37 Killington Ave
Rutland, VT 05701

$665,000

Price

Beds

Baths

5,836 Sq. Ft.

$114 / Sq. Ft.

5,836

Sq. Ft.

$114

per Sq. Ft.

New

37 Killington Avenue Rutland, VT 05701 - Photo 1 of 32

Description

Exceptional 13.37% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-maintained 8-unit multifamily property features a desirable and diversified unit mix of six (6) 2-bedroom, 1-bath units and two (2) studio apartments. The building has been thoughtfully cared for and is supported by many long-term tenants, contributing to stabilized occupancy and reliable performance. Generating $113,880 in gross annual income, the...Exceptional 13.37% Cap Rate at asking! Prime Multi-Family Investment Opportunity in Rutland City. Your next investment opportunity is here! This well-maintained 8-unit multifamily property features a desirable and diversified unit mix of six (6) 2-bedroom, 1-bath units and two (2) studio apartments. The building has been thoughtfully cared for and is supported by many long-term tenants, contributing to stabilized occupancy and reliable performance. Generating $113,880 in gross annual income, the property is located within walking distance to downtown Rutland, benefiting from strong rental demand driven by easy access to public transportation, restaurants, retail, and essential services. Investors will appreciate the immediate income in place, along with future upside potential through rent growth, cosmetic improvements, or operational efficiencies. A compelling opportunity for investors seeking a high-yield, income-producing asset in a dependable Vermont rental market, this property offers both stability today and growth potential for the future.

Listed by Betsy Adamovich • Real Broker LLC

Property Details for 37 Killington Avenue

Zoning

Residential

LISTING UPDATED: 02/03/2026 06:44 PM

Property Details for 37 Killington Avenue

Status	Active
MLS #	5075585
Days on Market	Listed Today
Taxes	$12,519 / year
HOA Fees	-
Condo/Co-op Fees	-
Compass Type	Multi Family
MLS Type	Multi Family
Year Built	1988
Lot Size	0.33 AC / 14,374 SF
County	Rutland County

Location

Listing Courtesy of Real Broker LLC

Add your commute

Building Information for 37 Killington Avenue

Stories2Residences8Year Built1988Building Size-Lot Size0.33 AC / 14,374 SF

Payment Calculator

$4,284 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,241

Property Taxes

$1,043

HOA Dues

The Payment Calculator is for illustrative purposes only.

Property Information for 37 Killington Avenue

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Latitude: 43.604990924501415
Longitude: -72.968478999999988
Road Frontage: TBD
Seasonal: No
State: VT
Street Designation: Avenue
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 540-170-12690
Tax Year: 2025

Taxes TBD: No

Parking

Garage: No
Driveway: Gravel

Property

Lot Information

Lot Features: City Lot
Lot Size Acres: 0.33

Property and Assessments

Property Class: Multi-Family
Construction Status: Existing

Flood Zone: No
PreConstruction: No
Surveyed: Unknown
Year Built: 1988

Utilities

Electric: Circuit Breaker(s)
Sewer: Public

Water Source: Public
Utilities: Telephone Available
Internet: High Speed Intrnt Avail

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Frame, Vinyl Siding
Roof: Asphalt Shingle

Total Ranges: 8

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Unfinished
Flooring: Carpet, Vinyl
Heating: Oil, Baseboard, Hot Water
Cooling: None
Total Refrigerators: 8
Total Stories: 2

Multi Family

Income & Expenses Information

Gross Income: $113,800.00
Net Income: $88,918.00

Operating Expense Incl: Heat, Insurance, Utilities, Water/Sewer
Operating Expense: $24,962

Multi-Family Information

Total Units: 8
Total 1 BR Units: 2

Total 2 BR Units: 6
Total 3+ BR Units: 0

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 2

Unit 1 Lease Term: Annual
Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Leased
Unit 1 Rooms: 4
Unit 1 Rental Amount: $1,195.00

Unit 2

Unit 2 Lease Term: Annual
Unit 2 Baths: 1

Unit 2 Rooms: 4
Unit 2 Status: Leased
Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 2
Unit 2 Rental Amount: $1,200.00

Unit 3

Unit 3 Lease Term: Annual
Unit 3 Baths: 1

Unit 3 Rooms: 4
Unit 3 Rental Amt Freq: Monthly
Unit 3 Status: Leased
Unit 3 Bedrooms: 2
Unit 3 Rental Amount: $1,400.00

