFORMATION
Beds: 1Baths: 1Rent : 1250.00 MonthlyStatus : Month to Month -
CONSTRUCTION
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Wood Frame Year Built: 1915
No. of Floors: 2.5
Total Sq.Ft. Finished: 3900
Above Grade Sq.Ft.: 3000
Below Grade Sq.Ft.: 900
Price Per SQ.FT.: $102.56
Basement: Partially Finished
Heating: Oil | Baseboard
Cooling: None
Electric: Circuit Breaker(s)
Utilities: Phone
Electric Meters:
Style: Multi-Family
Roof: Asphalt Shingle
Water: Public
Sewer: Public
Seasonal: No
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LAND INFORMATION
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Corner
Lot size: 0.06 acres
Zoned: Residential)
Surveyed: Unk
Flood Zone: Yes
Road Frontage: 122
Driveway: Gravel
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ADDITIONAL INFORMATION
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Taxes $4,705 | Assesed Value $0 in
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AREA INFORMATION
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Data last updated May 2nd, 2026
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