$1,260,000
$70K PRICE INCREASE

260 Business Route 4 Rutland, VT 05701

Estimated payment $7,599/month

Total Views 12,769
-- Bed
-- Bath
12,500 Sq Ft
$101 Price per Sq Ft

About This Home

Great investment opportunity, Well maintained property in Rutland town ( Center Rutland) this property consists of two buildings, Front building with 10 units and the back building is 4 units , Total of 14 units all one bedroom apartments, Sits on a large parcel over 1.20 +- Acres , Plenty of parking with a loop driveway Convenient for tenants, Vinyl siding and vinyl replacement windows, The pro forma Numbers on this property with 100% occupancy is As follows
Gross revenues $197, 400 A year With expenses just around $60,000 per year, not including management , regular maintenance calls, Vacancy rateAnd debt service, Current CAP Rate Above 10.8% This property is offered with another 14 unit property in Castleton ($1,260,000) as 28 units package 11 units are occupied currently the other 3 are in transition . Two Heating boilers service the front building and one boiler Services the back building. His property is convenient to the city amenities .

Listing Agent

Mike Kalil

Watson Realty & Associates License #081.0095645 Listed on: 10/25/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,647

Year Built

  • Built in 1987

Lot Details

  • 1.22 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Basement
  • Interior Basement Entry

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

Overview

  • 14 Units

Building Details

  • Gross Income $197,400
  • Net Operating Income $138,339

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,647

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1987
  • Display On Internet: High Speed Intrnt Avail
  • Architectural Style: Multi-Family
  • ResoLotFeatures: Country Setting, Landscaped
  • Road Frontage Type: Paved, Public
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 12500.0
  • Unit Levels: Two
  • ResoPropertyCondition: Existing
  • Flood_Zone: No
  • Foreclosed_Or_Bank_Owned_Or_REO: No
  • Pre_Construction: No
  • Basement_Access_Type: Interior
  • Below_Grade_Unfinished_Area_Source: Estimated
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement YN: Yes

Exterior Features

  • Driveway: Gravel
  • Roof: Asphalt Shingle
  • Construction Type: Wood Frame, Vinyl Siding
  • Foundation Details: Concrete

Garage/Parking

  • Attached Garage: No

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Baseboard
  • Cooling: None
  • Utilities: Cable, Phone Available
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: Residential
  • Lot Size Acres: 1.22
  • Lot Size Sq Ft: 53143.0

Multi Family

  • Gross Income: 197400.0
  • Number Of Units Total: 14
  • Net Operating Income: 138339.0

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 11647.0

Map

Range of Values:

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Value Increase
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Average Value
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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2025 11/03/25 Price Changed $1,260,000 +5.9% $101 / Sq Ft
10/25/2025 10/25/25 For Sale $1,190,000 -- $95 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5067282

PrimeMLS
Vermont Rutland County Rutland 05701

260 Business Route 4, Rutland, VT

For Sale

MultiFamily

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Mike Kalil
Listing Agent
Mike Kalil
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Watson Realty & Associates
(802) 727-7657