Multi-Family for Sale: 162 State Street, Rutland City, VT 05701

7 beds
3,139 sqft
$348,000
$348,000
162 State Street, Rutland City, VT 05701
7 beds
3,139 sqft
$348,000
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Price:
$348,000
Est. payment: Skip to Mortgage Calculator

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Type Multi-Family
Style Multi-Family, Victorian
Beds 7
Square Feet 3,139 sqft
Lot Size 0.17 acres
Year Built 1890
City Rutland City
County Rutland
MLS 4988073
Status Active
DOM 256 days
RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in 2 (soon to be 3) of the 4 units. Unit 2 was recently vacated and is receiving a facelift prior to new tenant placement. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly for storage. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is 12% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!

Lot & Building Features

Utilities Cable - Available, Telephone Available, Gas - LP/Bottle
Construction Wood Frame
Cooling Mini Split
Heating Electric, Wall Units, Mini Split, Gas Heater, Forced Air
Parking Description Driveway, Garage
Sewer Public
Water Public
Basement Description Concrete Floor, Unfinished, No Tenant Access, Full
Foundation Stone
Lot Description City Lot, Sidewalks, Level, Corner
Roof Shingle
Garage Yes

Unit Features

Unit 1 Baths 1
Unit 1 Bedrooms 3
Unit 1 Info Appliances Included, Smoke Detector, Range - Electric, Porch, CO Detector
Unit 1 Level Number 1
Unit 1 Rental Amount 1650.00
Unit 1 Rental Amt Freq Monthly
Unit 1 Status Leased
Unit 1 Tenant Pays Electric, TV Service, Trash, Internet Service, Hot Water, Heat
Unit 2 Baths 1
Unit 2 Bedrooms 2
Unit 2 Info Appliances Included, Smoke Detector, Range - Electric, Deck, CO Detector
Unit 2 Level Number 2
Unit 2 Rental Amount 1250.00
Unit 2 Rental Amt Freq Monthly
Unit 2 Status Vacant
Unit 2 Tenant Pays Electric, TV Service, Trash, Internet Service, Hot Water, Heat
Unit 3 Baths 1
Unit 3 Bedrooms 1
Unit 3 Info Appliances Included, Smoke Detector, Range - Electric, Deck, CO Detector
Unit 3 Level Number 2
Unit 3 Rental Amount 950.00
Unit 3 Rental Amt Freq Monthly
Unit 3 Status Leased
Unit 3 Tenant Pays Electric, TV Service, Trash, Internet Service, Hot Water, Heat
Unit 4 Baths 1
Unit 4 Bedrooms 1
Unit 4 Info Appliances Included, Smoke Detector, Range - Electric, Deck, CO Detector
Unit 4 Level Number 3
Unit 4 Rental Amount 850.00
Unit 4 Rental Amt Freq Monthly
Unit 4 Status Leased
Unit 4 Tenant Pays Electric, TV Service, Trash, Internet Service, Hot Water, Heat

Price History of 162 State Street, Rutland City, VT

Date Name Price Difference
03/13/2024 Listing Price $348,000 N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.

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Map of 162 State Street, Rutland City, VT

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Photo of The Patey Team
Direct: 603-548-6392
Office
PO Box 316
Raymond, NH 03077
603-548-6392
Listed by Real Broker LLC, Betsy Adamovich
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162 State Street (MLS #4988073) is a multi-family listing located in Rutland City, VT. This multi-family listing is 3,139 sqft and on a lot of 7,405 sqft (or 0.17 acres) and is 134 years old. This property was listed on 08/09/2024 and has been priced for sale at $348,000.

Nearby zip codes are 05737, 05759, 05763, 05765 and 05777. This property neighbors other cities such as Clarendon, Mendon, Proctor, Rutland Town and West Rutland.

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Listing information courtesy of: Real Broker LLC

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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. Data last updated 11/24/2024