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Renovated 5-Unit Apartment Building
New
For Sale
$555,000

92 Center St, Rutland, VT 05701

Renovated apartments retain original architectural details alongside updated kitchens, baths, and building systems.

Property Size3,296 SF
Price / SF$168.39
Days on Market3

Property Features for 92 Center St

General Information

Standard status Active
Size 3,296 SF
Property subtype Multi-Family
Occupancy 80%

Property Condition

Severity Repairs Needed
Evidence the fifth needing finish-work to complete

Units

Unit Mix 5 x 1BR
Multifamily Units 5

Amenities

original hardwood floors
tall ceilings
large windows
brand-new kitchen and bath
central air conditioning
propane hot-water baseboard heat
air ventilation system
fire alarm system
off-street parking

Building Details

Year Built 1900
Buildings 1
Tenancy Multi
Listing Agency: Alvarenga & Son's Team, Keller Williams Realty Evolution
Listed By: Chinatti Realty
Source: Chinattirealty
Added: Aug 30 Changed: Aug 31 Last Checked: Aug 31 at 3:19PM

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 Alvarenga & Son's Team, Keller Williams Realty Evolution

Investment Insights

Based on property information with market context.

Built in 1900, this 3,296-square-foot apartment building contains five one-bedroom units created through the conversion of former professional offices. The renovation preserves original hardwood floors, tall ceilings, woodwork, trim, and large windows while adding new kitchens and baths. Apartments have no carpeting, and the property includes central air conditioning, propane hot-water baseboard heat, updated wiring and plumbing, an air ventilation system, and a fire alarm system.

Four of the five apartments are rented, while the fifth requires finish-work before completion. Off-street parking is provided. The property is located at 92 Center St in Rutland City, a few blocks from downtown and within convenient driving distance of Killington-Pico ski resorts, Lake Bomoseen, and Lake St Catherine.

Key Highlights

  • Five one‑bedroom apartments in a 3,296‑square‑foot building
  • Four of five apartments are currently rented
  • 1900 construction with original hardwood floors, tall ceilings, and woodwork

Property Analytics

Current Use

Holden Insurance, a division ... Insurance Agency

Suggested Use

Top Pick Kitchen & Bath Showroom Electrical Service Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units
80%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,434
Businesses Nearby

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 - Renovated apartments retain original architectural details alongside updated kitchens, baths, and building systems.
Where is this apartment building located?
The property is located at 92 Center St Rutland, VT.
What is the asking price?
The asking price for this property is $555,000.
What are key features of this property?
This property features: Five one‑bedroom apartments in a 3,296‑square‑foot building; Four of five apartments are currently rented; 1900 construction with original hardwood floors, tall ceilings, and woodwork
More about this property
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