60 Elm Street

Closed 12/5/24
Closed 12/5/24
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Sold
Last Sold Price
$330,000
7 beds4 baths3,220 sqft$102/sqft
60 Elm St, Rutland, VT 05701
Multi FamilyProperty Type
7,405 sq ftLot Size
1884Year Built
$102/sq ftPrice per sq ft

Description

Immaculate 4plex located a desirable quaint residential Rutland neighborhood This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at a 10% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower than average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to realize...Immaculate 4plex located a desirable quaint residential Rutland neighborhood This 100% occupied building has 3x2br and 1x1br, a net operating income north of $36K, and is being listed at a 10% cap rate based on current numbers. Units has been renovated and building has undergone weatherization resulting in lower than average annual heating bills. A new owner can step into to this turnkey investment, projected to yield over a 17% cash on cash return starting year 1 based on current numbers to realize significant returns from cash-flow vs speculation. Rents can be brought to market to achieve north of a 24% cash on cash return by year 2. In addition to enjoying the tremendous cash flow, there is also significant upside to acquire a high quality stabilized 4plex ahead of the historic multibillion dollar development occurring nearby at Killington, which, combined with rapidly falling rates, is already resulting in organic property appreciation and increased interest in the area from investors. The property is available as a package with other buildings across VT for a buyer looking for a larger high cash flow turnkey multifamily portfolio. Listing Broker is a member of the LLC selling the property.

    Sold By Ski Country Real Estate

    • Listed by: Michael Gilman • 3GEN Real Estate Inc
    Listing closed: 12/05/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 5017046

    Recent comparable sales

    Median sold price

    $322,000

    Avg days on market

    32

    Sale-to-list ratio

    95.7%

    Rutland, VT

    9 comparable properties found

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    139 Lincoln Avenue, Rutland, VT 05701

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    190 Crescent Street, Rutland, VT 05701

    $322,000 | 48 Forest Street, Rutland, VT 05701
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    48 Forest Street, Rutland, VT 05701

    $182,500 | 75 Harrison Avenue, Rutland, VT 05701
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    75 Harrison Avenue, Rutland, VT 05701

    $338,000 | 28389 Ridge Road, Rutland, NY 13601
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    28389 Ridge Road, Rutland, NY 13601

    $291,000 | 77 River Street, Rutland, VT 05701
    1/17
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    $291,000

    Sold 11/04/24

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    2,332
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    0.16
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    77 River Street, Rutland, VT 05701

    $350,000 | 55 Prospect Street, Rutland, VT 05701
    1/41
    9

    $350,000

    Sold 11/15/24

    9
    Bedrooms
    3,591
    Square Feet
    0.21
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    55 Prospect Street, Rutland, VT 05701

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    $2,230 per month

    30 year fixed, 6.55% Interest

    Principal and Interest

    $1,677

    Property Taxes

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    Property Information for 60 Elm Street

