120 State
Rutland City, VT 05701
Map
- – beds
- – baths
- 2,000 sqft
- 6,534 sqft lot
- $570 per sqft
- 1975 build
- – on site
More homes
Great opportunity for investors, A package of 20 rental units , Consists of 8 multifamily buildings, all in Rutland City in close proximity to each other,All units will be transferred with certificates of occupancies, Great rental history, This property produces over $334,380 in gross rent in total revenues, The net cap rate is over 15% , The net income is over $214k per year, Not including management fee or vacancy rates, and this numbers are pro-fourma, assuming all units are rented. The current owner has 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:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Jun 17, 2025
•
MLS# 5038540 —
The Building
-
Year Built:1975
-
Pre-Construction:No
-
Construction Status:Existing
-
Construction Materials:Wood Frame, Wood Exterior
-
Architectural Style:Multi-Family
-
Roof:Slate
-
Foundation:Brick, Stone
-
Total Stories:2
-
Total Units:20
-
Approx SqFt Total:2000
-
Approx SqFt Total Finished:2,000 Sqft
-
Approx SqFt Finished Above Grade:2,000 Sqft
-
Approx SqFt Finished Below Grade:0 Sqft
-
Approx SqFt Finished Above Grade Source:Public Records
-
Road Frontage Type:Public
Interior
-
Basement:Yes
-
Basement Description:Full
-
Basement Access Type:Interior
Location
-
Latitude:43.608877841885850
-
Longitude:-72.984609728836048
The Property
-
Property Class:Multi-Family
-
Seasonal:No
-
Lot Features:City Lot
-
Lot SqFt:6,534 Sqft
-
Lot Acres:0 Sqft
-
Zoning:Residential
-
Driveway:Gravel
-
Road Frontage:Yes
-
Road Frontage Length:44 Sqft
Listing Agent
- Contact info:
- Office phone:
- (802) 773-3500
Taxes
-
Tax Year:2024
-
Taxes TBD:Yes
-
Tax - Gross Amount:$4,215
Beds
-
Total 2 Bedroom Units:8
Baths
-
Total Full Baths:20
The Listing
-
Price Per SqFt:570
-
Foreclosed/Bank-Owned/REO:No
Heating & Cooling
-
Heating:Oil
Utilities
-
Utilities:Cable
-
Sewer:Public
-
Electric:Circuit Breaker(s)
-
Water Source:Public
The Community
-
Covenants:No
Extra Units
-
Total 3+ BR Units:11
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 |
|---|---|---|---|---|
|
6/17/25
Jun 17, 2025
|
Sold | PRIME_MLS | $1,140,000 | -16.2% |
|
5/1/25
May 1, 2025
|
Sold Subject To Contingencies | PRIME_MLS | $1,360,000 | |
|
4/30/25
Apr 30, 2025
|
Listed / Active | PRIME_MLS | $1,360,000 |
