# 1 Nickwackett Street, Rutland City, VT 05701

> **TL;DR:** 11bd/6ba multi-family, $589,000 ($119/sqft), built 1900, 4,959 sqft. Est. $2,552/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $589,000 |
| Price/sqft | $119 |
| Bedrooms | 11 |
| Bathrooms | 6 full |
| Square Feet | 4,959 |
| Year Built | 1900 |
| Property Type | Multi-Family (Apartment) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Price Reduced** - $21,000 off

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $2,552 |
| **Total** | **$2,552** |

## Property Highlights

- Built in 1900

## Description

### Agent 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.

## Location

- **Address:** 1 Nickwackett Street, Rutland City, VT 05701
- **County:** VT-Rutland
- **Coordinates:** 43.606753, -72.973389
- **Google Maps:** https://www.google.com/maps?q=43.606753,-72.973389

## Price History

- **Price Reduced:** $21,000
- **Original Price:** $610,000

## Listing Agent

- **Name:** Erin L Shimp
- **Brokerage:** Engel & Völkers Okemo
- **Email:** Okemo@engelvoelkers.com

## Primary Photo

![1 Nickwackett Street - Primary Photo](http://lh.rdcpix.com/ebeb3e9d900568f3117976e1011b1ec5l-f744945042r.jpg)

*27 total photos available on [listing page](https://www.propertysimple.com/listing/1-nickwackett-street-rutland-city-vt-05701-5076867)*

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**MLS#:** 5076867 | **Updated:** 2026-04-23
**Source:** listhub

*Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/1-nickwackett-street-rutland-city-vt-05701-5076867)

---

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