BEDS11
BATHS6 full
SQUARE FEET4,959
MLS#5076867
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLRutland City
Listing Courtesy of:
Engel Volkers Okemo
Agency Contact: Phone: 802-345-3913
Associate Name: Erin Shimp
Property Description
Located in the heart of Historic Rutland City, this fully renovated and income-producing triplex offers a rare turnkey investment opportunity. Featuring 11 bedrooms and 6 full bathrooms, the property is configured for high-efficiency, dormitory-style living and comfortably accommodates up to 20 occupants. The building has been thoughtfully updated and styled for function, durability, and long-term performance. Recent improvements include reconfigured layout including electrical, plumbing/ heating systems; with newly renovated bathrooms, new laminate flooring/ carpet throughout, new stainless steel appliances, and brand-new 2 coin-operated laundry facilities. All furnishings convey with the sale, allowing for a seamless transition and continued revenue from day one. Currently operating with rental contracts with steady year-over-year income in place, this property provides immediate cash flow and stability for investors. The layout and capacity make it ideal for workforce housing, corporate housing, group accommodations, or other shared-living arrangements. Positioned in desirable Historic Rutland City, (TIF District) close to downtown amenities, transit, employers, and area attractions, this property combines strong rental demand with a fully operational setup. This is a true plug-and-play multifamily investment with established income, updated systems, and minimal startup costs.
Property Features
Property Type: Multi Unit - Multiple
Basement: Partial
Basement: Yes
Cooling: Wall AC Units
Heating: Baseboard
Home Style: Apartment Building
Lot Size: 0.14 Acres
Roof Type: Asphalt Shingle
Stories: 2.0
Taxes: $5,949
Year Built: 1900
Units
Unit 1:
Bathroom(s): 2
Bedrooms: 3
Rent: $1975.00
Unit 2:
Bathroom(s): 1
Bedrooms: 2
Rent: $2000.00
Unit 3:
Bathroom(s): 3
Bedrooms: 6
Rent: $5225.00
Feature Descriptions
Color: Grey
Construction: Aluminum Siding
Construction Status: Existing
Days on Site: 62
Driveway: Dirt
Driveway: Dirt
Electric: Underground
Exterior: Aluminum Siding
Flood Zone: No
Flooring: Carpet, Laminate, Tile
Foundation: Concrete
Foundation: Concrete
Lot: City Lot
Parking: Off Street, On-Site
Roads: Public Maintained Road
Sewer: Public
Sq. Ft. Above Grade Finished: 4959
Sq. Ft. Below Grade Unfinished: 1742
Sq. Ft. Total Finished: 4959
Total Stories: 2
Units: 3
Water: Public
Zoning: Residential / Commercial
Local Schools
School District: Rutland City
Listed By / Shown By
Listed By
Agency Name: Engel Volkers Okemo
Agency Contact: Phone: 802-345-3913
Agent Name: Erin Shimp
Shown By
Agency Title: Better Homes and Gardens Real Estate The Masiello Group
Agency Phone: 800-741-1540
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Estimated Payment
$ 1,978.40 per month $1,310.86 Principal & Interest $495.75 Property Tax $171.79 Homeowner's Insurance
Listing data compilation and photo(s) 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 2026-04-19 23:33:07 
1 Nickwackett Street | MLS# 5076867
This multi-family property located at 1 Nickwackett Street, Rutland City, VT 05701 is currently listed for sale with an asking price of $589,000. Nickwackett Street is located within the Rutland City school district. Search Rutland City real estate on www.masiellogrouprealestate.com today.