Renovated Two-Unit
70 Elm Street, Rutland, VT 05701
For Sale
$395,000
Two vacant residences offer separate covered porches, dedicated parking, and a shared partially fenced yard.
Property Size3,136 SF
Price / SF$125.96
Days on Market9
Property Features for 70 Elm Street
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
covered porches
shared yard
Building Details
Year Built
Buildings
Listing Agency:
Real Broker LLC
Listed By:
Mandolyn McIntyre Crow
Source:
Sugarbushrealestate
Added: Nov 6
Changed: Nov 12
Last Checked: Nov 12 at 2:29PM
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 Real Broker LLC
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Investment Insights
Based on property information with market context.
This 3,136-square-foot duplex, built in 1884, contains two two-story residences. Unit 1 has three bedrooms, two full bathrooms, a bonus room, formal dining room, and a kitchen with a center island connected to the living room. Unit 2 includes two bedrooms, one full and one half bathroom, plus kitchen, dining, and living areas. Both units have covered porches and dedicated parking. Renovations include updated kitchens and bathrooms, new flooring, paint, walls, and windows, along with a refreshed exterior.
The property is at 70 Elm Street in Rutland City, Vermont, less than 30 minutes from Killington Ski Resort. A partially fenced yard is shared between the units, which are both vacant.
The property is at 70 Elm Street in Rutland City, Vermont, less than 30 minutes from Killington Ski Resort. A partially fenced yard is shared between the units, which are both vacant.
Key Highlights
- Two units with a combined 3,136 square feet
- Unit 1: 3 bedrooms, 2 full bathrooms, and a bonus room
- Unit 2: 2 bedrooms, 1 full bathroom, and 1 half bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,718
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$594,360
$594.4K
Cap Rate 7%
$424,543
$424.5K
Cap Rate 9%
$330,200
$330.2K
Market Conditions
NOI Build-Up for 3,136 SF
Gross rent
$43.3K $13.80/SF
− Vacancy
−$822 −$0.26/SF
EGI
$42.5K $13.54/SF
− OpEx
−$12.7K −$4.06/SF
NOI
$29.7K $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%
$594,360
Cap Rate 7%
$424,543
Cap Rate 9%
$330,200
Alternative Uses
Best Use
Multifamily LT 5
$424.5K
$371.5K – $495.3K
NOI $29,718 @ 7.0% cap · market cap 7.52%
Second Best
Apartment 5plus
$391.2K
$342.3K – $456.4K
NOI $27,383 @ 7.0% cap · market cap 6.93%
Theoretical Best
Healthcare Medical
$546.0K
$477.8K – $637.0K
NOI $38,221 @ 7.0% cap · market cap 9.68%
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
1,212
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 - Two vacant residences offer separate covered porches, dedicated parking, and a shared partially fenced yard.
Where is this duplex located?
The property is located at 70 Elm Street Rutland, VT.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two units with a combined 3,136 square feet; Unit 1: 3 bedrooms, 2 full bathrooms, and a bonus room; Unit 2: 2 bedrooms, 1 full bathroom, and 1 half bathroom
