121 Park Ave

Rutland, VT 05701

$455,000
Last Sold Price
6
Beds
6
Baths
2,834 Sq. Ft.
$161 / Sq. Ft.
2,834
Sq. Ft.
$161
per Sq. Ft.
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Closed 4/14/25
Closed 4/14/25

Description

Well maintained 6plex located a desirable quaint residential Rutland neighborhood. This garden style building is rarely vacant building and has 6 1x1br, with an attractive layout and an an entrance to the exterior for each unit. The property a net operating income north of $47K, and is being listed at a ~10.5% cap rate based on the current rent roll and expenses. Units has been renovated and the property has 100% occupancy with a waitlist. A new owner can step into to this turnkey investment, projected...Well maintained 6plex located a desirable quaint residential Rutland neighborhood. This garden style building is rarely vacant building and has 6 1x1br, with an attractive layout and an an entrance to the exterior for each unit. The property a net operating income north of $47K, and is being listed at a ~10.5% cap rate based on the current rent roll and expenses. Units has been renovated and the property has 100% occupancy with a waitlist. A new owner can step into to this turnkey investment, projected to yield over a 14% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve north of a 17% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 6plex ahead of the historic multibillion dollar development occurring nearby at Killington, which 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.
  1. Listed by Michael Gilman • 3GEN Real Estate Inc

Sold By Four Corner Properties LLC

Property Details for 121 Park Avenue

Zoning
MR1
LISTING CLOSED: 04/14/2025 12:00 AM

Property Details for 121 Park Avenue

StatusClosed
MLS #5027607
Days on Market12
Taxes$7,229 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1989
Lot Size0.25 AC / 10,890 SF
CountyRutland County
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Location

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Building Information for 121 Park Avenue

Stories1Residences6Year Built1989Building Size-Lot Size0.25 AC / 10,890 SF

Payment Calculator

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$2,915 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,313

Property Taxes

$602

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 121 Park Avenue

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.613984000001004
  • Longitude: -72.986243999999999
  • Road Frontage: Yes
  • Seasonal: Unknown
  • State: VT
  • Street Designation: Avenue
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 54017010598
  • Tax Year: 25
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 10890.0
  • Lot Features: Level
  • Lot Size Acres: 0.25
  • Road Frontage Length: 50.0
  • Square Feet Apx Finished Above Grade: 2834.0
  • Square Feet Apx Finished AG Source: Appraiser
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 2834.0
  • Square Feet Apx Total Finished: 2834.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 0.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Poured Concrete
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1989
Utilities
  • Electric: 200 Amp
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Internet: Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roof: Shingle - Asphalt
Interior Features
  • Basement: No
  • Heating: Oil
  • Cooling: None
  • Total Stories: 1
Multi Family
Multi-Family Information
  • Total Units: 6
  • Total 1 BR Units: 6
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Bedrooms: 1
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Bedrooms: 1
Unit 4
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
Unit 5
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
Unit 6
  • Unit 6 Baths: 1
  • Unit 6 Bedrooms: 1

Property History for 121 Park Avenue

DateEvent & SourcePriceAppreciation
Apr 14, 2025

Sold (Public Record)

Public Record #1555719155

$455,000

+92.6% / yr

Apr 14, 2025

Sold

New England Real Estate Network #5027607

$455,000—
Feb 5, 2025

Pending

New England Real Estate Network #5027607

—
DateEvent & SourcePrice
04/14/2025

Sold (Public Record)

Public Record #1555719155

$455,000

+92.6% / yr

04/14/2025

Sold

New England Real Estate Network #5027607

$455,000
02/05/2025

Pending

New England Real Estate Network #5027607

—

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

Public Records for 121 Park Avenue

Taxable ValueLand$61,500Additions$126,900Total$188,400
Home Facts
Lot Size10,890 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 10598

Schools near 121 Park Avenue

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
Stafford Technical Center
Public - 9 to 12
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Stafford Technical Center
Public9 to 12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
119 Park Avenue, Rutland, VT 05701
$21,500
–
–
–
8,276
123 Park Avenue, Rutland, VT 05701
$150,000
5
3,278
10,890
117 Park Avenue, Rutland, VT 05701
$184,000
–
–
–
10,454
122 Park Avenue, Rutland, VT 05701
$215,200
4
4
2,952
12,632
113 Park Avenue, Rutland, VT 05701
–
–
–
–
10,890

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of 3GEN Real Estate Inc

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 07/31/2026 08:17 AM