Investment Opportunity: 8-Unit Multifamily in Rutland City Don’t miss this rare opportunity to own an 8-unit multifamily property located at 43 Summer St in Rutland City. The property includes 6 one-bedroom units, 1 two-bedroom unit, and a studio apartment. Current rents are well below market rate, presenting an ideal chance for an investor to boost cash flow and improve the overall cap rate by raising rents to reflect the true market potential. Situated in a convenient downtown location, this property provides easy access to local amenities, shops, and restaurants, making it highly attractive to tenants. With the rising demand for rental housing in Rutland, this property is well-positioned for long-term growth and value. Whether you're a seasoned investor or just starting to build your portfolio, this property offers significant upside potential.
Property Details
Property Features
Property Information:
Year Built: 1860
Stories: 2
Living Area: 3,896 SqFt
Listing Office:
Office Name: Real Broker LLC
Office Phone: (802) 613-0729
Listing Agent: Betsy Adamovich
Interior Features
Interior Information:
Basement: Yes
Lot Features
Lot Information:
Lot Size: 0.11 Acres
Utilities
Utilities Information:
Heating: Oil, Forced Air
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $479,000
Price Per SqFt: $123/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: 12/18/2024, 5:21:16 AM 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 school0.23 miles
Public District Grades 3-6
3
/10
Clarendon Elementary School
84 Grange Hall Rd
Distance between this listing and this school3.34 miles
Public District Grades PK-6
2
/10
Proctor Elementary School
14 School St
Distance between this listing and this school4.54 miles
Public District Grades PK-6
Nearby Schools
2
/10
Rutland Middle School
67 Library Ave
Distance between this listing and this school0.19 miles
Public District Grades 7-8
4
/10
Rutland Town Elementary School
1612 Post Rd
Distance between this listing and this school2.16 miles
Public District Grades PK-8
6
/10
Barstow Memorial School
223 Chittenden Rd
Distance between this listing and this school6.44 miles
Public District Grades PK-8
Nearby Schools
6
/10
Rutland High School
22 Stratton Rd
Distance between this listing and this school1.48 miles
Public District Grades 9-12
3
/10
West Rutland School
713 Main St
Distance between this listing and this school3.60 miles
Public District Grades PK-12
3
/10
Proctor Jr. /Sr. High School
4 Park St
Distance between this listing and this school3.87 miles
The neighbors living near this home have an average income of $31,711. Typical income of Rutland, VT residents is less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 43 Summer St
What is the listing price of this property?
The listing price of 43 Summer St property is $479,000.
What type of property is this?
The property 43 Summer St is land located in Rutland City, Vermont, 05701.
Is this property for sale now?
Active Listing: 43 Summer St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 43 Summer St in Rutland City, VT and zip code 05701. This 3,896 square foot home, which was built in 1860, sits on a 0.11 acre lot. It has been listed on Rocket Homes since October 08, 2024 and is currently priced at $479,000.
Over 3 listings were sold over their listed price in November 2024 in Rutland, VT. In the same period over 9 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Rutland, VT increased by 8.2% between October 2024 and November 2024.
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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