Sold
Last Sold Price
6 beds3,900 sqft$101/sqft
44 Baxter St, Rutland, VT 05701
Multi FamilyProperty Type
2,613 sq ftLot Size
1915Year Built
$101/sq ftPrice per sq ft

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.

    Sold By Real Broker LLC

    • Listed by: Mike Kalil • Watson Realty & Associates
    Listing closed: 05/26/2026 12:00 AM • Source: New England Real Estate Network, MLS#: 5075867

    Location

    Add your commute

    Payment Calculator

    $2,433 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $2,041

    Property Taxes

    $392

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 44 Baxter Street

    Property Details
    • Taxes: $4,705 / year
    • MLS Type: Multi Family
    • Zoning: Residential
    Building Information
    • Stories: 2
    • Residences: 6
    • Year Built: 1915
    • Lot Size: 0.06 AC / 2,613 SF
    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

    DateEvent & SourcePriceAppreciation
    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

    —
    DateEvent & SourcePrice
    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

    —

    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
    Public - 3 to 6
    Public - 7 to 8
    Public - 9 to 12
    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.

    Similar Homes

    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 09/10/2026 11:33 AM