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Listed by Karen Heath • Four Seasons Sotheby's Int'l Realty
$425,000
Est. payment /mo
2 Beds
6 Baths
4,822 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,822 sqft
Price per Sqft $88
MLS Listing ID 5064648
Bedrooms 2
Full Baths 6
Construction Status Existing
Year Built 1905
Annual Tax Amount $8,190
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Money-Maker Investment Property in Rutland City! Pride of ownership shines through in this well-maintained property that's been in the same family for over 40 years. With excellent curb appeal and steady income, this side-by-side duplex-style building offers a fantastic opportunity for investors. The exterior features low-maintenance vinyl siding, a newer roof, brand-new porches and balcony railings, a detached garage, and full tenant occupancy—generating nearly $70,000 in annual gross income with a solid rental history. Conveniently located in a desirable Rutland City neighborhood near schools, Pine Hill Park, and local shops, this property combines classic charm with smart updates. The first floor offers professional office space with four private offices, a reception area, two baths, a kitchen area, and a private entrance. The second floor includes two attractive one-bedroom apartments: one fully remodeled in 2024 with a new kitchen, flooring, and fresh paint; the other retains beautiful wood floors, natural wood trim, and comfortable living spaces. The third floor features two unique studio apartments with appealing angular walls and new flooring—perfect for creative or efficient living. This turnkey investment offers immediate cash flow and provides an excellent opportunity for both seasoned investors and newcomers seeking a low-maintenance, income-producing asset. and long-term potential.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning SFR
Rooms
Basement Entrance Interior
Basement Concrete, Full, No Tenant Access, Interior Stairs, Unfinished, Exterior Access, Basement Stairs
Interior
Cooling None, Mini Split
Flooring Carpet, Hardwood, Vinyl, Wood
Exterior
Garage Spaces 1.0
Community Features No Smoking
Utilities Available Cable Available
Roof Type Shingle
Building
Story 2.5
Sewer Metered, Public
Architectural Style Multi-Family
Construction Status Existing
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