Sold
Last Sold Price
12,500 sqft$91/sqft
260 Business Rte 4, Rutland Town, VT 05736
Multi FamilyProperty Type
1.22 acresLot Size
1987Year Built
$91/sq ftPrice per sq ft

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 .

    Sold By Longview Commercial Real Estate

    • Listed by: Mike Kalil • Watson Realty & Associates
    Listing closed: 08/14/2026 12:00 AM • Source: New England Real Estate Network, MLS#: 5067282

    Location

    Add your commute

    Payment Calculator

    $6,862 per month

    30 year fixed, 6.71% Interest

    Principal and Interest

    $5,891

    Property Taxes

    $971

    HOA Dues

    $0

    The Payment Calculator is for illustrative purposes only.

    Know your buying power with a preapproval and custom rate in minutes

    Rocket Mortgage1

    Property Information for 260 Business Rte 4

    Property Details
    • Taxes: $11,647 / year
    • MLS Type: Multi Family
    • Zoning: Residential
    Building Information
    • Stories: 2
    • Residences: 14
    • Year Built: 1987
    • Lot Size: 1.22 AC / 53,143 SF
    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
    • Property Condition: 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
    Aug 14, 2026

    Sold

    New England Real Estate Network #5067282

    $1,140,000
    Aug 14, 2026

    Pending

    New England Real Estate Network #5067282

    Jun 18, 2026

    Active Under Contract

    New England Real Estate Network #5067282

    DateEvent & SourcePrice
    08/14/2026

    Sold

    New England Real Estate Network #5067282

    $1,140,000
    08/14/2026

    Pending

    New England Real Estate Network #5067282

    06/18/2026

    Active Under Contract

    New England Real Estate Network #5067282

    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
    Public - PK to 8
    Private - PK to 8
    Private - PK to 12
    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

    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.

    Similar Homes

    No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

    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 09/11/2026 05:50 PM