Last Sold Price
12,500 sqft$91/sqft
260 Business Rte 4, Rutland Town, VT 05736

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 .
LISTING CLOSED: 08/14/2026 12:00 AM

  1. Listed by Mike Kalil • Watson Realty & Associates

Sold By Longview Commercial Real Estate

Property Details for 260 Business Rte 4

Status
MLS #
5067282
Days on Market
236
Taxes
$11,647 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1987
Lot Size
1.22 AC / 53,143 SF
Zoning
Residential

Location

Add your commute

Building Information for 260 Business Rte 4

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

Payment Calculator

$6,765 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,794

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
  • 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

Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 260 Business Rte 4, Rutland Town, VT 05736
$1,140,000
–
12,500
53,143
–
4
1
2,040
30,492
$282,000
4
3,000
56,628
–
2
1.5
1,080
10,019
–
–
2
2,302
7,841
$289,800
–
–
–
59,242

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 08/21/2026 10:05 PM