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**Turn Key Buy and Hold Investment in Rutland City!** Looking for a solid buy-and-hold in Rutland City? This is it. This meticulously maintained multi-family has been extensively updated since 2020 and is ready for its next owner, including: - New electrical panel (2022) - Plumbing and electrical updates (2020) - New oil tank (2024) - New chimney (2021) - Complete remodel, including a new kitchen in Apartment 2 (2021) - New appliances (2020) - New deck (2022) - New boiler to be installed before close (2026) Each unit offers 2 bedrooms and 2 baths with generous living space, a private deck, and off-street parking. A barn/outbuilding on the property provides extra storage, currently used by the Apartment 1 tenant. With a flawless occupancy history and a prime location close to schools, parks, and downtown Rutland, this property offers long-term stability for any investor. It's currently producing a 4% CAP rate - and with rents still priced below market, there's built-in upside from day one. Move in ready as-is, or unlock even more value: convert to cold-climate heat pumps and pass energy costs on to tenants, a strategy with the potential to boost the CAP rate to 5.5%. Don't miss this rare opportunity to add a stable, updated multi-family to your portfolio.

More Info

Tax Information

  • Tax Year2026

Building

  • Year Built1920
  • Building ConstructionWood Frame
  • StyleMulti-Family
  • Units2
  • Unit 1 Bath1
  • Unit 1 Bedrooms2
  • Unit 1 Floor Location1
  • Unit 1 Total Rooms5
  • Unit 2 Bath1
  • Unit 2 Bedrooms2
  • Unit 2 Floor Location2
  • Unit 2 Total Rooms5
  • # of 2 Bedrooms2
  • Bathroom2
  • Total Baths2
  • BasementUnfinished
  • FoundationBlock, Marble

Other

  • Taxes$5,571
  • Seasonal Y/NNo
  • Operating Expenses18753
  • Date Listed08/06/2026
  • Unit 1 Deposit$1,100
  • Unit 2 Rent Amount$1,300

Basic Information

  • Virtual TourView Tour
  • StatusACT
  • List Price$260,000
  • Date Price Change08/06/2026
  • MLS Number5103770
  • MLS StatusActive

Property

  • Acreage0.21
  • GarageNo
  • Parking Spaces
  • Lot Description
    • City Lot
    • In Town
    • Interior Lot
    • Level
    • Near Golf Course
    • Near Hospital
    • Near Paths
    • Near School(s)
    • Neighborhood
    • Sidewalks
  • Square Feet2,060
  • APX Fin AG Sqft2,060
  • Road Frontage60
  • RoadsPaved, Public
  • AreaVT-Rutland

Location

  • TownRutland City
  • StateVT
  • Zip05701
  • CountyRutland
  • ZoningRESD-1
  • Elementary SchoolNorthwest Primary School
  • Junior HighRutland Middle School
  • High SchoolRutland Senior High School
  • Address84 Crescent Street
  • Flood Zone Y/NNo

Exterior

  • RoofAsphalt Shingle

Utilities

  • Heat SystemBaseboard, Boiler
  • WaterPublic
  • Electric100 Amp Service
  • SewerPublic
  • UtilitiesCable, Phone

Amenities

  • PricePerSqFt126.21

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Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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 August 7, 2026 7:53 AM UTC

 

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