260 Business route 4 St, Rutland, VT 05701

Building Details

Year Built

1987

Listing office m***@gmail.com Show Phone

Listing date Nov 28, 2025

Source Elliman

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Overview

This well-maintained property in Rutland Town (Center Rutland) presents a great investment opportunity. The property consists of two buildings: a front building with 10 units and a back building with 4 units, totaling 14 one-bedroom apartments. It sits on a large parcel of over 1.20 acres with ample parking and a loop driveway for tenant convenience. The buildings feature vinyl siding and vinyl replacement windows. The pro forma numbers with 100% occupancy show gross revenues of $197,400 per year with expenses around $60,000 per year, not including management, regular maintenance calls, vacancy rate, and debt service. The current CAP Rate is above 10.8%. Currently, 11 units are occupied, and the other 3 are in transition. Two heating boilers service the front building, and one boiler services the back building. This property is convenient to city amenities. This property is offered with another 14-unit property in Castleton as a 28-unit package.

Map

City

Rutland

County

Orleans

State

Vermont

Longitude

-72.9375

Latitude

43.6369

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FAQs

What type of property is this?

Apartment building - Well-maintained 14-unit apartment complex in Rutland Town.

Where is this apartment building located?

The property is located at 260 Business route 4 St Rutland, VT.

What is the asking price?

The asking price for this property is $1,260,000.

What are key features of this property?

This property features: High CAP Rate: Current CAP Rate Above 10.8% indicates strong potential return on investment.; Significant Gross Revenue: Pro forma gross revenues of $197,400 per year with 100% occupancy.; Multi‑Unit Property: Total of 14 one‑bedroom apartments across two buildings.