Building Details

Year Built 1987

Units 14

Listing Agency: m***@gmail.com Show Phone

Listed By: Mohammad Kalil Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 8 Last Checked: Jul 23 at 7:08AM

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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 Mohammad Kalil

Investment Insights

Based on property information with market context.

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.

Key Highlights

• 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.

Property Analytics

Current Use

Apartment buildings

Location Intelligence

Trade Area within ½ mile

82

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

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 Mill Village, 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.