260 Business Rte 4

Rutland Town, VT 05736

$1,260,000
Price
—
Beds
12,500 Sq. Ft.
$101 / Sq. Ft.
12,500
Sq. Ft.
$101
per Sq. Ft.
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Active Under Contract
Active Under Contract

Description

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...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 .
  1. Listed by Mike Kalil • Watson Realty & Associates

Property Details for 260 Business Rte 4

Zoning
Residential
LISTING UPDATED: 06/18/2026 11:13 PM

Property Details for 260 Business Rte 4

StatusActive Under Contract
MLS #5067282
Days on Market236
Taxes$11,647 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1987
Lot Size1.22 AC / 53,143 SF
CountyRutland County
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Location

Listing Courtesy of Watson Realty & Associates
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Building Information for 260 Business Rte 4

Stories2Residences14Year Built1987Building Size-Lot Size1.22 AC / 53,143 SF

Payment Calculator

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$7,375 per month

30 year fixed, 6.55% Interest

Principal and Interest

$6,404

Property Taxes

$971

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 260 Business Rte 4

Summary
Location and General Information
  • City: Rutland Town
  • County: VT-Rutland
  • Latitude: 43.605011159562096
  • Longitude: -73.009351685619308
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 543-171-11302
  • Tax Year: 2026
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot Features: Country Setting, Landscaped
  • Lot Size Acres: 1.22
  • Road Frontage Length: 106.0
  • Total Finished Area: 12500.0
  • Above Grade Finished Area: 12500.0
  • Above Grade Finished Area Source: Owner
  • Above Grade Unfinished Area: 0.0
  • Below Grade Finished Area: 0.0
  • Below Grade Unfinished Area: 2000.0
  • BelowGradeUnfinishedAreaSource: Estimated
  • Lot Size Square Feet: 53143.0
  • Total Area: 14500.0
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1987
Utilities
  • Electric Company: Green Mountain Power
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable, Telephone Available
  • Internet: High Speed Intrnt Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Siding
  • Roof: Asphalt Shingle
  • Total Ranges: 14
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Total Full Baths: 14
  • Heating: Baseboard
  • Cooling: None
  • Total Refrigerators: 14
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $197,400.00
  • Net Income: $138,339.00
  • Operating Expense Incl: Heat, Insurance, Other, Snow Removal, Trash, Utilities, Water/Sewer
  • Operating Expense: $59,061
Multi-Family Information
  • Total Units: 14
  • Total 1 BR Units: 14
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
  • Total Heat Units: 3

Property History for 260 Business Rte 4

DateEvent & SourcePriceAppreciation
Jun 18, 2026

Active Under Contract

New England Real Estate Network #5067282

—
Oct 25, 2025

Listed (Active)

New England Real Estate Network #5067282

$1,190,000—
DateEvent & SourcePrice
06/18/2026

Active Under Contract

New England Real Estate Network #5067282

—
10/25/2025

Listed (Active)

New England Real Estate Network #5067282

$1,190,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 260 Business Rte 4

This home is within Rutland Town School District.
Rating
School
Type
Grades
Distance
Rutland Town Elementary School
Public - PK to 8
Christ The King School
Private - PK to 8
Rutland Area Christian School
Private - PK to 12
Sheldon Academy Of Vermont Achievement Center
Private - 3 to 12
Rating
School
Distance
Rutland Town Elementary School
PublicPK to 8

Christ The King School
PrivatePK to 8

Rutland Area Christian School
PrivatePK to 12

Sheldon Academy Of Vermont Achievement Center
Private3 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Watson Realty & Associates

Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 07/31/2026 08:06 PM