48 Forest St

Rutland, VT 05701

$322,000
Last Sold Price
8
Beds
4
Baths
4,032 Sq. Ft.
$80 / Sq. Ft.
4,032
Sq. Ft.
$80
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 12/31/25
Closed 12/31/25

Description

Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br. This cash cow features a net operating income ~$44,000 and is being listed at north of a 12% cap rate based on current numbers. Property has recent certificate of occupancy and is up to date. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex during a falling rate environment,...Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br. This cash cow features a net operating income ~$44,000 and is being listed at north of a 12% cap rate based on current numbers. Property has recent certificate of occupancy and is up to date. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex during a falling rate environment, and ahead of the historic multibillion dollar development occurring nearby at Killington, which already resulting in organic property appreciation and increased interest in the area from investors. 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. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, is already resulting in organic property appreciation and increased interest in the area from investors. 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 Cummings & Co

Property Details for 48 Forest Street

Zoning
Res 1
LISTING CLOSED: 12/31/2025 12:00 AM

Property Details for 48 Forest Street

StatusClosed
MLS #5027605
Days on Market32
Taxes$7,706 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.07 AC / 3,049 SF
CountyRutland County
Get preapproved with Rocket Mortgage1

Location

Add your commute

Building Information for 48 Forest Street

Stories2Residences4Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

Get preapproved with Rocket Mortgage1

$2,279 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,637

Property Taxes

$642

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 48 Forest Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.604253000001002
  • Longitude: -72.983835999999997
  • Road Frontage: Yes
  • Seasonal: Unknown
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 54017013903
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot Features: Corner
  • Lot Size Acres: 0.07
  • Road Frontage Length: 100.0
  • Total Finished Area: 4032.0
  • Above Grade Finished Area: 4032.0
  • Above Grade Finished Area Source: Appraiser
  • Above Grade Unfinished Area: 0.0
  • Below Grade Finished Area: 0.0
  • Below Grade Finished Area Source: Appraiser
  • Below Grade Unfinished Area: 768.0
  • BelowGradeUnfinishedAreaSource: Appraiser
  • Lot Size Square Feet: 3049.0
  • Total Area: 4800.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Internet: Cable Internet
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Exterior
  • Roof: Asphalt Shingle
Interior Features
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Unfinished
  • Heating: Oil
  • Cooling: None
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $62,520.00
  • Net Income: $44,008.00
  • Operating Expense Incl: Heat, Insurance, Snow Removal, Trash, Utilities, Water/Sewer
  • Operating Expense: $18,512
Multi-Family Information
  • Total Units: 4
  • Total 1 BR Units: 1
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $1,550.00
Unit 2
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,350.00
Unit 3
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,350.00
Unit 4
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Rental Amount: $925.00

Property History for 48 Forest Street

DateEvent & SourcePriceAppreciation
Dec 31, 2025

Sold

New England Real Estate Network #5027605

$322,000—
Dec 30, 2025

Sold (Public Record)

Public Record #1924508211

$322,000

+11.2% / yr

Oct 18, 2025

Pending

New England Real Estate Network #5027605

—
DateEvent & SourcePrice
12/31/2025

Sold

New England Real Estate Network #5027605

$322,000
12/30/2025

Sold (Public Record)

Public Record #1924508211

$322,000

+11.2% / yr

10/18/2025

Pending

New England Real Estate Network #5027605

—

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

Public Records for 48 Forest Street

Taxable ValueLand$56,400Additions$142,500Total$198,900
Home Facts
Beds0Lot Size3,049 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 13903

Schools near 48 Forest 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.

Similar Homes

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
50 Cherry Street, Rutland, VT 05701
$40,000
4
2,990
12,196
44 Forest Street, Rutland, VT 05701
$23,000
–
–
–
5,227
54 Cherry Street, Rutland, VT 05701
$190,000
–
–
–
10,454
49 Forest Street, Rutland, VT 05701
$80,000
–
–
–
6,534
40 Forest Street, Rutland, VT 05701
$77,000
4
1,140
9,147

Explore Nearby 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 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 08/01/2026 05:37 AM