Buying In Rutland, VT
Sell Your Commercial Property In Rutland, VT
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Rutland and across Rutland County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Rutland Submarkets: Downtown Rutland · Rutland Town · West Rutland · Proctor — Rutland County, VT
Local Demand
Our View On Rutland
Rutland is a city of 15,712 people in Rutland County, per the Census ACS 2020-2024. Renters occupy 45.1% of its homes, well above Vermont's 26.8%. Median gross rent is $995 a month. Housing is old in Rutland: 84.3% of housing units were built before 1980.
Rutland Regional Medical Center employs 1,700 people, according to the Vermont Department of Health. Amtrak's Ethan Allen Express stops daily at the James M. Jeffords Station on its New York to Burlington route. Apartment owners pay a FY2027 non-homestead tax rate of $4.3221 per $100 of assessed value.
This profile gives owners who want to sell commercial property in Rutland, VT the rent, stock, tax and tenancy figures that buyers check first. Every number links to its Census, HUD, Vermont statute or City of Rutland source. Figures cover Rutland city alone, and Rutland Town, West Rutland and Proctor are treated as the separate towns they are.
Rutland Regional Medical Center
The Vermont Department of Health 2026 hospital report lists Rutland Regional Medical Center at 145 beds and 1,700 employees, serving Rutland County, parts of southern and central Vermont and eastern New York.Daily Amtrak to New York
Amtrak's Ethan Allen Express stops daily at Rutland's James M. Jeffords Station on its New York City to Burlington route via Albany, connecting Rutland with Saratoga Springs, Albany and the Hudson Valley.Rents below state median
Median gross rent in Rutland was $995 in ACS 2020-2024, against $1,234 statewide, while HUD's FY2027 two-bedroom fair market rent for Rutland County is $1,541.Our Buy Box
What We Buy In Rutland
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Rutland Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Rutland
Renters occupy 45.1% of occupied homes in Rutland, according to the Census ACS 2020-2024 tenure table. That equals 3,346 renter households out of 7,414. Those 3,346 households are 53.1% of all renter households in Rutland County, which totals 6,304 (ACS 2020-2024, Rutland County).
Median household income in Rutland was $57,675 in ACS 2020-2024 (table B19013). Vermont's statewide median was $81,203 in the same survey. The Vermont Department of Health 2026 hospital report calls Rutland Regional Medical Center the second largest hospital in Vermont. It lists 1,700 employees and 145 beds.
Rents and affordability in Rutland
Median gross rent in Rutland was $995 a month in ACS 2020-2024 (table B25064). Vermont's median gross rent was $1,234, and Rutland County's was $1,000. HUD's FY2027 fair market rent for a two-bedroom in the Rutland County, VT area is $1,541 (HUD Fair Market Rents). Those FY2027 rents took effect on October 1, 2026.
| Unit size | HUD FY2027 FMR, Rutland County, VT |
|---|---|
| Efficiency | $1,170 |
| One-bedroom | $1,178 |
| Two-bedroom | $1,541 |
| Three-bedroom | $1,836 |
| Four-bedroom | $2,149 |
The FY2027 two-bedroom FMR sits $546 above Rutland's ACS median gross rent. Rent burden is already high: 50.0% of Rutland renter households paid 30% or more of income on rent in ACS 2020-2024 (table B25070). Another measure is sharper, with 30.2% paying 50% or more.
Rental vacancy in Rutland was 4.3% in the ACS 2020-2024 housing profile (table DP04). Rutland County's rate was 3.6%, and Vermont's was 3.0%.
Rutland's apartment stock
Buildings with five or more units hold 17.6% of Rutland's 8,517 housing units, per ACS 2020-2024 (units in structure, B25024). That is 1,496 units. Two-to-four-unit buildings add 2,500 units, or 29.4%. Rutland County's five-plus share is 10.8%.
Age defines this stock. In ACS 2020-2024, 84.3% of Rutland's housing units were built before 1980 (year built, B25034). Half the stock, 50.3%, dates to 1939 or earlier.
Older buildings draw closer buyer scrutiny of heating, roofs, wiring and lead paint. For anyone selling commercial property in Rutland, organized capital-work receipts shorten due diligence. Note that Rutland Town, West Rutland and Proctor are separate municipalities; the figures here cover Rutland city only.
Property taxes in Rutland County: Rutland city rates
Investor-owned apartment buildings in Rutland pay $4.3221 per $100 of assessed value for fiscal year 2027, per the City Treasurer rate page. That non-homestead total combines the City Municipal Rate of $2.3194 and the state education non-homestead rate of $2.0027. Only declared principal dwellings qualify as homesteads under 32 V.S.A. § 5401.
Vermont's Department of Taxes lists Rutland City's FY2027 common level of appraisal at 57.70% (FY2027 education tax rates). The Joint Fiscal Office defines that as the ratio of assessed value to fair market value. Listers must appraise property at fair market value under 32 V.S.A. § 4041.
- An apartment building listed at $2,000,000 owes $86,442 a year at the FY2027 non-homestead rate.
- Of that bill, $46,388 is municipal tax and $40,054 is education tax.
- If the listed value equals 57.70% of a $2,000,000 price, or $1,154,000, the bill is $49,877.
The rate page also lists an SBD rate of $0.5120, so confirm whether a parcel carries it. Before you sell commercial property in Rutland, VT, pull the parcel's listed value from the Assessor. Vermont's property transfer tax is 1.25% of value for property that is not the buyer's principal residence, under 32 V.S.A. § 9602. On a $2,000,000 sale that is $25,000.
