Four-Unit Multifamily
36 S Main Street, Rutland, VT 05701
For Sale
$499,000
The unit mix comprises three two-bedroom apartments and one efficiency.
Property Size3,951 SF
Price / SF$126.30
Days on Market251
Property Features for 36 S Main Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Yes
High Speed Intrnt at Site
4
2
1
3
Month to Month
3951
Walk-up
Bulkhead,Concrete,Concrete Floor,Interior Stairs,Unfinished
Common/Shared,Paved
Block
City Lot,Level,Mountain View,Sidewalks,Near Shopping,Near Skiing,Near Public Transport,Near Hospital
Public
0.37
Paved,Public
16117
Building Details
Year Built
Stories
Listing Agency:
Watson Realty & Associates
Listed By:
Nancy Greenwood · License VT #0810134067
(802) 353-2203
Source:
Lesliedrownrealestate
Added: Mar 5
Changed: Nov 8
Last Checked: Nov 9 at 4:32PM
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.
Built in 1900, this 3,951-square-foot multifamily property is configured as four apartments: three two-bedroom units and one efficiency. The building also includes an office area, an attached two-car garage, spacious living areas, large bedroom closets and tall ceilings. Improvements include a new sewer line, heat pumps, newer flooring and sections of metal roofing. Each apartment has a separate 200-amp electrical panel.
The property occupies a 0.37-acre city lot in Rutland City, with shopping, public transportation, a hospital and skiing noted nearby. Zoning is RESD.
The property occupies a 0.37-acre city lot in Rutland City, with shopping, public transportation, a hospital and skiing noted nearby. Zoning is RESD.
Key Highlights
- Four apartments: three two‑bedroom units and one efficiency
- 3,951 square feet; built in 1900
- Attached two‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,441
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,820
$748.8K
Cap Rate 7%
$534,871
$534.9K
Cap Rate 9%
$416,011
$416.0K
Market Conditions
NOI Build-Up for 3,951 SF
Gross rent
$54.5K $13.80/SF
− Vacancy
−$1.0K −$0.26/SF
EGI
$53.5K $13.54/SF
− OpEx
−$16.0K −$4.06/SF
NOI
$37.4K $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%
$748,820
Cap Rate 7%
$534,871
Cap Rate 9%
$416,011
Alternative Uses
Best Use
Multifamily LT 5
$534.9K
$468.0K – $624.0K
NOI $37,441 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$492.8K
$431.2K – $575.0K
NOI $34,499 @ 7.0% cap · market cap 6.91%
Theoretical Best
Healthcare Medical
$687.9K
$601.9K – $802.6K
NOI $48,154 @ 7.0% cap · market cap 9.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,482
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - The unit mix comprises three two-bedroom apartments and one efficiency.
Where is this quadplex located?
The property is located at 36 S Main Street Rutland, VT.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four apartments: three two‑bedroom units and one efficiency; 3,951 square feet; built in 1900; Attached two‑car garage
