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    135 Grove St Rutland, VT 05701

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    For Sale
    $300,000

    Partially converted multifamily building ready for transformation into 4-5 units.

    Lot size:
    0.31 Acres

    Property Features for 135 Grove St

    General Information

    Lot size
    0.31 Acres

    Building Details

    Year built
    1900

    Source: Real Broker LLC Agent Betsy Adamovich

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Massive Multifamily Transformation Opportunity

    This property presents a significant opportunity for transformation. The structure, formerly a 23-room boarding house, has undergone partial conversion into a multifamily building designed to contain 4 to 5 units. Each unit is planned to have four or more bedrooms upon completion. One of the units has been designed to meet ADA requirements. The city has indicated a possibility for a 5th unit, and the building's size may allow for even more units with proper permitting. Situated on a large lot with ample parking, this property is suited for investors, developers, or owner-occupants ready to complete the project.
    Location Intelligence

    Current Use by Public Records

    Rutland Best Buds Consultant

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Building Supply Gym & Fitness Auto Repair Shop Wholesale Shop Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rutland
    County
    Orleans
    State
    Vermont
    Longitude
    -72.983349
    Latitude
    43.6147487

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    FAQs

    What type of property is this?
    Apartment building - Partially converted multifamily building ready for transformation into 4-5 units.
    Where is this apartment building located?
    The property is located at 135 Grove St Rutland, VT.
    What is the asking price?
    The asking price for this property is $300,000.
    What are key features of this property?
    This property features: - High Potential for Increased Unit Count: Previously permitted for 4 units, with city indication of a possible 5th and potential for more with proper permitting.; - Large Multifamily Conversion Project: Partially converted from a 23-room boarding house into a 4-5 unit multifamily building.; - Substantial Size and Layout: Each unit designed to have 4+ bedrooms, offering ample living space.
    (802) 384-0155
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    135 Grove St Rutland, VT 05701
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    Rutland, VT 05701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    135 Grove St Rutland, VT 05701
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