#5017747, Betsy Adamovich, Listing office: Real Broker LLC
#5037586·
Listing office: 3GEN Real Estate Inc·
Listing agent: Michael Gilman·
Listing office phone: 802-227-7327
$525,000 List price
38 Cottage St Rutland City, VT 05701
3,590 sqft
0.1 acres
$146 / sqft
Land
Property details
About 38 Cottage St
Well maintained 100% occupied 7 unit located in central Rutland neighborhood. This 7 unit property was recently renovated and is being listed at a 11% cap and an annual Net Operating Income of ~$58K (12% cap without management fees). A new owner can step into to this turnkey investment, projected to yield over a 18% cash on cash return starting year 1 based on current numbers, and therefor realize significant returns from cash-flow vs speculation. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 7plex ahead of the historic multibillion dollar development occurring nearby at Killington, which 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.
Highlights
Home typeOther
HeatingOil
StatusActive
Size3,590 sqft
BasementYes
Lot size0.15 Acres
Year built1884
MLS #5037586
Summary
- Basement: Yes
- Heating: Oil
- Cooling: None
- List Price: $525,000
- Price/SqFt: $146
- Year Built: 1884
- Stories: 2
- Living Area: 3,590 SqFt
- Lot Size: 0.15 Acres
- MLS Number: 5037586
- Office Name: 3GEN Real Estate Inc
- Office Phone: (802) 227-7327
- Office Email: mike@crossmountaincapital.com
- Listing Agent: Michael Gilman
© 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.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/15/2025, 3:45:27 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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38 Cottage St
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Price information
Property sales
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Tax history
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Nearby schools
2
Rutland Intermediate School
Public District 3-6
0.2 mi
•63-65 Library Avenue
3
Clarendon Elementary School
Public District PK-6
3.3 mi
•84 Grange Hall Rd
7
Lothrop Elementary School
Public District PK-6
6.8 mi
•3447 US Route 7
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $24,487. The most common annual income of people living in Rutland City, VT is less than $<35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
71%
<35k
27%
35k-100k
1%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
75%
Single, No Kids
12%
Single, with Kids
8%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
10%
<11 yrs old
3%
12-17 yrs old
24%
18-34 yrs old
42%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
UFC- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Chico's
Where do the neighbors go to eat?
Church's Chicken
Burger King
Popeyes
What do the neighbors drive?
Cadillac
Buick
Dodge
What do the neighbors listen to?
Jazz
Urban Contemporary
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 38 Cottage St
The listing price of 38 Cottage St property is $525,000.
The property 38 Cottage St is land located in Rutland City, Vermont, 05701.
Active Listing: 38 Cottage St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 38 Cottage St are: Rutland Intermediate School (GreatSchools Rating 2/10), Clarendon Elementary School (GreatSchools Rating 3/10), Lothrop Elementary School (GreatSchools Rating 7/10), Rutland Middle School (GreatSchools Rating 2/10), Fair Haven Grade School (GreatSchools Rating 3/10), Orwell Village School (GreatSchools Rating 7/10), Rutland High School (GreatSchools Rating 5/10), West Rutland School (GreatSchools Rating 4/10), Proctor Jr. /Sr. High School (GreatSchools Rating 2/10).
The property 38 Cottage St is 0.15 acres.
The property 38 Cottage St is 3,590 SqFt (source: MLS/tax record).
The year of construction for 38 Cottage St is 1884.
This home is located at 38 Cottage St in Rutland City, VT and zip code 05701. This 3,590 square foot home, which was built in 1884, sits on a 0.15 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since April 23, 2025 and is currently priced at $525,000.
In May 2025 in Rutland City, VT there were 100% more homes for sale than in April. While the average time on the market in May 2025 was 42 days, the median list price was $307,500.
From Rocket Homes Real Estate and based on county public records data.