Prime Multi-Family Investment Opportunity in Castleton, Vermont This is a rare opportunity to acquire three solid brick buildings, each containing four units, for a total of twelve rental units in the heart of historic Castleton. Nearly all of the units have been extensively renovated, offering updated interiors and minimal capital improvements needed. The property maintains near 100% occupancy, reflecting strong rental demand and stable income. Located just minutes from Lake Bomoseen and Castleton University, this portfolio benefits from a highly desirable location with consistent tenant interest. Each building offers spacious units, ample parking, and a walkable neighborhood setting. The buildings are centrally located within the charming downtown area, providing easy access restaurants and other community amenities. This is a turnkey investment opportunity that provides reliable cash flow and long-term appreciation potential. It's ideal for both seasoned investors and those looking to grow their multi-family portfolio.

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Tax Information

Tax Year2024

Building

Year Built1971
Building ConstructionBrick Exterior
StyleMulti-Family, Multi-Level
Units12
# of 2 Bedrooms12
Bathroom12
Total Baths12
BasementFull, No Tenant Access, Exterior Access
FoundationConcrete

Utilities

Heat SystemOil
WaterPublic
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesCable - Available, Phone, Telephone Available

Basic Information

Virtual TourView Tour
StatusACT
List Price$1,600,000
Date Price Change04/28/2025
MLS Number5038163
MLS StatusActive

Property

Acreage1.6
GarageNo
Parking Spaces
Lot Description
- Corner
- Country Setting
- In Town
- Landscaped
- Level
- Near Golf Course
- Near Hospital
- Near Paths
- Near School(s)
- Near Skiing
- Near Snowmobile Trails
- Neighborhood
- Rental Complex
- Trail/Near Trail
- Walking Trails
Square Feet8,280
APX Fin AG Sqft8,280
RoadsPublic Maintained Road
AreaVT-Rutland

Location

TownCastleton
StateVT
Zip05732
CountyRutland
ZoningRes
Elementary SchoolCastleton Elementary School
Junior HighFair Haven Grade School
High SchoolFair Haven UHSD #16
Address35 Meadow Lane
Flood Zone Y/NNo

Exterior

RoofShingle - Asphalt
Exterior ColorBrick

Amenities

PricePerSqFt193.24

Other

Taxes$21,219
Seasonal Y/NNo
Date Listed04/28/2025
View Count1

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 May 13, 2025 9:54 AM EDT

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35 Meadow LaneCastleton, VT 05732MLS Number 5038163

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