Renovated Four-Unit Multifamily
100 South Street, Rutland, VT 05701
For Sale
$399,000
Income-producing four-unit property with a two-bedroom and one-bedroom unit mix plus updated exterior components.
Property Size2,776 SF
Price / SF$143.73
Days on Market118
Property Features for 100 South Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Year Built
Listing Agency:
Watson Realty & Associates
Listed By:
Mike Kalil
(802) 773-3500
Source:
Killingtonpicorealty
Added: Jul 20
Changed: Nov 12
Last Checked: Nov 12 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Watson Realty & Associates
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Investment Insights
Based on property information with market context.
This four-unit multifamily property includes two one-bedroom apartments and two two-bedroom apartments, creating a balanced unit mix within a compact residential income asset. Improvements include new siding, replacement windows, and additional renovations throughout the property.
Built in 1884, the property contains 2,776 square feet and is currently producing income. The reported cap rate exceeds 12%, providing a specific operating metric for evaluating the asset.
Built in 1884, the property contains 2,776 square feet and is currently producing income. The reported cap rate exceeds 12%, providing a specific operating metric for evaluating the asset.
Key Highlights
- Four‑unit multifamily property with two one‑bedroom and two two‑bedroom units
- 2,776 square feet of residential income space
- New siding and windows included among extensive renovations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,307
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,140
$526.1K
Cap Rate 7%
$375,814
$375.8K
Cap Rate 9%
$292,300
$292.3K
Market Conditions
NOI Build-Up for 2,776 SF
Gross rent
$38.3K $13.80/SF
− Vacancy
−$728 −$0.26/SF
EGI
$37.6K $13.54/SF
− OpEx
−$11.3K −$4.06/SF
NOI
$26.3K $9.48/SF
Area
Rutland County, VT
Vacancy
1.90%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$526,140
Cap Rate 7%
$375,814
Cap Rate 9%
$292,300
Alternative Uses
Best Use
Multifamily LT 5
$375.8K
$328.8K – $438.5K
NOI $26,307 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$346.3K
$303.0K – $404.0K
NOI $24,239 @ 7.0% cap · market cap 6.07%
Theoretical Best
Healthcare Medical
$483.3K
$422.9K – $563.9K
NOI $33,833 @ 7.0% cap · market cap 8.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
973
Businesses Nearby
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Business Placement
Demographics for 05701, VT
20,349
Population
10,528
Households
1.9
Avg Household Size
48
Median Age
34%
College-Educated
93%
High-School Grad
67.7 sq mi
ZIP Area
301
Density / Sq Mi
$58,744
Median Household Income
$41,391
Median Earnings
$963
Median Rent
$202,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Income-producing four-unit property with a two-bedroom and one-bedroom unit mix plus updated exterior components.
Where is this quadplex located?
The property is located at 100 South Street Rutland, VT.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Four‑unit multifamily property with two one‑bedroom and two two‑bedroom units; 2,776 square feet of residential income space; New siding and windows included among extensive renovations
