38 Cottage Street

Closed 12/5/25
Closed 12/5/25
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Sold
Last Sold Price
$464,000
7 beds7 baths3,590 sqft$129/sqft
38 Cottage St, Rutland, VT 05701
Multi FamilyProperty Type
6,534 sq ftLot Size
1884Year Built
$129/sq ftPrice per sq ft

Description

Well maintained 100% occupied 7 unit located in central Rutland neighborhood, priced below comparables and recent sales! This 7 unit property was recently renovated and is being listed at a ~12% cap and an annual Net Operating Income of ~$58K (~13% cap without management fees). A new owner can step into to this turnkey investment and enjoy extraordinary cash on cash returns based on current numbers and financing rates, and therefor realize significant returns from cash-flow vs speculation. This is...Well maintained 100% occupied 7 unit located in central Rutland neighborhood, priced below comparables and recent sales! This 7 unit property was recently renovated and is being listed at a ~12% cap and an annual Net Operating Income of ~$58K (~13% cap without management fees). A new owner can step into to this turnkey investment and enjoy extraordinary cash on cash returns based on current numbers and financing rates, and therefor realize significant returns from cash-flow vs speculation. This is an ideal building to let you capitalize on falling rates and the return of 100% bonus depreciation In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a turnkey 7plex 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. Please call or email broker directly for up to date Offering Memo for this property, and a video tour is also available. 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 Casella Real Estate

    • Listed by: Michael Gilman • 3GEN Real Estate Inc
    Listing closed: 12/05/2025 12:00 AM • Source: New England Real Estate Network, MLS#: 5037586
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    $2,881 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $2,358

    Property Taxes

    $522

    HOA Dues

    $0

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    Property Information for 38 Cottage Street

    Property Details
    • Taxes: $6,269 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: MR-1
    Building Information
    • Stories: 2
    • Residences: 7
    • Year Built: 1884
    • Lot Size: 0.15 AC / 6,534 SF
    Summary
    Location and General Information
    • City: Rutland City
    • County: VT-Rutland
    • Latitude: 43.610653000001001
    • Longitude: -72.979505000000003
    • Road Frontage: Yes
    • Seasonal: Unknown
    • State: VT
    • Street Designation: Street
    • Zip Code: 05701
    Taxes and HOA Information
    • SPAN Number: 54017012688
    • Tax Year: 2025
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Paved
    Property
    Lot Information
    • Lot Features: Other
    • Lot Size Acres: 0.15
    • Road Frontage Length: 50.0
    • Total Finished Area: 3590.0
    • Above Grade Finished Area: 3590.0
    • Above Grade Finished Area Source: Appraiser
    • Above Grade Unfinished Area: 0.0
    • Below Grade Finished Area: 0.0
    • Below Grade Unfinished Area: 998.0
    • BelowGradeUnfinishedAreaSource: Public Records
    • Lot Size Square Feet: 6534.0
    • Total Area: 4588.0
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1884
    Utilities
    • Electric: 100 Amp Service
    • Sewer: Public
    • Water Source: Public
    • Utilities: Cable
    • Internet: Cable Internet
    Interior and Exterior Features
    Exterior Features
    • Construction Materials: Wood Frame
    • Roof: Asphalt Shingle
    Interior Features
    • Basement: Yes
    • Basement Access Type: Interior
    • Basement Description: Unfinished
    • Heating: Oil
    • Cooling: None
    • Total Stories: 2
    Multi Family
    Multi-Family Information
    • Total Units: 7
    • Total 1 BR Units: 7
    • Total 2 BR Units: 0
    • Total 3+ BR Units: 0
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 1
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Rental Amount: $1,100.00
    Unit 2
    • Unit 2 Baths: 1
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Bedrooms: 1
    • Unit 2 Rental Amount: $1,100.00
    Unit 3
    • Unit 3 Baths: 1
    • Unit 3 Rental Amt Freq: Monthly
    • Unit 3 Bedrooms: 1
    • Unit 3 Rental Amount: $1,100.00
    Unit 4
    • Unit 4 Rental Amt Freq: Monthly
    • Unit 4 Baths: 1
    • Unit 4 Bedrooms: 1
    • Unit 4 Rental Amount: $1,100.00
    Unit 5
    • Unit 5 Rental Amt Freq: Monthly
    • Unit 5 Baths: 1
    • Unit 5 Bedrooms: 1
    • Unit 5 Rental Amount: $1,150.00
    Unit 6
    • Unit 6 Baths: 1
    • Unit 6 Bedrooms: 1
    • Unit 6 Rental Amt Freq: Monthly
    • Unit 6 Rental Amount: $1,000.00
    Unit 7
    • Unit 7 Bedrooms: 1
    • Unit 7 Baths: 1
    • Unit 7 Rental Amt Freq: Monthly
    • Unit 7 Rental Amount: $1,175.00

    Property History for 38 Cottage Street

    DateEvent & SourcePriceAppreciation
    Dec 5, 2025

    Sold (Public Record)

    Public Record #1922588182

    		$464,000—
    Dec 5, 2025

    Sold

    New England Real Estate Network #5037586

    		$464,000—
    Nov 5, 2025

    Expired

    New England Real Estate Network #5037586

    		—
    DateEvent & SourcePrice
    12/05/2025

    Sold (Public Record)

    Public Record #1922588182

    $464,000
    12/05/2025

    Sold

    New England Real Estate Network #5037586

    $464,000
    11/05/2025

    Expired

    New England Real Estate Network #5037586

    —

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

    Public Records for 38 Cottage Street

    Taxable ValueLand$60,900Additions$100,900Total$161,800
    Tax Record2025$3,118 ($260 / month)
    Home Facts
    Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 12688

    Schools near 38 Cottage 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
    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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    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 08/21/2026 06:26 AM