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Listing courtesy of PRIME_MLS / Mike Kalil / Watson Realty & Associates

164 + 164.5 State

Rutland City, VT 05701

– beds
– baths
5,000 sqft
11,761 sqft lot
$59 per sqft
1900 build
– on site

2 multi family homes side be side, each has 2 four bedroom unit, great income generator, all unites were rented to tenants with vouchers through Vermont housing authority, currently one unit is vacant in each building for possible new owner occupancy, this property has two deeds , when all rented the gross yearly income is $47,400 for 164 State and $47,340 for 164.5 State st with a total yearly revenues of $94,740 and a net yearly Income of $66,662 that puts the cap rate over 20% , the expenses do not include management fees or vacancy rate maintenance expense, see attachments documents like tax bill, deeds and income expense numbers .

Listing courtesy of PRIME_MLS / Mike Kalil / Watson Realty & Associates

Last checked: Checking… • Last updated Mar 22, 2025 •

MLS# 5033032 —

The Building

Year Built:

1900
Pre-Construction:

No
Construction Status:

Existing
Construction Materials:

Wood Frame
Architectural Style:

Multi-Family
Roof:

Shingle - Other, Slate
Foundation:

Concrete
Total Stories:

2
Total Units:

4
Approx SqFt Total:

6200
Approx SqFt Total Finished:

5,000 Sqft
Approx SqFt Finished Above Grade:

5,000 Sqft
Approx SqFt Finished Below Grade:

0 Sqft
Approx SqFt Unfinished Below Grade:

1200
Approx SqFt Unfinished Building Source:

Estimated
Approx SqFt Finished Above Grade Source:

Estimated
Road Frontage Type:

Paved, Public

Interior

Basement:

Yes
Basement Description:

Full, Unfinished
Basement Access Type:

Interior

Location

Latitude:

43.609464000000003
Longitude:

-72.981086915344235

The Property

Property Class:

Multi-Family
Seasonal:

No
Lot Features:

City Lot
Lot SqFt:

11,761 Sqft
Lot Acres:

0 Sqft
Zoning:

Residential
Driveway:

Gravel
Road Frontage:

Yes
Road Frontage Length:

85 Sqft

Listing Agent

Contact info:

Taxes

Tax Year:

2025
Taxes TBD:

No
Tax - Gross Amount:

$7,806.68

Baths

Total Full Baths:

4
Unit 1 Baths:

1
Unit 2 Baths:

1

The Listing

Price Per SqFt:

59.6
Foreclosed/Bank-Owned/REO:

No

Heating & Cooling

Heating:

Baseboard

Utilities

Utilities:

Cable, Phone
Sewer:

Public
Electric:

Circuit Breaker(s)
Water Source:

Public

The Community

Covenants:

No

Extra Units

Unit 1 Bedrooms:

4
Unit 2 Bedrooms:

4
Total 3+ BR Units:

4
Unit 3 Bedrooms:

4
Unit 3 Baths:

1
Unit 4 Bedrooms:

4
Unit 4 Baths:

1

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Sale history

Date	Event	Source	Price	% Change
3/22/25 Mar 22, 2025	Sold Subject To Contingencies	PRIME_MLS	$298,000
3/21/25 Mar 21, 2025	Listed / Active	PRIME_MLS	$298,000

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This multifamily located in Rutland, VT 05701 is currently for sale for $298,000. 164 + 164.5 State is a 5,000 square foot multifamily with – beds and – baths that has been on Estately for 10 days. This multifamily is in the attendance area of Rutland Middle School, Rutland Senior High School, and Rutland Intermediate School.

Listing Courtesy of: PRIME_MLS and Watson Realty & Associates.

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