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Listed by Gail Beardmore • Engel & Volkers Okemo • Cell: 802-236-5431
$ 589,000
Est. payment /mo
Price Dropped by $21K
1 Nickwackett ST Rutland City, VT 05701
11 Beds
6 Baths
4,959 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,959 sqft
Price per Sqft $118
MLS Listing ID 5076867
Bedrooms 11
Full Baths 6
Construction Status Existing
Year Built 1900
Annual Tax Amount $5,949
Tax Year 2026
Lot Size 6,098 Sqft
Acres 0.14
Property Description
Located in the heart of Historic Rutland City, this fully renovated and income-producing triplex offers a rare turnkey investment opportunity. Featuring 11 bedrooms and 6 full bathrooms, the property is configured for high-efficiency, dormitory-style living and comfortably accommodates up to 20 occupants. The building has been thoughtfully updated and styled for function, durability, and long-term performance. Recent improvements include reconfigured layout including electrical, plumbing/ heating systems; with newly renovated bathrooms, new laminate flooring/ carpet throughout, new stainless steel appliances, and brand-new 2 coin-operated laundry facilities. All furnishings convey with the sale, allowing for a seamless transition and continued revenue from day one. Currently operating with rental contracts with steady year-over-year income in place, this property provides immediate cash flow and stability for investors. The layout and capacity make it ideal for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in desirable Historic Rutland City, (TIF District) close to downtown amenities, transit, employers, and area attractions, this property combines strong rental demand with a fully operational setup. This is a true plug-and-play multifamily investment with established income, updated systems, and minimal startup costs.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Residential / Commercial
Rooms
Basement Entrance Walkout
Basement Partial
Interior
Cooling Wall AC Units
Flooring Carpet, Laminate, Tile
Exterior
Utilities Available Cable at Site, Propane
Roof Type Asphalt Shingle
Building
Story 2
Sewer Public
Architectural Style Apartment Building
Construction Status Existing
Schools
School District Rutland City School District
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