05701 - Rutland City Properties

 Rutland city is a shire town of Rutland County, Vermont. Population is approximately 17,292.  Rutland is located approximately 65 miles north of Massachusetts and 20 miles east of New York state.  Rutland is the largest city in Vermont. The downtown area of the city is listed as a historic district on the National Register of Historic Places. 

59 Meadow Street Rutland City VT 05701

MLS Number 4997552

  • Commercial
  • Year Built 1903
  • Square Feet 20,341
  • Acreage 1.33
  • PricePerSqFt 110.61

Welcome to the Loretto Home, a captivating 20,000 SF historic brick building located in the vibrant heart of Rutland, Vermont. This distinguished property, formerly a senior living facility owned by the Roman Catholic Diocese, offers a unique blend of historic charm and modern potential. Nestled on 1.33 acres of beautifully landscaped grounds, the Loretto Home stands as a testament to architectural elegance and timeless design. Located in the bustling downtown area, the Loretto Home is perfectly positioned to benefit from Rutland's rich community life and economic opportunities. Its proximity to local shops, restaurants, and cultural attractions makes it an ideal location for both commercial and residential endeavors.

Listed by Kendra Kenney of Pomerleau Real Estate

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$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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224 North Main Street Rutland City VT 05701

MLS Number 4966339

  • Commercial
  • Year Built 1947
  • Square Feet 36,225
  • Acreage 4.21
  • PricePerSqFt 27.47

This is a very well located Redevelopment Opportunity with possible restoration of existing Restaurant, Kitchen and part of Dairy Bar bldg covering a total of approximately 9,500 to 12,000 sq. ft. The balance of the 36,225 sq. ft. building likely needs to be razed with some salvage value of steel frame. In its Prime in the mid 1980's the complex consisted of 3 buildings joined together: A 9,534 sf Restaurant bldg, 21,111 sf Dairy Bldg including a 2,400 sf Dairy Bar, and a 5,580 sf Distribution Center with drive-thru truck wash/repair bay and 3-Bay Garage with three 12'x14' OHD's. Two other buildings on the site include a former 2-story residence (in serious disrepair) near the south property line, and a large Quonset Storage Building toward the rear north side of the property. Appraised by a VT-licensed General Appraiser for $975,000 in 2022, it is offered at that plus a modest 2% inflation adjustment for a net offering price of $995,000. Owners successfully appealed the City Tax Assessed value of approx. $1.25 million down to the current $770,800 assessed value. ABOUT 2/3rds OF BLDG IS IN SERIOUS DISREPAIR, WITH ROOF, CEILINGS AND SOME FLOORS COLLAPSING. OWNER MUST ACCOMPANY SHOWINGS OF FULL STRUCTURE beyond the restaurant space. DISCLOSURE: Soil contamination has been identified and registered with the State, and further testing needs to be done. Buyer's engineer will be asked to speak with the State engineer about the scope of contamination.

Listed by Ray Ault of Ault Commercial Realty,Inc.

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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14 Cottage Street Rutland City VT 05701

Rutland City, VT14 Cottage Street

Price$710,000

Est. Mortgage: $/month

MLS Number 4988076

  • Multifamily
  • Units 8
  • Acreage 0.26
  • Square Feet 7,314
  • PricePerSqFt 97.07

RUTLAND CITY, VT - Here is an exceptional investment opportunity with a total of 8 potential income-generating units! This property features a 7-unit multi-family building and an inviting single-family home. Crafted with a mix of brick and wood frame construction, the 7-unit building stands as a testament to enduring quality and timeless appeal. The current owners have experienced significant profits, showcasing the remarkable rental potential of these well-maintained units. The central location of these units provides easy access to bus routes and daily necessities, ensuring effortless commutes and errands for tenants and owners alike. This added advantage enhances the property's overall appeal, addressing the practical needs of residents. What sets this investment apart from the rest is the rarity of finding a property with so many units that consistently yield strong cash flow. The prospect of owning 2 buildings with a total of 8 units is an extraordinary opportunity for astute investors. 14 & 14.5 Cottage Street is a solid investment in Rutland's real estate, offering a total of 8 units that promise enduring construction, a strategic location, and proven profitability. Cap rate over 10% at list price when fully rented! 4 other properties from the same portfolio are also currently listed for sale. Please inquire for further information regarding the other properties. Will not consider creative financing.

