16 East Washington Street

Closed 2/14/25
Closed 2/14/25
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Sold
Last Sold Price
$321,000
7 beds2,968 sqft$108/sqft
16 E Washington St, Rutland, VT 05701
Multi FamilyProperty Type
9,583 sq ftLot Size
1900Year Built
$108/sq ftPrice per sq ft

Description

Immaculate 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at north of a 10.5% cap rate based on current numbers. Units and exteriors have been renovated in the last year. A new owner can step into to this turnkey investment, projected to yield over a 13% cash on cash return (75% financing assumed but some banks will go north of 90%) starting year 1 based on current numbers...Immaculate 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at north of a 10.5% cap rate based on current numbers. Units and exteriors have been renovated in the last year. A new owner can step into to this turnkey investment, projected to yield over a 13% cash on cash return (75% financing assumed but some banks will go north of 90%) starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve closer to a 20% cash on cash return. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with Fed easing, 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 Real Broker LLC

    • Listed by: Michael Gilman • 3GEN Real Estate Inc
    Listing closed: 02/14/2025 12:00 AM • Source: New England Real Estate Network, MLS#: 5022485
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    $2,229 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,632

    Property Taxes

    $597

    HOA Dues

    $0

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    Property Information for 16 East Washington Street

    Property Details
    • Taxes: $7,164 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: MSP
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1900
    • Lot Size: 0.22 AC / 9,583 SF
    Summary
    Location and General Information
    • City: Rutland City
    • County: VT-Rutland
    • Latitude: 43.606152000001003
    • Longitude: -72.970082000000005
    • Road Frontage: Yes
    • Seasonal: Unknown
    • State: VT
    • Street Designation: Street
    • Zip Code: 05701
    Taxes and HOA Information
    • SPAN Number: 54017014082
    • Tax Year: 24
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Gravel
    Property
    Lot Information
    • Lot - Sqft: 9583.0
    • Lot Features: Other
    • Lot Size Acres: 0.22
    • Road Frontage Length: 75.0
    • Square Feet Apx Finished Above Grade: 2968.0
    • Square Feet Apx Finished AG Source: Appraiser
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Total: 4495.0
    • Square Feet Apx Total Finished: 2968.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished Below Grade: 1527.0
    • Square Feet Apx Unfinished BG Source: Appraiser
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • Foundation: Brick, Stone
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1900
    Utilities
    • Electric: Circuit Breaker(s)
    • 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: Yes
    • Basement Access Type: Walkout
    • Basement Description: Unfinished
    • Total Full Baths: 4
    • Heating: Oil, Baseboard
    • Cooling: None
    • Total Stories: 2
    Multi Family
    Multi-Family Information
    • Total Units: 4
    • Total 1 BR Units: 1
    • Total 2 BR Units: 3
    • Total 3+ BR Units: 0
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 2
    • Unit 1 Apx Sqft: 852.0
    • Unit 1 Rooms: 4
    Unit 2
    • Unit 2 Baths: 1
    • Unit 2 Rooms: 4
    • Unit 2 Apx Sqft: 676.0
    • Unit 2 Bedrooms: 2
    Unit 3
    • Unit 3 Baths: 1
    • Unit 3 Rooms: 3
    • Unit 3 Apx Sqft: 765.0
    • Unit 3 Bedrooms: 1
    Unit 4
    • Unit 4 Rooms: 4
    • Unit 4 Baths: 1
    • Unit 4 Apx Sqft: 676.0
    • Unit 4 Bedrooms: 2

    Property History for 16 East Washington Street

    DateEvent & SourcePriceAppreciation
    Feb 14, 2025

    Sold (Public Record)

    Public Record #1552941884

    		$321,000

    +23.0% / yr

    Feb 14, 2025

    Sold

    New England Real Estate Network #5022485

    		$321,000—
    Dec 19, 2024

    Pending

    New England Real Estate Network #5022485

    		—
    DateEvent & SourcePrice
    02/14/2025

    Sold (Public Record)

    Public Record #1552941884

    $321,000

    +23.0% / yr

    02/14/2025

    Sold

    New England Real Estate Network #5022485

    $321,000
    12/19/2024

    Pending

    New England Real Estate Network #5022485

    —

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

    Public Records for 16 East Washington Street

    Taxable ValueLand$67,500Additions$117,400Total$184,900
    Tax Record2025$3,564 ($297 / month)
    Home Facts
    Beds0Lot Size9,583 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 14082

    Schools near 16 East Washington 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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    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 09/10/2026 10:40 AM