44 Baxter Street

Closed 5/26/26

Last Sold Price

$395,000

6 beds6 baths3,900 sqft$101/sqft

44 Baxter St, Rutland, VT 05701

Description

High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial...High-Yield 6-Unit Multifamily | Turnkey | 14%+ Cap Rate,Rutland, Vermont This fully remodeled 6-unit multifamily property in Rutland offers exceptional cash flow with no deferred maintenance and strong in-place income. The building has been extensively updated and is 100% occupied, making it a true turnkey investment. Property Overview 6 total units 5 one-bedroom apartments 1 efficiency unit Mostly updated interiors New vinyl siding & new windows Well-maintained building with no capital needs Financial Performance Gross Annual Income: $81,252 Annual Operating Expenses: $24,841 (Includes taxes, insurance, oil, electric, water/sewer, trash, and Wi-Fi. Does not include management.) Net Operating Income (NOI): $56,411 Cap Rate: 14%+ at asking price Why This Property Stands Out Strong, stable rental income Fully occupied with proven performance Major capital improvements already completed Low operating expenses Ideal for both new and seasoned investors seeking high yield This is a rare opportunity to acquire a cash-flowing, stabilized multifamily asset with an exceptional return profile.

LISTING CLOSED: 05/26/2026 12:00 AM

Listed by Mike Kalil • Watson Realty & Associates

Sold By Real Broker LLC

Property Details for 44 Baxter Street

Status

Closed

MLS #

5075867

Days on Market

Taxes

$4,705 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1915

Lot Size

0.06 AC / 2,613 SF

County

Rutland County

Zoning

Residential

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Location

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Building Information for 44 Baxter Street

Stories2Residences6Year Built1915Building Size-Lot Size0.06 AC / 2,613 SF

Payment Calculator

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$2,400 per month

30 year fixed, 6.55% Interest

Principal and Interest

$2,008

Property Taxes

$392

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 44 Baxter Street

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Latitude: 43.610373463639036
Longitude: -72.986825271163937
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Street
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 540-170-15454
Tax Year: 2026

Taxes TBD: No

Parking

Garage: No
Driveway: Gravel

Property

Lot Information

Lot Features: Corner
Lot Size Acres: 0.06

Road Frontage Length: 122.0
Total Finished Area: 3900.0
Above Grade Finished Area: 3000.0
Above Grade Finished Area Source: Estimated
Above Grade Unfinished Area: 0.0
Below Grade Finished Area: 900.0
Below Grade Finished Area Source: Estimated
Below Grade Unfinished Area: 100.0
BelowGradeUnfinishedAreaSource: Estimated
Lot Size Square Feet: 2614.0
Total Area: 4000.0

Property and Assessments

Property Class: Multi-Family
Flood Zone: Yes

PreConstruction: No
Surveyed: Unknown
Year Built: 1915

Utilities

Electric: Circuit Breaker(s)
Sewer: Public

Water Source: Public
Utilities: Phone
Internet: Cable Internet, High Speed Intrnt Avail

Interior and Exterior Features

Exterior Features

Construction Materials: Wood Frame
Roof: Asphalt Shingle

Interior Features

Basement: Yes
Basement Access Type: Walk-up

Basement Description: Partially Finished
Total Full Baths: 6
Heating: Oil, Baseboard
Cooling: None
Total Stories: 2.5

Multi Family

Income & Expenses Information

Gross Income: $81,252.00
Net Income: $56,411.00

Operating Expense Incl: Heat, Insurance, Maintenance, Other, Trash, Utilities, Water/Sewer
Operating Expense: $24,841

Multi-Family Information

Total Units: 6
Total 1 BR Units: 6

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 Status: Month to Month
Unit 1 Rental Amount: $1,050.00

Unit 2

Unit 2 Lease Term: Month to Month
Unit 2 Baths: 1

Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 1
Unit 2 Rental Amount: $1,171.00

Unit 3

Unit 3 Baths: 1
Unit 3 Rental Amt Freq: Monthly

Unit 3 Status: Month to Month
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $1,050.00

