52 Chestnut Ave

Rutland, VT 05701

$424,500
Price
—
Beds
—
Baths
2,250 Sq. Ft.
$189 / Sq. Ft.
2,250
Sq. Ft.
$189
per Sq. Ft.

Description

CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles....CORRECTED FINANCIALS: $68,400 gross annual income, net operating income of $53,731, 12.64% cap rate at the asking price. Your next high-performing asset is here. This rare multi-unit property offers five income-producing units in a desirable location within walking distance to downtown Rutland, public transportation, restaurants, retail, and essential services. With strong rental demand and a limited vacancy history, the property is positioned to remain a reliable performer across market cycles. The building consists of one 2-bedroom unit, three 1-bedroom units, and one studio, appealing to a broad tenant base including professionals, students, and long-term local renters. Several thoughtful renovations and updates have already been completed, reducing near-term capital expenditure needs and supporting tenant retention. With solid in-place income and additional upside potential through future rent adjustments, cosmetic improvements, or operational efficiencies, this property offers both immediate cash flow and long-term growth opportunity. Whether you’re an experienced investor or expanding your portfolio, this multi-unit asset delivers income stability and scalability in a strong Vermont rental market.
  1. Listed by Betsy Adamovich • Real Broker LLC

Property Details for 52 Chestnut Avenue

Zoning
Residential
LISTING UPDATED: 12/18/2025 02:13 PM

Property Details for 52 Chestnut Avenue

StatusActive
MLS #5071953
Days on Market8
Taxes$4,375 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1899
Lot Size0.13 AC / 5,662 SF
CountyRutland County

Location

Listing Courtesy of Real Broker LLC
Add your commute

Building Information for 52 Chestnut Avenue

Stories2Residences5Year Built1899Building Size-Lot Size0.13 AC / 5,662 SF

Payment Calculator

$2,462 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,098

Property Taxes

$365

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 52 Chestnut Avenue

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.611865000000996
  • Longitude: -72.979439775463106
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Avenue
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-14520
  • Tax Year: 2025
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Paved
Property
Lot Information
  • Lot Features: City Lot
  • Lot Size Acres: 0.13
Property and Assessments
  • Assessment Amount: $107,200
  • Assessment Year: 2025
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1899
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, Vinyl Exterior
  • Roof: Asphalt Shingle
  • Total Ranges: 4
Interior Features
  • Basement: Yes
  • Basement Access Type: Walk-up
  • Basement Description: Unfinished
  • Flooring: Vinyl
  • Heating: Oil, Baseboard, Hot Water
  • Cooling: None
  • Total Refrigerators: 5
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $68,400.00
  • Net Income: $53,731.00
  • Operating Expense Incl: Heat, Insurance, Utilities, Water/Sewer
  • Operating Expense: $14,669
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 2
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 0
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Lease Term: Annual
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $1,200.00
Unit 2
  • Unit 2 Lease Term: Annual
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Rental Amount: $1,050.00
Unit 3
  • Unit 3 Lease Term: Annual
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Rental Amount: $950.00
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Leased
  • Unit 5 Lease Term: Annual
  • Unit 5 Rental Amount: $1,300.00

Property History for 52 Chestnut Avenue

DateEvent & SourcePriceAppreciation
Dec 12, 2025

Listed (Active)

New England Real Estate Network #5071953

$425,000—
May 2, 2025

Expired

New England Real Estate Network #5027565

—
Mar 13, 2025

Price Change

New England Real Estate Network #5027565

$299,900—
Jan 24, 2025

Listed (Active)

New England Real Estate Network #5027565

$325,000—
May 3, 2024

Expired

New England Real Estate Network #4971745

—
Sep 26, 2023

Listed (Active)

New England Real Estate Network #4971745

$365,000—
DateEvent & SourcePrice
12/12/2025

Listed (Active)

New England Real Estate Network #5071953

$425,000
05/02/2025

Expired

New England Real Estate Network #5027565

—
03/13/2025

Price Change

New England Real Estate Network #5027565

$299,900
01/24/2025

Listed (Active)

New England Real Estate Network #5027565

$325,000
05/03/2024

Expired

New England Real Estate Network #4971745

—
09/26/2023

Listed (Active)

New England Real Estate Network #4971745

$365,000

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

Public Records for 52 Chestnut Avenue

Taxable ValueLand$60,800Additions$46,400Total$107,200
Home Facts
Lot Size5,663 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 14520

Schools near 52 Chestnut Avenue

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 Northwest 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 Northwest 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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More information about 52 Chestnut Avenue, Rutland, VT 05701

52 Chestnut Avenue is a multi-family home for sale in Rutland, VT 05701. This property was listed for sale on December 12, 2025 by Real Broker LLC, it's currently listed at $424,500. This listing's school district is Rutland City School District. Nearby schools include Rutland Intermediate School, Rutland Middle School and Rutland Senior High School. 52 Chestnut Avenue is a 0-bed, 0-bath, 2,250 sqft multi-family home built in 1899.

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 Real Broker LLC

Copyright 2025 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 12/20/2025 02:54 PM