Listed by Betsy Adamovich of Real Broker LLC

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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18-A Chaplin Avenue Rutland City VT 05701

MLS Number 4896544

  • Commercial
  • Year Built 1990
  • Square Feet 7,415
  • Acreage 1.05
  • PricePerSqFt 80.92

Established auto body and paint shop that has been doing quality work for 32 years providing full-service collision repair & paint services, bumper-to-bumper capabilities, is now ready to pass the torch. This business is a turn-key opportunity, ready for a new owner. All the equipment necessary to do a professional and efficient job included in the price, including - 2 tower frame machines, welding equipment, 3D measuring machine, and much more. The business is situated in a freestanding building with 2 paint booths, multiple working stations with overhead doors and large parking areas. You cannot duplicate this business for anywhere near the price you can purchase this opportunity with great equipment, established name and large book of business. Can be purchased in conjunction with 18 Chaplin Ave, MLS #4896551, which is currently used as the office space for the operation.

Listed by Brian Armstrong and Daniel Preston of KW Vermont

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%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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24 Wales Street Rutland City VT 05701

MLS Number 4958882

  • Commercial

PRICE REDUCTION! After 15 years of thriving business, Table 24 is for sale! You won't find a more turn-key restaurant property than this. Approximately 5,000 square feet of space, as well as the business for sale. Located in the heart of Downtown Rutland, just 20 minutes from Killington Resort.

Listed by Andy Paluch of TPW Real Estate

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$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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189 N Main Street Rutland City VT 05701

Rutland City, VT189 N Main Street

Price$560,000

Est. Mortgage: $/month

Pending

MLS Number 4960591

  • Multifamily
  • Units 8
  • Bathroom 8
  • Acreage 0.36
  • Square Feet 5,000

Investment Opportunity, 8 units in 2 buildings on good size lot in a nice location, well maintained convenient to downtown for shopping , ski areas and lakes region , good rental history 100% occupancy, ample parking for tenants, five 2 bedrooms and three 1 bedrooms over $111k in gross income yearly, Cap Rate at the asking price is over 13%.

Listed by Mike Kalil of Watson Realty & Associates

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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204 South Main Street Rutland City VT 05701

MLS Number 4980727

  • Commercial
  • Square Feet 11,240
  • Acreage 0.38
  • PricePerSqFt 48.93

Class A office space for sale in a prime high-traffic location on US Route 7 in Rutland, Vermont. The property is immaculately maintained and is currently leased by an accounting firm for well over a decade. Though it currently supports a single tenant, the building was built to support three separate office or retail tenants and could easily be converted back to that structure. The building has three separate 200 amp electrical services and three separate HVAC systems. The property has 3 bathrooms, 15 individual offices, a kitchen and a kitchenette, multiple storage and copy rooms and a reception area.

Listed by Andy Paluch of TPW Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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106 Library Avenue Rutland City VT 05701

Rutland City, VT106 Library Avenue

Price$540,000

Est. Mortgage: $/month

MLS Number 4988183

  • Multifamily
  • Units 6
  • Acreage 0.19
  • Square Feet 4,704
  • PricePerSqFt 114.8

RUTLAND CITY, VT - An exciting investment opportunity awaits at this fantastic 6-unit multifamily property. With a stellar rental history and all units currently leased, this building is a testament to its consistent appeal among tenants, making it an enticing prospect for savvy investors. 106 Library Ave offers a very rare opportunity -a multifamily building with six units, all contributing to a robust and steady income stream. This unique feature positions the property as a valuable find for investors seeking a reliable source of returns in Rutland's real estate market. 106 Library Ave is a standout in Rutland's real estate landscape-a dynamic 6-unit multifamily property with a proven rental history. Don't miss out on this fantastic investment opportunity that promises both financial stability and growth. Act now to secure a property that combines rarity, income potential, and lasting value. Property has a cap rate over 11% at the current list price! 4 other properties from the same portfolio are also currently for sale. Please inquire for further information on additional properties.

