38 Cottage St

Rutland, VT 05701

$464,000
Last Sold Price
7
Beds
7
Baths
3,590 Sq. Ft.
$129 / Sq. Ft.
3,590
Sq. Ft.
$129
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/5/25
Closed 12/5/25

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.
  1. Listed by Michael Gilman • 3GEN Real Estate Inc

Sold By Casella Real Estate

Property Details for 38 Cottage Street

Zoning
MR-1
LISTING CLOSED: 12/05/2025 12:00 AM

Property Details for 38 Cottage Street

StatusClosed
MLS #5037586
Days on Market126
Taxes$6,269 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1884
Lot Size0.15 AC / 6,534 SF
CountyRutland County
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Location

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Building Information for 38 Cottage Street

Stories2Residences7Year Built1884Building Size-Lot Size0.15 AC / 6,534 SF

Payment Calculator

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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

The Payment Calculator is for illustrative purposes only.

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Property Information for 38 Cottage Street

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
  • Construction Status: Existing
  • 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
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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AddressSold priceBedsBathsSqftLot (Sqft)
66 Williams Street, Rutland, VT 05701
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–
–
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4,356
9 Cottage Street, Rutland, VT 05701
–
–
–
–
18,295
36 Cottage Street, Rutland, VT 05701
–
–
–
–
4,792
62 Williams Street, Rutland, VT 05701
–
–
–
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7,841
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–
–
–
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5,227

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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 04:25 AM