49 Terrill St

Rutland, VT 05701

$499,000
Price
12
Beds
6,390 Sq. Ft.
$78 / Sq. Ft.
6,390
Sq. Ft.
$78
per Sq. Ft.
Under Contract
Under Contract

Description

Don’t miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry...Don’t miss this prime investment opportunity! This well-maintained 5-unit multifamily property offers an impressive 9.8% cap rate and features a desirable unit mix of three 2-bedroom apartments and two spacious 3-bedroom apartments, ensuring strong rental demand. Situated in a convenient location within walking distance to downtown shops and restaurants, the property appeals to both long-term tenants and short-term renters alike. Tenants enjoy plenty of off-street parking, shared coin-operated laundry facilities, and indoor storage units—key amenities that enhance both functionality and value. Currently, utilities are included in the rent for all units except Unit 5, which pays for their own electricity. Units 5 and 6 are already configured to allow tenants to pay their own heat and electric, offering future potential to reduce operating costs and increase net income. Whether you're a seasoned investor or just entering the multifamily space, this is a rare chance to own a high-yielding property in a desirable area. Schedule your private showing today!
  1. Listed by Hughes Group Team • Casella Real Estate

Property Details for 49 Terrill Street

Zoning
unknown
LISTING UPDATED: 10/28/2025 12:13 PM

Property Details for 49 Terrill Street

StatusUnder Contract
MLS #5036788
Days on Market176
Taxes$6,125 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1910
Lot Size0.64 AC / 27,878 SF
CountyRutland County

Location

Listing Courtesy of Casella Real Estate
Add your commute

Building Information for 49 Terrill Street

Stories2Residences5Year Built1910Building Size-Lot Size0.64 AC / 27,878 SF

Payment Calculator

$2,942 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,432

Property Taxes

$510

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 49 Terrill Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Directions: From the intersection of US 7 and Terrill Street, 2 1/2 blocks down, on North side of Terrill Street.
  • Latitude: 43.609722463470867
  • Longitude: -72.968061000000020
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-15902
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot Features: City Lot, Level
  • Lot Size Acres: 0.64
  • Road Frontage Length: 100.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1910
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Telephone Available
  • Internet: High Speed Intrnt Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Cedar Exterior, Vinyl Exterior
  • Roof: Metal
  • Total Ranges: 5
Interior Features
  • Appliances: Electric Water Heater, Propane Water Heater
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Concrete, Partial, Unfinished
  • Total Full Baths: 5
  • Flooring: Carpet, Laminate, Tile
  • Heating: Propane, Baseboard, Hot Water
  • Cooling: None
  • Total Refrigerators: 5
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $75,600.00
  • Net Income: $49,254.76
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 0
  • Total 2 BR Units: 3
  • Total 3+ BR Units: 2
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Level Number: 1
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Rooms: 4
  • Unit 1 Rental Amount: $1,125.00
  • Unit 1 Info: Appliances Included, Electric, Heat Included
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 5
  • Unit 2 Level Number: 2
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 3
  • Unit 2 Rental Amount: $1,350.00
  • Unit 2 Info: Appliances Included, Electric, Heat Included
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Baths: 1
  • Unit 3 Rooms: 4
  • Unit 3 Level Number: 2
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,150.00
  • Unit 3 Info: Appliances Included, Electric, Heat Included
Unit 4
  • Unit 4 Level Number: 1 and 2
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Rooms: 4
  • Unit 4 Baths: 2
  • Unit 4 Bedrooms: 2
  • Unit 4 Status: Vacant
  • Unit 4 Rental Amount: $1,700.00
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Level Number: 1 & 2
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Leased
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 3
  • Unit 5 Rooms: 5
  • Unit 5 Lease Term: Month to Month
  • Unit 5 Rental Amount: $975.00
  • Unit 5 Info: Appliances Included, Heat Included
  • Unit 5 Tenant Pays: Electric

Property History for 49 Terrill Street

DateEvent & SourcePriceAppreciation
Oct 27, 2025

Active Under Contract

New England Real Estate Network #5036788

—
Apr 17, 2025

Listed (Active)

New England Real Estate Network #5036788

$499,000—
Apr 14, 2023

Sold

New England Real Estate Network #4942230

$355,000—
Mar 10, 2023

Sold (Public Record)

Public Record #1508187677

$355,000

+20.5% / yr

Feb 9, 2023

Active Under Contract

New England Real Estate Network #4942230

—
Feb 2, 2023

Listed (Active)

New England Real Estate Network #4942230

$375,000—
May 15, 2017

Sold (Public Record)

Public Record #596238170

$120,000—
May 15, 2017

Sold

New England Real Estate Network #4500563

$120,000—
Mar 19, 2017

Pending

New England Real Estate Network #4500563

—
Jun 27, 2016

Price Change

New England Real Estate Network #4500563

$189,000—
Jun 27, 2016

Listed (Active)

New England Real Estate Network #4500563

$139,000—
Dec 31, 2014

Expired

New England Real Estate Network #4381350

—
Oct 31, 2014

Sold (Public Record)

Public Record #478775154

$120,000—
Sep 2, 2014

Listed (Active)

New England Real Estate Network #4381350

—
Jun 11, 2014

Expired

New England Real Estate Network #4246556

—
Jun 13, 2013

Listed (Active)

New England Real Estate Network #4246556

$184,500—
DateEvent & SourcePrice
10/27/2025

Active Under Contract

New England Real Estate Network #5036788

—
04/17/2025

Listed (Active)

New England Real Estate Network #5036788

$499,000
04/14/2023

Sold

New England Real Estate Network #4942230

$355,000
03/10/2023

Sold (Public Record)

Public Record #1508187677

$355,000

+20.5% / yr

02/09/2023

Active Under Contract

New England Real Estate Network #4942230

—
02/02/2023

Listed (Active)

New England Real Estate Network #4942230

$375,000
05/15/2017

Sold (Public Record)

Public Record #596238170

$120,000
05/15/2017

Sold

New England Real Estate Network #4500563

$120,000
03/19/2017

Pending

New England Real Estate Network #4500563

—
06/27/2016

Price Change

New England Real Estate Network #4500563

$189,000
06/27/2016

Listed (Active)

New England Real Estate Network #4500563

$139,000
12/31/2014

Expired

New England Real Estate Network #4381350

—
10/31/2014

Sold (Public Record)

Public Record #478775154

$120,000
09/02/2014

Listed (Active)

New England Real Estate Network #4381350

—
06/11/2014

Expired

New England Real Estate Network #4246556

—
06/13/2013

Listed (Active)

New England Real Estate Network #4246556

$184,500

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

Public Records for 49 Terrill Street

Taxable ValueLand$63,800Additions$94,300Total$158,100
Home Facts
Beds0Lot Size27,878 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 15902

Schools near 49 Terrill 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
Rutland Northeast Primary School
Public - PK to 2
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Rutland Northeast Primary School
PublicPK to 2

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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Casella Real Estate

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 01/09/2026 11:13 AM