    Property Details
    • Taxes: $6,636 / year
    • MLS Type: Multi Family
    • County: Rutland County
    • Zoning: Residential
    Building Information
    • Stories: 2
    • Residences: 4
    • Year Built: 1884
    • Lot Size: 0.17 AC / 7,405 SF
    Summary
    Location and General Information
    • City: Rutland City
    • County: VT-Rutland
    • Latitude: 43.612212000001001
    • Longitude: -72.977435999999997
    • Road Frontage: Yes
    • Seasonal: No
    • State: VT
    • Street Designation: Street
    • Zip Code: 05701
    Taxes and HOA Information
    • SPAN Number: 54017012551
    • Tax Year: 2024
    • Taxes TBD: No
    Parking
    • Garage: No
    • Driveway: Paved
    Property
    Lot Information
    • Lot - Sqft: 7405.0
    • Lot Features: Corner
    • Lot Size Acres: 0.17
    • Road Frontage Length: 150.0
    • Square Feet Apx Finished Above Grade: 3220.0
    • Square Feet Apx Finished AG Source: Other
    • Square Feet Apx Finished Below Grade: 0.0
    • Square Feet Apx Total: 4324.0
    • Square Feet Apx Total Finished: 3220.0
    • Square Feet Apx Unfinished Above Grade: 0.0
    • Square Feet Apx Unfinished Below Grade: 1104.0
    • Square Feet Apx Unfinished BG Source: Other
    Property and Assessments
    • Property Class: Multi-Family
    • Flood Zone: No
    • Foundation: Stone
    • PreConstruction: No
    • Surveyed: Unknown
    • Year Built: 1884
    Utilities
    • Electric: Circuit Breaker(s)
    • Sewer: Public
    • Water Source: Public
    • Utilities: Cable
    • Internet: Internet - Cable
    Interior and Exterior Features
    Exterior Features
    • Construction Materials: Wood Frame
    • Roof: Shingle - Asphalt
    Interior Features
    • Basement: Yes
    • Basement Access Type: Walk-up
    • Basement Description: Unfinished
    • Heating: Oil, Baseboard
    • Cooling: None
    • Total Stories: 2
    Multi Family
    Multi-Family Information
    • Total Units: 4
    • Total 1 BR Units: 1
    • Total 2 BR Units: 3
    • Total 3+ BR Units: 0
    Unit Information
    Unit 1
    • Unit 1 Baths: 1
    • Unit 1 Bedrooms: 2
    • Unit 1 Rental Amt Freq: Monthly
    • Unit 1 Rental Amount: $1,250.00
    Unit 2
    • Unit 2 Baths: 1
    • Unit 2 Rental Amt Freq: Monthly
    • Unit 2 Bedrooms: 2
    • Unit 2 Rental Amount: $1,075.00
    Unit 3
    • Unit 3 Baths: 1
    • Unit 3 Rental Amt Freq: Monthly
    • Unit 3 Bedrooms: 1
    • Unit 3 Rental Amount: $1,100.00
    Unit 4
    • Unit 4 Rental Amt Freq: Monthly
    • Unit 4 Baths: 1
    • Unit 4 Bedrooms: 2
    • Unit 4 Rental Amount: $1,300.00

    Property History for 60 Elm Street

    DateEvent & SourcePriceAppreciation
    Dec 5, 2024

    Sold (Public Record)

    Public Record #1546605136

    		$330,000—
    Dec 5, 2024

    Sold

    New England Real Estate Network #5017046

    		$330,000—
    Oct 13, 2024

    Pending

    New England Real Estate Network #5017046

    		—
    DateEvent & SourcePrice
    12/05/2024

    Sold (Public Record)

    Public Record #1546605136

    $330,000
    12/05/2024

    Sold

    New England Real Estate Network #5017046

    $330,000
    10/13/2024

    Pending

    New England Real Estate Network #5017046

    —

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

    Public Records for 60 Elm Street

    Taxable ValueLand$57,000Additions$114,300Total$171,300
    Tax Record2025$3,301 ($275 / month)
    Home Facts
    Beds0Lot Size7,405 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 12551

    Schools near 60 Elm Street

    This home is within Rutland City School District.
    Rating
    School
    Type
    Grades
    Distance
    Rutland Intermediate School
    		Public - 3 to 6
    Rutland Middle School
    		Public - 7 to 8
    Rutland Senior High School
    		Public - 9 to 12
    Stafford Technical Center
    		Public - 9 to 12
    Rating
    School
    Distance
    Rutland Intermediate School
    Public3 to 6

    Rutland Middle School
    Public7 to 8

    Rutland Senior High School
    Public9 to 12

    Stafford Technical Center
    Public9 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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    Nearby home values

    AddressSold priceBedsBathsSqftLot (Sqft)
    This home: 60 Elm Street, Rutland, VT 05701
    $330,000
    7
    4
    3,220
    7,405
    62 Elm Street, Rutland, VT 05701
    $109,000
    6
    3,022
    6,098
    41 Burnham Avenue, Rutland, VT 05701
    –
    –
    –
    –
    7,841
    64 Elm Street, Rutland, VT 05701
    –
    –
    –
    –
    6,098
    52 Elm Street, Rutland, VT 05701
    $90,000
    6
    3,549
    13,068
    68 Elm Street, Rutland, VT 05701
    $126,000
    3
    –
    6,098

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    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 3GEN Real Estate Inc

    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 09/10/2026 08:46 AM