RUTLAND CITY, VT - This well-maintained four-unit property offers excellent rental history and strong cash flow, making it a smart choice for investors. Positioned on a corner lot, it's conveniently close to public transportation, enhancing tenant appeal. The building features spacious 9-foot ceilings on the first floor and includes energy-efficient minisplit heat pumps in 2 (soon to be 3) of the 4 units. Unit 2 was recently vacated and is receiving a facelift prior to new tenant placement. There is potential for more income provided by a large 2.5-story garage on the property, that was previously rented monthly for storage. As the city pushes for more housing, this huge garage would be a fantastic candidate for an additional unit conversion! The cap rate on this property is 12% at asking price! This investment opportunity combines practicality with profitability in a sought-after location. See it for yourself today!
Property Details
Property Features
Property Information:
Year Built: 1890
Stories: 3
Living Area: 3,139 SqFt
Listing Office:
Office Name: Real Broker LLC
Office Phone: (802) 613-0729
Listing Agent: Betsy Adamovich
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Garage Space: 2 spaces
Parking: Driveway, Garage
Lot Features
Lot Information:
Lot Size: 0.17 Acres
Utilities
Utilities Information:
Heating: Electric, Forced Air, Zoned
Cooling: Zoned
Price Information
Listing Price Info
Price Summary:
List Price: $348,000
Price Per SqFt: $111/SqFt
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Housing Market Comparison
See how this home compares to others in Rutland, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/23/2024, 6:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Rutland Intermediate School
63-65 Library Avenue
Distance between this listing and this school0.53 miles
Public District Grades 3-6
3
/10
Clarendon Elementary School
84 Grange Hall Rd
Distance between this listing and this school3.27 miles
Public District Grades PK-6
2
/10
Proctor Elementary School
14 School St
Distance between this listing and this school4.49 miles
Public District Grades PK-6
Nearby Schools
2
/10
Rutland Middle School
67 Library Ave
Distance between this listing and this school0.47 miles
Public District Grades 7-8
4
/10
Rutland Town Elementary School
1612 Post Rd
Distance between this listing and this school2.42 miles
Public District Grades PK-8
6
/10
Barstow Memorial School
223 Chittenden Rd
Distance between this listing and this school6.65 miles
Public District Grades PK-8
Nearby Schools
6
/10
Rutland High School
22 Stratton Rd
Distance between this listing and this school1.80 miles
Public District Grades 9-12
3
/10
West Rutland School
713 Main St
Distance between this listing and this school3.29 miles
Public District Grades PK-12
3
/10
Proctor Jr. /Sr. High School
4 Park St
Distance between this listing and this school3.83 miles
The neighbors living near this home have an average income of $31,711. Most Rutland, VT residents have annual incomes less than $35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 162 State St
What is the listing price of this property?
The listing price of 162 State St property is $348,000.
What type of property is this?
The property 162 State St is land located in Rutland City, Vermont, 05701.
Is this property for sale now?
Active Listing: 162 State St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 162 State St in Rutland City, VT and zip code 05701. This 3,139 square foot home, which was built in 1890, sits on a 0.17 acre lot. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $348,000.
The number of homes for sale in Rutland, VT increased by 61.9% between September 2024 and October 2024. The median list price of listings available in October 2024 was $280,500, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 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. 
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