77 River Street

Closed 11/4/24
Closed 11/4/24
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Sold
Last Sold Price
$291,000
6 beds4 baths2,332 sqft$125/sqft
77 River St, Rutland, VT 05701
Multi FamilyProperty Type
6,969 sq ftLot Size
1900Year Built
$125/sq ftPrice per sq ft

Description

High cash flow 4plex, updated and professionally managed, located in Rutland. Listed at close to a 10% cap and a Net Operating Income over $31K, with significant upside from undermarket rents. This combination of value-add and high cash flow is rare to find. Perfect for a high cash flow investment or live in one unit for free while covering mortgage + expenses and enjoying additional cash flow. One Unit has been left open for showings or immediate owner occupancy. The building has been professionally...High cash flow 4plex, updated and professionally managed, located in Rutland. Listed at close to a 10% cap and a Net Operating Income over $31K, with significant upside from undermarket rents. This combination of value-add and high cash flow is rare to find. Perfect for a high cash flow investment or live in one unit for free while covering mortgage + expenses and enjoying additional cash flow. One Unit has been left open for showings or immediate owner occupancy. The building has been professionally managed and renovated. The investment is projected to yield over a 13% year 1 cash on cash return based on current numbers, and cash returns can go to 23%+ per year if rents are brought to market. This allows the new owner to realize significant returns from cash flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire real estate ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with rapidly falling rates, 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.

    Sold By Four Corner Properties LLC

    • Listed by: Michael Gilman • 3GEN Real Estate Inc
    Listing closed: 11/04/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 5014031
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    $1,868 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $1,504

    Property Taxes

    $364

    HOA Dues

    $0

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    Property Information for 77 River Street

    Property Details
    • Taxes: $4,366 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: MR-1
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1900
    • Lot Size: 0.16 AC / 6,969 SF
    Summary
    Location and General Information
    • City: Rutland City
    • County: VT-Rutland
    • Latitude: 43.602160000001000
    • Longitude: -72.979624000000001
    • Road Frontage: TBD
    • Seasonal: Unknown
    • State: VT
    • Street Designation: Street
    • Zip Code: 05701
    Taxes and HOA Information
    • SPAN Number: 54017014083
    • Tax Year: 24
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Gravel
    Property
    Lot Information
    • Lot - Sqft: 6970.0
    • Lot Features: Other
    • Lot Size Acres: 0.16
    • Square Feet Apx Finished Above Grade: 2332.0
    • Square Feet Apx Finished AG Source: Appraiser
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Total: 3498.0
    • Square Feet Apx Total Finished: 2332.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished Below Grade: 1166.0
    • Square Feet Apx Unfinished BG Source: Appraiser
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • Foundation: Brick, Stone
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1900
    Utilities
    • Electric: Circuit Breaker(s)
    • Sewer: Public
    • Water Source: Public
    • Utilities: Cable
    • Internet: Internet - Cable
    Interior and Exterior Features
    Exterior Features
    • Construction Materials: Vinyl Exterior
    • Roads: Paved
    • Roof: Shingle - Asphalt
    Interior Features
    • Basement: Yes
    • Basement Access Type: Walkout
    • Basement Description: Full
    • Heat Fuel: Oil
    • Heating: Baseboard
    • Cooling: None
    • Total Stories: 2
    Multi Family
    Income & Expenses Information
    • Gross Income: $51,242.00
    • Net Income: $31,203.00
    • Operating Expense Incl: Heat, Insurance, Maintenance, Professional Management, Sewer, Snow Removal, Trash, Utilities, Water/Sewer
    • Operating Expense: $20,039
    Multi-Family Information
    • Total Units: 4
    • Total 1 BR Units: 2
    • Total 2 BR Units: 2
    • Total 3+ BR Units: 0
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 2
    Unit 2
    • Unit 2 Baths: 1
    • Unit 2 Bedrooms: 1
    Unit 3
    • Unit 3 Baths: 1
    • Unit 3 Bedrooms: 2
    Unit 4
    • Unit 4 Baths: 1
    • Unit 4 Bedrooms: 1

    Property History for 77 River Street

    DateEvent & SourcePriceAppreciation
    Nov 4, 2024

    Sold

    New England Real Estate Network #5014031

    		$291,000—
    Nov 1, 2024

    Sold (Public Record)

    Public Record #1544237265

    		$291,000

    +23.6% / yr

    Sep 16, 2024

    Pending

    New England Real Estate Network #5014031

    		—
    DateEvent & SourcePrice
    11/04/2024

    Sold

    New England Real Estate Network #5014031

    $291,000
    11/01/2024

    Sold (Public Record)

    Public Record #1544237265

    $291,000

    +23.6% / yr

    09/16/2024

    Pending

    New England Real Estate Network #5014031

    —

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

    Public Records for 77 River Street

    Taxable ValueLand$28,400Additions$94,100Total$122,500
    Tax Record2025$2,361 ($197 / month)
    Home Facts
    Beds0Lot Size6,970 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 14083

    Schools near 77 River 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.

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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 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 09/10/2026 11:23 PM