589 South Street

Active

$275,000

Est: $1,743/moGet pre-approved

2,000 sqft

589 South St, Castleton, VT 05735

Multi FamilyProperty Type

0.9 acresLot Size

1880Year Built

$138/sq ftPrice per sq ft

Description

Investment Opportunity! Just outside the campus of Vermont State University this 2-unit multi-family property brings multiple options to consider. Situated on almost a one acre level lot with fencing on three sides this property offers privacy along with convenience. Each unit features 3 bedrooms and 1 bathroom. Current leases in place through May 2027. Easy proximity to everything Rutland County has to offer for all four seasons - Lake Bomoseen, Killington and Pico. Walking distance to downtown...Investment Opportunity! Just outside the campus of Vermont State University this 2-unit multi-family property brings multiple options to consider. Situated on almost a one acre level lot with fencing on three sides this property offers privacy along with convenience. Each unit features 3 bedrooms and 1 bathroom. Current leases in place through May 2027. Easy proximity to everything Rutland County has to offer for all four seasons - Lake Bomoseen, Killington and Pico. Walking distance to downtown Castleton for restaurants and amenities. Detailed financials available.

112 days on Market

Listed by: Nancy Liberatore • Lakes & Homes Real Estate

Last updated: 10/05/2026 08:56 PM • Source: New England Real Estate Network, MLS#: 5092323

Location

Listing Courtesy of Lakes & Homes Real Estate

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$1,743 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,468

Property Taxes

$275

HOA Dues

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Property Information for 589 South Street

Property Details

Taxes: $3,302 / year
MLS Type: Multi Family
County: Rutland County
Zoning: R2

Building Information

Stories: 2
Residences: 2
Year Built: 1880
Lot Size: 0.90 AC / 39,204 SF

Summary

Location and General Information

City: Castleton
County: VT-Rutland

Directions: From Main Street Castleton Village turn onto South Street. Proceed just past campus parking lot to property on your left. See sign.
Latitude: 43.602616000000999
Longitude: -73.178732999999994
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Street
Zip Code: 05735

Taxes and HOA Information

SPAN Number: 129-040-12079
Tax Year: 2026

Taxes TBD: No

Parking

Garage: No
Driveway: Gravel

Virtual Tour

Property Panorama Virtual Tour: https://tour.primemls.com/589-South-Street-Castleton-VT-05735/unbranded

Property

Lot Information

Lot Features: Level
Lot Size Acres: 0.9

Road Frontage Length: 151.0
Total Finished Area: 2000.0
Above Grade Finished Area: 2000.0
Above Grade Finished Area Source: Other
Above Grade Unfinished Area: 0.0
AboveGradeUnfinishedAreaSource: Other
Below Grade Finished Area: 0.0
Below Grade Finished Area Source: Other
Below Grade Unfinished Area: 1800.0
BelowGradeUnfinishedAreaSource: Other
Lot Size Square Feet: 39204.0
Total Area: 3800.0

Property and Assessments

Property Class: Multi-Family
Property Condition: Existing

Easements: Unknown
Flood Zone: No
PreConstruction: No
Surveyed: Unknown
Year Built: 1880
School District: Slate Valley Unified School District
High School: Fair Haven UHSD #16
Middle/Jr School: Fair Haven Grade School
Elementary School: Castleton Elementary School
Property Tax Relief Program: No

Utilities

Electric Company: Green Mountain Power
Electric: 150 Amp Service

Sewer: Public
Water Source: Public
Utilities: Cable
Total Electric Meters: 2
Internet: High Speed Intrnt Avail

Interior and Exterior Features

Exterior Features

Color: White
Construction Materials: Wood Frame

Roof: Slate
Total Ranges: 2

Interior Features

Basement: Yes
Basement Access Type: Walk-up

Basement Description: Interior Stairs
Heating: Propane, Baseboard, Hot Water, Multi Zone
Cooling: None
Total Refrigerators: 2
Total Stories: 2
Total Water Heaters: 2

Multi Family

Income & Expenses Information

Gross Income: $47,060.00
Net Income: $31,868.33

Operating Expense Incl: Heat, Insurance, Maintenance, Snow Removal, Trash, Utilities, Water/Sewer
Operating Expense: $1,519,167

Multi-Family Information

Total Units: 2
Total 1 BR Units: 0

Total 2 BR Units: 0
Total 3+ BR Units: 2

Rental

Rent Information

Total Leases: 2

Property History for 589 South Street

Date	Event & Source	Price	Appreciation
Jun 2, 2026	Listed (Active) New England Real Estate Network #5092323	$319,900	—
Nov 8, 2024	Sold New England Real Estate Network #5004855	$220,000	—
Oct 16, 2024	Active Under Contract New England Real Estate Network #5004855		—
Jul 12, 2024	Listed (Active) New England Real Estate Network #5004855	$249,000	—
Dec 15, 2023	Expired New England Real Estate Network #4952835		—
Sep 11, 2023	Price Change New England Real Estate Network #4952835	$264,000	—
May 15, 2023	Expired New England Real Estate Network #4948955		—
May 15, 2023	Listed (Active) New England Real Estate Network #4952835	$269,000	—
Apr 17, 2023	Listed (Active) New England Real Estate Network #4948955	$269,000	—

Date	Event & Source	Price
06/02/2026	Listed (Active) New England Real Estate Network #5092323	$319,900
11/08/2024	Sold New England Real Estate Network #5004855	$220,000
10/16/2024	Active Under Contract New England Real Estate Network #5004855	—
07/12/2024	Listed (Active) New England Real Estate Network #5004855	$249,000
12/15/2023	Expired New England Real Estate Network #4952835	—
09/11/2023	Price Change New England Real Estate Network #4952835	$264,000
05/15/2023	Expired New England Real Estate Network #4948955	—
05/15/2023	Listed (Active) New England Real Estate Network #4952835	$269,000
04/17/2023	Listed (Active) New England Real Estate Network #4948955	$269,000

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

Public records

589 South Street

Total Finished SqFt

1,811 SqFt

Above Grade Finished SqFt

1,811 SqFt

Stories

Lot Size

39,204 SqFt

Style

Duplex

Year Built

1880

Schools near 589 South Street

This home is within Slate Valley Unified Union School District #62.


Rating	School	Type	Grades	Distance
7/10	Castleton Elementary School	Public - Serves this home	PK to 6	2.1 mi
2/10	Fair Haven Uhsd #16	Public - Serves this home	7 to 12	4.6 mi
NR	Castleton Village School	Public - Nearby school	6 to 8	0.7 mi


Rating	School	Distance
7/10	Castleton Elementary School PublicPK to 6 Serves this home	2.1 mi
2/10	Fair Haven Uhsd #16 Public7 to 12 Serves this home	4.6 mi
NR	Castleton Village School Public6 to 8 Nearby school	0.7 mi

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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More information about 589 South Street, Castleton, VT 05735

589 South Street is a multi-family home for sale in Castleton, VT 05735. This property was listed for sale on June 2, 2026 by Lakes & Homes Real Estate, it's currently listed at $275,000. It has been on the market for a total of 112 days and was last sold on November 8, 2024. This listing's school district is Slate Valley Unified Union School District #62. Nearby schools include Castleton Elementary School, Fair Haven Uhsd #16 and Castleton Village School. 589 South Street is a 0-bed, 0-bath, 2,000 sqft multi-family home built in 1880.

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.