589 South St

Castleton, VT 05735

$319,900
Price
—
Beds
—
Baths
2,000 Sq. Ft.
$160 / Sq. Ft.
2,000
Sq. Ft.
$160
per Sq. Ft.
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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.
  1. Listed by Nancy Liberatore • Lakes & Homes Real Estate

Property Details for 589 South Street

Zoning
R2
LISTING UPDATED: 06/02/2026 06:54 PM

Property Details for 589 South Street

StatusActive
MLS #5092323
Days on Market1
Taxes$3,266 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family
Year Built1880
Lot Size0.90 AC / 39,204 SF
CountyRutland County
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Location

Listing Courtesy of Lakes & Homes Real Estate
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Building Information for 589 South Street

Stories2Residences2Year Built1880Building Size-Lot Size0.90 AC / 39,204 SF

Payment Calculator

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$1,866 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,594

Property Taxes

$272

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 589 South Street

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
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
  • Current Use: No
  • Property Class: Multi-Family
  • Construction Status: 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
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: $34,317.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Snow Removal, Trash, Utilities, Water/Sewer
  • Operating Expense: $12,743
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

DateEvent & SourcePriceAppreciation
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

—
DateEvent & SourcePrice
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

—

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

Public Records for 589 South Street

Taxable ValueLand$59,500Additions$145,000Total$204,500
Tax Record2024$2,737 ($228 / month)
Home Facts
Total Finished SqFt1,811 SqFtAbove Grade Finished SqFt1,811 SqFtStories2Lot Size39,204 SqFtStyleDuplexYear Built1880ZoningR2CountyRUTLANDAPN(040) 252100033

Schools near 589 South Street

This home is within Slate Valley Unified Union School District #62.
Rating
School
Type
Grades
Distance
Castleton Elementary School
Public - PK to 6
Castleton Village School
Public - 6 to 8
Fair Haven Uhsd #16
Public - 7 to 12
Rating
School
Distance
Castleton Elementary School
PublicPK to 6

Castleton Village School
Public6 to 8

Fair Haven Uhsd #16
Public7 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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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 $319,900. It has been on the market for a total of 1 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, Castleton Village School and Fair Haven Uhsd #16. 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lakes & Homes Real Estate

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 06/04/2026 10:14 AM