Property Details
Basic Information
- Property Style: Multi-Family
- MLS Number: 5108453
- Mls Status: Active
- List Price: $230,000
- Lot Description: City Lot, In Town, Near Shopping, Near Public Transport, Near Hospital, Near School(s)
- Date Listed: 09/05/2026
- Virtual Tour: Virtual Tour
- Units: 2
- Description: Turnkey Two-Unit Multifamily Investment Opportunity in Rutland City! Welcome to 12 Chaplin Ave, a beautifully renovated two-unit multifamily property offering an excellent opportunity for investors or owner-occupants alike. Thoughtfully renovated down to the studs between 2019 and 2020, this property underwent extensive improvements including exterior wall insulation, updated electrical and plumbing, new drywall, flooring, cabinets, appliances, fixtures, and extensive roof repairs to both the asphalt shingle and slate roofing. The property features two well-maintained units, including a comfortable studio apartment and a spacious three-bedroom apartment. Each unit has its own washer and dryer, providing added convenience for tenants. Both units are occupied by long-term tenants, with one tenant in place for approximately five years and the other for more than two years. This is a truly turnkey investment, with tenants responsible for their own heat and electricity, helping to keep owner operating expenses manageable. With strong rental income and an approximate 10% cap rate at the asking price, 12 Chaplin Ave presents an attractive opportunity for an investor looking for immediate income potential with significant renovations already completed. A solid combination of updated systems, long-term tenancy, separate utilities, and strong income makes this a multifamily property worth a closer look.
Building
- Acreage: 0.11
- Square Feet: 1,676
- Year Built: 1930
- Zoning: Mixed Residential
- Roof: Asphalt Shingle, Slate
- Building Construction: Wood Frame, Vinyl Siding
- Foundation: Brick, Concrete, Fieldstone
Location
- County: Rutland
- Town: Rutland City
Finance
- Taxes: $3,661
Interior Features
Bathrooms
- Bathrooms: 2
Basement
- Basement: Concrete Floor, Dirt Floor, Exterior Access, Partial, Walkout
Exterior Features
Exterior Features
- Exterior Color: Blue
Utilities and Appliances
Utilities and Appliances
- Utilities: Cable Available, Propane
Community
Schools
- Elementary School: Rutland Northeast Primary Sch
- High School: Rutland Senior High School
Amenities
- Other Amenities: Basement
- Exterior Amenities: Covered Porch
Other Details
Water
- Water: Public Water at Street