Two-Unit
101 South Main Street, Rutland, VT 05701
For Sale
$290,000
The apartments have distinct three-bedroom and one-bedroom layouts, with the larger unit on the ground floor.
Property Size1,907 SF
Price / SF$152.07
Days on Market41
Property Features for 101 South Main Street
General Information
Standard status
Size
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
Four Corner Properties LLC
(508) 320-9014
Listed By:
Patrick Sady
(802) 282-3107
Source:
Hayesrealestate
Added: Oct 2
Changed: Nov 10
Last Checked: Nov 10 at 2:14PM
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 Four Corner Properties LLC
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Investment Insights
Based on property information with market context.
This 1,907-square-foot duplex, built in 1940, contains two apartments: a three-bedroom residence on the first floor and a one-bedroom unit above. The property is zoned RESD 1 and is located at 101 South Main Street in Rutland City, Vermont.
The address is close to downtown, shopping, restaurants, schools, and parks. The different bedroom counts provide a clear distinction between the two units.
The address is close to downtown, shopping, restaurants, schools, and parks. The different bedroom counts provide a clear distinction between the two units.
Key Highlights
- Two apartments: one with 3 bedrooms and one with 1 bedroom
- 1,907 square feet
- Built in 1940
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,072
Cap Rate
6.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,440
$361.4K
Cap Rate 7%
$258,171
$258.2K
Cap Rate 9%
$200,800
$200.8K
Market Conditions
NOI Build-Up for 1,907 SF
Gross rent
$26.3K $13.80/SF
− Vacancy
−$500 −$0.26/SF
EGI
$25.8K $13.54/SF
− OpEx
−$7.7K −$4.06/SF
NOI
$18.1K $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%
$361,440
Cap Rate 7%
$258,171
Cap Rate 9%
$200,800
Alternative Uses
Best Use
Multifamily LT 5
$258.2K
$225.9K – $301.2K
NOI $18,072 @ 7.0% cap · market cap 6.23%
Second Best
Apartment 5plus
$237.9K
$208.2K – $277.5K
NOI $16,652 @ 7.0% cap · market cap 5.74%
Theoretical Best
Healthcare Medical
$332.0K
$290.5K – $387.4K
NOI $23,242 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,414
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
$202,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Rutland County, VT
Properties on Market for Duplexes in Rutland County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - The apartments have distinct three-bedroom and one-bedroom layouts, with the larger unit on the ground floor.
Where is this duplex located?
The property is located at 101 South Main Street Rutland, VT.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Two apartments: one with 3 bedrooms and one with 1 bedroom; 1,907 square feet; Built in 1940