Listed by Betsy Adamovich of Real Broker LLC

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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77 School Street Rutland City VT 05701

Rutland City, VT77 School Street

Price$530,000

Est. Mortgage: $/month

MLS Number 4988079

  • Multifamily
  • Units 6
  • Acreage 0.13
  • Square Feet 2,488
  • PricePerSqFt 213.02

RUTLAND CITY, VT - An outstanding investment opportunity awaits at this well-positioned property featuring a total of 6 units. Comprising 1 efficiency unit and 5 1-bedroom units, this building is a testament to smart investment choices. 5 of the 6 units are currently rented, contributing to a consistent and healthy cash flow. The property's success in generating good income is a reflection of its appeal to tenants. What distinguishes 77 School St is its convenient location, providing easy access to local amenities, schools, and public transportation. This advantageous positioning not only enhances the lifestyle for tenants but also adds a layer of long-term appeal to the property. 77 School St is a prime investment in Rutland's real estate scene-a property with 6 units, all but one currently rented and generating fantastic income. Don't miss out on this rare opportunity! Secure a property that not only promises financial success but also stands as a testament to smart and lucrative investment choices. Listing price offers a 9.4% cap rate for this property! 4 other investment properties from the same portfolio are also currently for sale. Please inquire for further information on additional properties. Will not consider creative financing.

Listed by Betsy Adamovich of Real Broker LLC

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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11 Elmwood Drive Rutland City VT 05701

Rutland City, VT11 Elmwood Drive

Price$459,000

Est. Mortgage: $/month

MLS Number 4993709

  • Residential Single Family
  • Construction Existing
  • Bedrooms 4
  • Bathroom 3
  • Square Feet 2,128

This classic center hall Colonial characterized by its rectangular facade, central entrance and windows symmetrically placed on either side of the entrance is one of the prettiest in the neighborhood. Beloved, practical, and comfortable this home features a main floor complete with a large living room with hardwood floors, a bedroom, separate laundry room and if you need a home office, or den, the bonus room overlooking the private backyard would be the room of choice. The stylishly updated eat-in kitchen with its large peninsula, attractive cabinetry, stainless steel appliances, pantry closet and good work space will serve as the hub of the home. The screen porch beckons for relaxing or summer entertaining. Upstairs you will find three bedrooms, hall bath and the primary bedroom, complete with reading nook, two walk-in closets and a stylish modern tile shower is a dream! The extras with this home include; full basement with great work areas and storage options, and mudroom entry from the oversized attached two-car garage. Look forward to enjoying the deck, semi-private backyard and quiet neighborhood setting this summer. Great storage. Located in Woodland Heights Development set on a pretty landscaped yard in convenient Rutland City location.

Listed by Karen Heath of Four Seasons Sotheby's Int'l Realty

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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54 Woodstock Avenue Rutland City VT 05701

MLS Number 4984770

  • Commercial
  • Year Built 1989
  • Square Feet 2,546
  • PricePerSqFt 176.75
  • NOI 42636

Free Standing one floor building currently it's 2 units but it could be divided a few spaces if desired, unit 1 is perfect for a medical office where its has over 10 offices and 2 bathrooms along with receptions area , currently it is an office for insurance leasing for $36,535 NNN annually, with 3 years lease remaining and willing to stay longer, this building is owned by them 2nd unit was used for years for a mortgage company the lease was for $6000 a year, the insurance company NPT is willing to vacate or stay for the new buyer, Great location in town and Well cared for, paved parking lot for 20+ cars.

Listed by Mike Kalil of Watson Realty & Associates

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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68 Litchfield Avenue Rutland City VT 05701
Pending

MLS Number 4994045

  • Residential Single Family
  • Construction Existing
  • Bedrooms 4
  • Bathroom 2
  • Square Feet 2,006

Timeless beauty in the heart of Rutland City in one of the most sought after neighborhoods. Purchase this home now in time to celebrate it's 100th birthday in 2025. This home has been lovingly updated mixing old world charm with modern flair. Upon entering you will notice the welcoming front porch which leads to the living room featuring a lovely wood-burning fireplace for chilly winter nights and a formal dining room with original built-in. You will love the huge beautifully renovated eat-in kitchen with all new appliances, marble countertops and flooring. This room is sundrenched in a wall of windows overlooking the tranquil backyard pool. There is a family room and 3/4 updated bath completing the first floor. Second floor offers Three large bedrooms, an office area and a sectioned off 4th bedroom with private door leading downstairs -previously used as a rented out room. Newer Buderus boiler installed 2011, washer & dryer in basement and newer oil tank. The backyard will be your summer oasis offering an in-ground pool with newer pool heater in 2022, cover 2021, pump, filter and liner 2010 and totally fenced-in, hot tub with newer cover and landscaped yard. Two car detached garage. This home will not last long in this current market!

Listed by Nancy Greenwood of Watson Realty & Associates

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on May 23, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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