Unit 4

Unit 4 Rental Amt Freq: Monthly
Unit 4 Baths: 1

Unit 4 Bedrooms: 1
Unit 4 Status: Month to Month
Unit 4 Rental Amount: $1,250.00

Unit 5

Unit 5 Rental Amt Freq: Monthly
Unit 5 Status: Month to Month

Unit 5 Baths: 1
Unit 5 Bedrooms: 1
Unit 5 Rental Amount: $1,000.00

Unit 6

Unit 6 Baths: 1
Unit 6 Bedrooms: 1

Unit 6 Rental Amt Freq: Monthly
Unit 6 Status: Month to Month
Unit 6 Rental Amount: $1,250.00

Property History for 44 Baxter Street

Date	Event & Source	Price	Appreciation
May 26, 2026	Sold (Public Record) Public Record #1941143552	$395,000	—
May 26, 2026	Sold New England Real Estate Network #5075867	$395,000	—
May 26, 2026	Pending New England Real Estate Network #5075867		—
Mar 25, 2026	Active Under Contract New England Real Estate Network #5075867		—
Feb 5, 2026	Listed (Active) New England Real Estate Network #5075867	$400,000	—
Jul 15, 2021	Sold New England Real Estate Network #4855791	$150,000	—
Apr 17, 2021	Pending New England Real Estate Network #4855791		—
Apr 15, 2021	Listed (Active) New England Real Estate Network #4855791	$190,000	—

Date	Event & Source	Price
05/26/2026	Sold (Public Record) Public Record #1941143552	$395,000
05/26/2026	Sold New England Real Estate Network #5075867	$395,000
05/26/2026	Pending New England Real Estate Network #5075867	—
03/25/2026	Active Under Contract New England Real Estate Network #5075867	—
02/05/2026	Listed (Active) New England Real Estate Network #5075867	$400,000
07/15/2021	Sold New England Real Estate Network #4855791	$150,000
04/17/2021	Pending New England Real Estate Network #4855791	—
04/15/2021	Listed (Active) New England Real Estate Network #4855791	$190,000

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

Public Records for 44 Baxter Street

Taxable ValueLand$60,400Additions$62,700Total$123,100

Tax Record2025$2,373 ($198 / month)

Home Facts

Lot Size2,614 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 15454

Schools near 44 Baxter Street

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	0.4 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.3 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.7 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.7 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.3 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.3 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.2 mi
NR	Christ The King School	Private - Nearby school	PK to 8	0.9 mi
NR	Rutland Area Christian School	Private - Nearby school	PK to 12	0.7 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.4 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.3 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.7 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.7 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.3 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.3 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.2 mi
NR	Christ The King School PrivatePK to 8 Nearby school	0.9 mi
NR	Rutland Area Christian School PrivatePK to 12 Nearby school	0.7 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.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 44 Baxter Street, Rutland, VT 05701	$395,000	6	6	3,900	2,613
44-46 Baxter Street, Rutland, VT 05701	$195,000	6	6	3,000	12,632
50 Baxter Street, Rutland, VT 05701	$12,000	–	–	–	3,485
45 Baxter Street, Rutland, VT 05701	–	–	–	–	6,970
43 Baxter Street, Rutland, VT 05701	$271,000	–	–	–	6,970
134 Robbins Street, Rutland, VT 05701	$110,000	–	–	–	6,534
129 Robbins Street, Rutland, VT 05701	$10,000	–	–	–	8,712
47 Baxter Street, Rutland, VT 05701	$26,500	5	2	2,400	6,969
132 Robbins Street, Rutland, VT 05701	–	–	–	–	8,712
40 Baxter Street, Rutland, VT 05701	$44,900	3	1	2,400	–
41 Baxter Street, Unit A, Rutland, VT 05701	$57,000	–	–	–	6,970
41 Baxter Street, Rutland, VT 05701	$5,000	–	–	–	6,970
146 Maple Street, Rutland, VT 05701	$20,000	–	–	–	7,405
127 Robbins Street, Rutland, VT 05701	$97,000	–	–	–	8,712
39 Baxter Street, Rutland, VT 05701	$25,000	–	2	1,602	6,969
142 Maple Street, Rutland, VT 05701	$73,000	–	2	2,248	–

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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 Watson Realty & Associates

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 08/20/2026 05:16 PM

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