1 Nickwackett St

Rutland, VT 05701

$610,000
Price
11
Beds
6
Baths
4,959 Sq. Ft.
$123 / Sq. Ft.
4,959
Sq. Ft.
$123
per Sq. Ft.
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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...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.
  1. Listed by Erin Shimp • Engel & Volkers Okemo • Phone: 802-345-3913

Property Details for 1 Nickwackett Street

Zoning
Residential / Commercial
LISTING UPDATED: 03/11/2026 11:46 PM

Property Details for 1 Nickwackett Street

StatusActive
MLS #5076867
Days on Market32
Taxes$5,950 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.14 AC / 6,098 SF
CountyRutland County
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Location

Listing Courtesy of Engel & Volkers Okemo
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Building Information for 1 Nickwackett Street

Stories2Residences3Year Built1900Building Size-Lot Size0.14 AC / 6,098 SF

Payment Calculator

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$3,456 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,960

Property Taxes

$496

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Nickwackett Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Directions: From Route 4/7 in Rutland City turn onto Center St. the fire station will be on your left, the next building is the Historical Society. Turn Left onto Nickwackett St. immediately after the Historical Society building. The Property will be on your Left.
  • Latitude: 43.606722000001000
  • Longitude: -72.973560000000006
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-11205
  • Tax Year: 2026
  • Tax Year Notes: 25-26
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Dirt
Property
Lot Information
  • Lot Features: City Lot
  • Lot Size Acres: 0.14
  • Road Frontage Length: 67.0
Property and Assessments
  • Current Use: No
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Easements: Unknown
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: No
  • Year Built: 1900
Utilities
  • Electric: Underground
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable at Site, Propane
  • Internet: Fiber Optic Internt Avail, Cable Internet
Interior and Exterior Features
Exterior Features
  • Color: Grey
  • Construction Materials: Aluminum Siding
  • Roof: Asphalt Shingle
  • Total Ranges: 3
Interior Features
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Partial
  • Flooring: Carpet, Laminate, Tile
  • Heating: Baseboard
  • Cooling: Wall AC Units
  • Total Refrigerators: 3
  • Total Stories: 2
  • Total Water Heaters: 1
Multi Family
Income & Expenses Information
  • Operating Expense Incl: Maintenance, Other, Utilities
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 0
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 2
Unit Information
Unit 1
  • Unit 1 Baths: 2
  • Unit 1 Bedrooms: 3
  • Unit 1 Lease Term: Other
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $1,975.00
Unit 2
  • Unit 2 Lease Term: Other
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $2,000.00
Unit 3
  • Unit 3 Lease Term: Other
  • Unit 3 Baths: 3
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 6
  • Unit 3 Rental Amount: $5,225.00

Property History for 1 Nickwackett Street

DateEvent & SourcePriceAppreciation
Feb 16, 2026

Listed (Active)

New England Real Estate Network #5076867

$610,000—
Mar 20, 2025

Sold (Public Record)

Public Record #1553804595

$220,000—
DateEvent & SourcePrice
02/16/2026

Listed (Active)

New England Real Estate Network #5076867

$610,000
03/20/2025

Sold (Public Record)

Public Record #1553804595

$220,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Nickwackett Street

Taxable ValueLand$45,600Additions$100,200Total$145,800
Home Facts
Lot Size6,098 SqFtStyleMiscellaneous CommercialCountyRUTLANDAPN(170) 11205

Schools near 1 Nickwackett Street

This home is within Rutland City School District.
Rating
School
Type
Grades
Distance
Rutland Intermediate School
Public - 3 to 6
Rutland Middle School
Public - 7 to 8
Rutland Senior High School
Public - 9 to 12
Rutland Northeast Primary School
Public - PK to 2
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Rutland Northeast Primary School
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1 Nickwackett Street, Rutland, VT 05701

1 Nickwackett Street is a multi-family home for sale in Rutland, VT 05701. This property was listed for sale on February 16, 2026 by Engel & Volkers Okemo, it's currently listed at $610,000. It has been on the market for a total of 32 days and was last sold on March 20, 2025. This listing's school district is Rutland City School District. Nearby schools include Rutland Intermediate School, Rutland Middle School and Rutland Senior High School. 1 Nickwackett Street is a 11-bed, 6-bath, 4,959 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Engel & Volkers Okemo

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site 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 03/21/2026 10:35 AM