This versatile two-unit mixed use building in a prime Castleton location offers a rare opportunity for both investors and owner-occupants. Currently it is a one-bedroom apartment with an additional commercial space, but with approval from the town, the property could be converted into a residential multi-family, featuring a one-bedroom, one-bathroom apartment and a spacious two-bedroom, one-and-a-half-bathroom apartment. The finished basement space provides plenty of storage, making it ideal for tenants or personal use. If you prefer to maintain the property as mixed use, the commercial space is full of potential. Its flexible layout lends itself perfectly to a wide variety of businesses-whether you envision it as an office, hair salon, daycare, or another professional use. Located in a prime Castleton location, this property combines visibility, convenience, and long-term potential. Whether you're looking to expand your investment portfolio or create a home and business space all in one, this is a unique opportunity you won't want to miss.

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Basic Information

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StatusACT
List Price$269,000
Date Price Change09/08/2025
MLS Number5060211
MLS StatusActive

Interior

APX Fin Below Grade569
FloorsCarpet, Vinyl

Exterior

RoofAsphalt Shingle

Utilities

Heat SystemOil, Baseboard, Hot Water
WaterPublic
ElectricCircuit Breaker(s)
SewerPublic
UtilitiesTelephone Available

Location

TownCastleton
StateVT
Zip05735
CountyRutland
Zoningmixed use
Address21A Preston Lane
Flood Zone Y/NUnknown

Property

Acreage0.4
GarageNo
Parking Spaces
Lot DescriptionLevel
Square Feet2,525
APX Fin AG Sqft1,956
RoadsPaved, Public
AreaVT-Rutland

Amenities

Exterior AmenitiesCovered Porch
PricePerSqFt106.53

Other

Seasonal Y/NNo
Date Listed09/08/2025
Unit 2 Rent Amount$825

Building

Year Built1988
Building ConstructionWood Frame, Wood Siding
StyleSingle Level
Units2
Unit 1 Bath2
Unit 1 Floor Location1
Unit 1 Total Rooms4
Unit 2 Bath1
Unit 2 Bedrooms1
Unit 2 Floor Location1
Unit 2 StyleResidential
Unit 2 Total Rooms3
# of 1 Bedrooms1
# of 2 Bedrooms1
Bathroom3
Total Baths3
BasementPartially Finished
FoundationStone

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 November 12, 2025 5:53 AM EST

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21A Preston LaneCastleton, VT 05735MLS Number 5060211

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