126 State
Rutland City, VT 05701
- – beds
- – baths
- 2,000 sqft
- 4,356 sqft lot
- $952 per sqft
- 1841 build
- – on site
Great opportunity for investors, A package of 28 rental units , Consists of 12 multifamily buildings, all in Rutland City in close proximity to each other, All units have certificate of occupancies, Great rental history, This property produces over $503k in gross rent, The net cap rate is over 17.72% , The net income is over $337k per year, Not including management fee or vacancy rates, The current owner have owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency.
Last checked:
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Last updated Apr 16, 2025
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MLS# 5028961 —
The Building
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Year Built:1841
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Pre-Construction:No
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Construction Status:Existing
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Construction Materials:Wood Frame, Wood Exterior
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Architectural Style:Duplex
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Roof:Slate
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Foundation:Brick, Stone
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Total Stories:2
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Total Units:28
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Approx SqFt Total:2000
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Approx SqFt Total Finished:2,000 Sqft
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Approx SqFt Finished Above Grade:2,000 Sqft
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Approx SqFt Finished Below Grade:0 Sqft
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Approx SqFt Finished Above Grade Source:Public Records
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Road Frontage Type:Public
Interior
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Basement:Yes
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Basement Description:Full
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Basement Access Type:Interior
Location
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Latitude:43.608792389703915
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Longitude:-72.984598999999989
The Property
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Property Class:Multi-Family
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Seasonal:No
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Lot Features:City Lot
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Lot SqFt:4,356 Sqft
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Lot Acres:0 Sqft
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Zoning:residential
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Driveway:Gravel
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Road Frontage:Yes
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Road Frontage Length:44 Sqft
Listing Agent
- Contact info:
- Office phone:
- (802) 773-3500
Taxes
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Tax Year:2016
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Taxes TBD:No
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Tax - Gross Amount:$2,265
Beds
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Total 2 Bedroom Units:9
The Listing
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Price Per SqFt:952
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Foreclosed/Bank-Owned/REO:No
Heating & Cooling
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Heating:Oil
Utilities
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Utilities:Cable
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Sewer:Public
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Electric:Circuit Breaker(s)
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Water Source:Public
The Community
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Covenants:No
Extra Units
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Total 3+ BR Units:16
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/16/25
Apr 16, 2025
|
Listed / Active | PRIME_MLS | $1,904,000 | |
|
3/13/25
Mar 13, 2025
|
Sold Subject To Contingencies | PRIME_MLS | $1,904,000 | |
|
2/10/25
Feb 10, 2025
|
Listed / Active | PRIME_MLS | $1,904,000 |
