164 + 164.5 State StreetRutland City, VT 05701MLS Number 5033032

Price: $298,000
Est. Mortgage of $/month
34 Days on Market

2 multi family homes side be side, each has 2 four bedroom unit, great income generator, all unites were rented to tenants with vouchers through Vermont housing authority, currently one unit is vacant in each building for possible new owner occupancy, this property has two deeds , when all rented the gross yearly income is $47,400 for 164 State and $47,340 for 164.5 State st with a total yearly revenues of $94,740 and a net yearly Income of $66,662 that puts the cap rate over 20% , the expenses do not include management fees or vacancy rate maintenance expense, see attachments documents like tax bill, deeds and income expense numbers .

More Info

Tax Information

Tax Year2025

Building

Year Built1900
Building ConstructionWood Frame
StyleMulti-Family
Units4
Unit 1 Bath1
Unit 1 Bedrooms4
Unit 2 Bath1
Unit 2 Bedrooms4
Unit 3 Bath1
Unit 3 Bedrooms4
Unit 4 Bath1
# of 3+ Bedrooms4
Bathroom4
Total Baths4
BasementFull, Unfinished
FoundationConcrete

Basic Information

StatusPEN
List Price$298,000
Date Price Change03/21/2025
MLS Number5033032
MLS StatusPending

Property

Acreage0.27
GarageNo
Parking Spaces
Lot DescriptionCity Lot
Square Feet5,000
APX Fin AG Sqft5,000
Road Frontage85
RoadsPaved, Public
AreaVT-Rutland

Other

Taxes$7,806.68
Seasonal Y/NNo
Operating Expenses28076
Date Listed03/21/2025
Unit 1 Deposit$1,875
Unit 2 Rent Amount$2,125
Unit 3 Rent Amount$2,000
Unit 4 Rent amount$2,150

Location

TownRutland City
StateVT
Zip05701
CountyRutland
ZoningResidential
Address164 + 164.5 State Street
Flood Zone Y/NNo

Exterior

RoofShingle - Other, Slate

Utilities

Heat SystemBaseboard
WaterPublic
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable, Phone

Amenities

PricePerSqFt59.6

Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated April 23, 2025 7:53 PM EDT

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164 + 164.5 State StreetRutland City, VT 05701MLS Number 5033032

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164 + 164.5 State StreetRutland City, VT 05701MLS Number 5033032

$/month over payments

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More Info

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Exterior

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Amenities

Your Local Office

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