48 Forest St

Rutland VT 05701

4800 sq. ft.

3049 sq. ft.

Multi-Family

Last sold for $322,000

Michael Gilman, last sold this property on 31 December 2025 after 50 days on market.

Overview

Well maintained oversized 4plex located a desirable quaint residential Rutland neighborhood. This 100% occupied building has 1x3br 2x2br and 1x1br. This cash cow features a net operating income ~$44,000 and is being listed at north of a 12% cap rate based on current numbers. Property has recent certificate of occupancy and is up to date. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex during a falling rate environment, and ahead of the historic multibillion dollar development occurring nearby at Killington, which 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. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, 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.

Features

8 bedrooms

4 bathrooms

4800 sq. ft. floor area

3049 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 8 bedroom multi families sold in Rutland over the last 12 months.

Property history for 48 Forest St

2025

Sold

$322,000

31 Dec 2025 by Michael Gilman, of 3GEN Real Estate Inc

2023

Sold

$240,000

29 Mar 2023 by Mike Kalil, of Watson Realty & Associates

2018

Sold

$120,000

09 Jul 2018 by Nancy Greenwood, of Coldwell Banker Watson Realty/Rutland

Happy sellers in Rutland

We have insufficient information to provide an overview of customer satisfaction for Rutland. Viewing the agent profiles, reviews and sales for Rutland can provide insights for this location.