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28 units

$1,260,000 USD

Multifamily For Sale • 34,108 SF

2 Properties View all

Property Details

Property Type Multifamily
Cap Rate 23.40 %

30 Transit Score

20 Walk Score

                
                    Highlights
                
                                Investment property featuring two well-maintained buildings with a total of 14 one-bedroom units.
                            
                                Front building offers 10 units, while the rear building contains 4 units on a spacious 1.20± acre lot.
                            
                                Strong income potential with pro forma gross annual revenue of $197,400 and expenses around $60,000 (excluding management, maintenance, vacancy, and d
                            
                                Current cap rate above 10.8%, delivering an impressive return for investors.
                            
                                Offered individually at $1,260,000 or as part of a 28-unit portfolio alongside a companion property in Castleton.
                            
                                Ample parking with a loop driveway and convenient location to city amenities in Center Rutland.

Financial Summary (Actual)

Net Operating Income: $294,885 USD (2025)

Cap Rate:

23.40 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
Rutland (Ethan Allen Express - Amtrak)	4 min	-	1.6 mi
Castleton Amtrak Station (Ethan Allen Express - Amtrak)	14 min	-	9.9 mi

Mike Kalil 802-342-8899 Watson Realty & Associates, PLC