Unit 4

Unit 4 Lease Term: Annual
Unit 4 Rental Amt Freq: Monthly

Unit 4 Rooms: 4
Unit 4 Baths: 1
Unit 4 Bedrooms: 2
Unit 4 Status: Leased
Unit 4 Rental Amount: $1,500.00

Unit 5

Unit 5 Rental Agreement: Yes
Unit 5 Rental Amt Freq: Monthly

Unit 5 Status: Leased
Unit 5 Baths: 1
Unit 5 Bedrooms: 2
Unit 5 Rooms: 4
Unit 5 Lease Term: Annual
Unit 5 Rental Amount: $1,100.00

Unit 6

Unit 6 Rental Agreement: Yes
Unit 6 Lease Term: Annual

Unit 6 Baths: 1
Unit 6 Bedrooms: 2
Unit 6 Rooms: 4
Unit 6 Rental Amt Freq: Monthly
Unit 6 Status: Leased
Unit 6 Rental Amount: $1,100.00

Unit 7

Unit 7 Bedrooms: 1
Unit 7 Rooms: 2

Unit 7 Baths: 1
Unit 7 Rental Agreement: Yes
Unit 7 Lease Term: Annual
Unit 7 Rental Amt Freq: Monthly
Unit 7 Status: Leased
Unit 7 Rental Amount: $1,000.00

Unit 8

Unit 8 Baths: 1
Unit 8 Rental Amount: $995.00

Unit 8 Rental Agreement: Yes
Unit 8 Lease Term: Annual
Unit 8 Rental Amt Freq: Monthly
Unit 8 Status: Leased
Unit 8 Bedrooms: 1
Unit 8 Rooms: 2

Property History for 37 Killington Avenue

Date	Event & Source	Price	Appreciation
Feb 3, 2026	Listed (Active) New England Real Estate Network #5075585	$665,000	—
May 6, 2024	Expired New England Real Estate Network #4987685		—
Mar 12, 2024	Listed (Active) New England Real Estate Network #4987685	$650,000	—
Dec 30, 2023	Expired New England Real Estate Network #4971738		—
Sep 26, 2023	Listed (Active) New England Real Estate Network #4971738	$650,000	—

Date	Event & Source	Price
02/03/2026	Listed (Active) New England Real Estate Network #5075585	$665,000
05/06/2024	Expired New England Real Estate Network #4987685	—
03/12/2024	Listed (Active) New England Real Estate Network #4987685	$650,000
12/30/2023	Expired New England Real Estate Network #4971738	—
09/26/2023	Listed (Active) New England Real Estate Network #4971738	$650,000

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

Public Records for 37 Killington Avenue

Taxable ValueLand$74,400Additions$232,400Total$306,800

Home Facts

Lot Size14,375 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 12690

Schools near 37 Killington Avenue

This home is within Rutland City School District.


Rating	School	Type	Grades	Distance
4/10	Rutland Intermediate School	Public - Serves this home	3 to 6	0.8 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.8 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.1 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	0.9 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.1 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	1.3 mi
NR	Christ The King School	Private - Nearby school	PK to 8	0.1 mi
NR	Rutland Academy	Private - Nearby school	8 to 12	0.6 mi
NR	Easter Seals Of Vermont	Private - Nearby school	10 to 11	0.6 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.8 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.8 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.1 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	0.9 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.1 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	1.3 mi
NR	Christ The King School PrivatePK to 8 Nearby school	0.1 mi
NR	Rutland Academy Private8 to 12 Nearby school	0.6 mi
NR	Easter Seals Of Vermont Private10 to 11 Nearby school	0.6 mi

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.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

More information about 37 Killington Avenue, Rutland, VT 05701

37 Killington Avenue is a multi-family home for sale in Rutland, VT 05701. This listing's school district is Rutland City School District. Nearby schools include Rutland Intermediate School, Rutland Middle School and Rutland Senior High School. 37 Killington Avenue is a 14-bed, 8-bath, 5,836 sqft multi-family home built in 1988.

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 Real Broker LLC

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 02/03/2026 04:09 PM

37 Killington AveRutland, VT 05701

Explore Nearby Homes

Homes in Nearby Rutland Neighborhoods

Homes in Nearby Rutland Cities

Homes in Nearby Rutland Zip Codes

More information about 37 Killington Avenue, Rutland, VT 05701

37 Killington Ave
Rutland, VT 05701