Owners who dispute the listers' final decision may appeal in writing to the board of civil authority. The deadline is 14 days after notice, under 32 V.S.A. § 4404.
Landlord rules in Rutland
A Vermont landlord must return a security deposit with an itemized statement within 14 days of move-out, under 9 V.S.A. § 4461. Missing that deadline forfeits the right to withhold any portion. Willful failure brings double the amount withheld plus attorney's fees.
A nonpayment termination notice must allow at least 14 days, under 9 V.S.A. § 4467. Breach of a material lease term requires 30 days' notice. Without a written lease, a monthly no-cause notice is 60 days for tenants of two years or less and 90 days after that.
Rutland adds its own step. The Building Department requires a Certificate of Occupancy inspection at every change of tenant, every transfer of ownership and every refinancing. Inspections run on a 1-2 week lead time, and violations carry civil penalties of $100 to $500 per offense.
Owners who plan to sell commercial real estate in Rutland, VT should book that inspection as soon as a contract is signed. Unit turnovers between now and closing each need their own inspection too.
What it means for a Rutland apartment owner
Rutland combines a 45.1% renter share, a $995 median rent and a 4.3% rental vacancy rate. Buyers will weigh that steady demand against pre-1940 buildings and a $4.3221 non-homestead tax rate.
Run your own numbers with our cap rate calculator using actual rents and the FY2027 tax bill. If you want to sell your apartment building in Rutland without a public listing, Skyline Capital Investments buys 5+ unit apartment buildings directly. See how our direct purchase process works.
To sell commercial property in Rutland, VT on a set timeline, gather rent rolls, the parcel's listed value and recent Certificate of Occupancy records first. Those three documents answer most of a buyer's early questions.
Good To Know
What Shapes A Rutland Offer
More about selling in Vermont →Investing in Rutland? See apartment syndications in Rutland →
- Rutland city, Rutland Town, West Rutland and Proctor are separate Vermont municipalities, so confirm which one levies tax on a parcel before applying these rates.
- Rutland City's FY2027 rate page also lists an SBD rate of $0.5120 per $100; confirm with the City Treasurer whether a given parcel is subject to it.
- Owners preparing to sell commercial real estate in Rutland, VT should schedule the city's Certificate of Occupancy inspection early, because every transfer of ownership requires one.
- Census figures here cover Rutland city only, not Rutland Town; Rutland County and Vermont figures are labeled separately wherever they appear.
Seller Guides
Selling In Rutland? Common Situations We Handle
Learn More
Taxes & Rules For Rutland Property
The Vermont rules that shape any deal in Rutland: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Rutland Seller FAQ
What should I know before I sell commercial property in Rutland, VT?
Start with three items. Rutland's Building Department requires a Certificate of Occupancy inspection for every transfer of ownership, scheduled with a 1-2 week lead time. Apartment buildings pay a FY2027 non-homestead rate of $4.3221 per $100 of assessed value. Vermont's property transfer tax is 1.25% of value for property that is not the buyer's principal residence. Pull your listed value and inspection history before you price the building.
What transfer tax applies when I sell commercial real estate in Rutland, VT?
Vermont imposes a property transfer tax under 32 V.S.A. 9602. For property that is not the buyer's principal residence, such as an apartment building, the rate is 1.25% of the value transferred. On a $2,000,000 sale, that equals $25,000. The statute also taxes transfers of a controlling interest in an entity that holds Vermont property, so LLC interest sales are covered too.
What property tax rate do Rutland apartment buildings pay?
For fiscal year 2027, starting July 1, 2026, Rutland City's non-homestead rate is $4.3221 per $100 of assessed value. That is the City Municipal Rate of $2.3194 plus the state education rate of $2.0027. Vermont's Department of Taxes set Rutland City's common level of appraisal at 57.70%, meaning listed values average below fair market value. A building listed at $2,000,000 would owe $86,442.
Can I end a month-to-month tenancy because I am selling my Rutland building?
Under 9 V.S.A. 4467, a landlord with no written rental agreement who has contracted to sell the building may end a tenancy with at least 30 days' actual notice. Tenancies under a written lease follow the lease and the statute's other notice rules. If you plan to sell multifamily property in Rutland with tenants in place, have current leases and a clean rent roll ready for review.
How fast must I return a tenant's security deposit in Vermont?
Vermont law, 9 V.S.A. 4461, gives a landlord 14 days from move-out to return the deposit with a written, itemized statement of deductions. A landlord who misses the deadline forfeits the right to withhold any of it. If the failure is willful, the landlord owes double the amount wrongfully withheld plus attorney's fees. On a sale, the statute requires deposits to transfer to the new landlord.
Do Rutland rents support a strong sale price?
Rutland's median gross rent was $995 in ACS 2020-2024, below Rutland County's $1,000 and Vermont's $1,234. HUD's FY2027 two-bedroom fair market rent for Rutland County is $1,541. Rental vacancy in Rutland was 4.3%. When selling commercial property in Rutland, a buyer will compare your in-place rents with these figures and price upside from any gap.
What if my Rutland building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Can I sell my Rutland apartment building off-market?
Yes. We work directly with owners and through listing agents. Off-market conversations are confidential, and we coordinate tours so tenants and staff are not disrupted.
Is it possible to sell rental property in Rutland without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
What do I need to sell my apartment building in Rutland?
An address and unit count are enough to start. A current rent roll and trailing twelve-month statement let us move to a written offer faster.
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Tell Us About Your Property In Rutland
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
