129 Curtis Avenue

Closed 1/27/25
Closed 1/27/25
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Sold
Last Sold Price
$510,000
11 beds6 baths4,600 sqft$111/sqft
129 Curtis Ave, Rutland, VT 05701
Multi FamilyProperty Type
0.36 acresLot Size
1969Year Built
$111/sq ftPrice per sq ft

Description

Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower-than-average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to...Immaculate 6plex located a desirable quaint residential Rutland neighborhood. This rarely vacant building has 5x2br and 1x1br, a net operating income north of $60K, and is being listed at a ~11.5% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower-than-average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve close to 20% cash on cash return by year 2. One unit has been left open for showings or immediate owner occupancy, but the building has traditionally been 100% occupied. 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, combined with rapidly falling rates, 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.

    Sold By Cummings & Co

    • Listed by: Michael Gilman • 3GEN Real Estate Inc
    Listing closed: 01/27/2025 12:00 AM • Source: New England Real Estate Network, MLS#: 5021984
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    $3,268 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $2,635

    Property Taxes

    $633

    HOA Dues

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    Property Information for 129 Curtis Avenue

    Property Details
    • Taxes: $7,592 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: MR-1
    Building Information
    • Stories: 2
    • Residences: 6
    • Year Built: 1969
    • Lot Size: 0.36 AC / 15,681 SF
    Summary
    Location and General Information
    • City: Rutland City
    • County: VT-Rutland
    • Latitude: 43.593816000000999
    • Longitude: -72.957266000000004
    • Road Frontage: Yes
    • Seasonal: Unknown
    • State: VT
    • Street Designation: Avenue
    • Zip Code: 05701
    Taxes and HOA Information
    • SPAN Number: 54017017866
    • Tax Year: 2023
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Paved
    Property
    Lot Information
    • Lot - Sqft: 15682.0
    • Lot Features: Sidewalks
    • Lot Size Acres: 0.36
    • Road Frontage Length: 100.0
    • Square Feet Apx Finished Above Grade: 4600.0
    • Square Feet Apx Finished AG Source: Appraiser
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Total: 4600.0
    • Square Feet Apx Total Finished: 4600.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished Below Grade: 0.0
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • Foundation: Concrete
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1969
    Utilities
    • Electric: 100 Amp
    • Sewer: Public
    • Water Source: Public
    • Utilities: Cable
    • Internet: Internet - Cable
    Interior and Exterior Features
    Exterior Features
    • Construction Materials: Masonry, Wood Frame, Vinyl Siding
    • Roof: Shingle - Asphalt
    Interior Features
    • Basement: No
    • Heating: Oil, Baseboard
    • Cooling: None
    • Total Stories: 2.5
    Multi Family
    Multi-Family Information
    • Total Units: 6
    • Total 1 BR Units: 1
    • Total 2 BR Units: 5
    • 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: 2
    Unit 3
    • Unit 3 Baths: 1
    • Unit 3 Bedrooms: 2
    Unit 4
    • Unit 4 Baths: 1
    • Unit 4 Bedrooms: 2
    Unit 5
    • Unit 5 Baths: 1
    • Unit 5 Bedrooms: 2
    Unit 6
    • Unit 6 Baths: 1
    • Unit 6 Bedrooms: 2

    Property History for 129 Curtis Avenue

    DateEvent & SourcePriceAppreciation
    Jan 27, 2025

    Sold (Public Record)

    Public Record #1549846428

    		$510,000—
    Jan 27, 2025

    Sold

    New England Real Estate Network #5021984

    		$510,000—
    Nov 26, 2024

    Pending

    New England Real Estate Network #5021984

    		—
    DateEvent & SourcePrice
    01/27/2025

    Sold (Public Record)

    Public Record #1549846428

    $510,000
    01/27/2025

    Sold

    New England Real Estate Network #5021984

    $510,000
    11/26/2024

    Pending

    New England Real Estate Network #5021984

    —

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

    Public Records for 129 Curtis Avenue

    Taxable ValueLand$74,600Additions$138,400Total$213,000
    Tax Record2025$4,105 ($342 / month)
    Home Facts
    Lot Size15,682 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 17866

    Schools near 129 Curtis 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
    Rutland Northwest 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 Northwest 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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    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 09/12/2026 08:54 PM