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Rutland City Vermont Real Estate

Rutland County

Chartered: September 7, 1761
City Incorporated: November 18, 1892
Area: 4,910 Acres = 7.67 Square Miles
Population (US Census, 2000): 17,292
Population Density (persons per square mile): 2,254.5

Schools

Rutland City School District 802-773-1900
Mount Saint Joseph Academy
Rutland Area Christian School
Rutland Intermediate School 802-773-1932
Rutland Middle School 802-773-1960
Rutland Northeast Primary School 802-773-1940
Rutland Northwest Primary School 802-773-1946
Rutland Senior High School 802-770-1074
Stafford Technical Center 802-773-1990

Rutland Vermont, also the City of Rutland, is the state;s third largest city, located south of Middlebury along RT7. The city of Rutland boasts all the amenities and opportunities of an urban setting, with the convenience of outdoor recreation just a short drive away. Rutland;s downtown has countless shopping stores, restaurants, and night life destinations, many of which are found along Rutland;s restored historic district. 108 buildings in downtown Rutland are listed in the Historic Registry; many of them are located on the famous “Merchants Row.” Farmers markets, live entertainment, and sidewalk sales are just some of the happenings in this vibrant, Central Vermont city. And when city life gets too hectic, the surrounding countryside offers hikes, biking, swimming, and boating in the warmer months, and skiing, snowboarding, and cross-country skiing in the colder ones. Rutland Vermont real estate has the best of Vermont skiing just down the road. Popular ski resorts Killington resort and Pico Ski Resort are just minutes away. Okemo Mountain Resort, Stratton Mountain Ski Resort, Magic Mountain Ski Resort, Bromley Mountain Ski Resort, and Suicide Six Ski Area are all under an hour;s drive away.

City of Rutland Website
Rutland Area Chamber of Commerce
Rutland Economic Development Corporation

Rutlands United Neighborhoods

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 Feb 29, 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

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

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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 4980962

  • Multifamily
  • Units 8
  • Bathroom 8
  • Acreage 0.26
  • Square Feet 7,314

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 Casella Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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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172 South Main Street Rutland City VT 05701
Active With Contract

MLS Number 4978880

  • Commercial
  • Square Feet 9,132
  • Year Built 1900
  • Acreage 0.6
  • PricePerSqFt 68.44

Own this great investment opportunity in the most prime location in rutland, located in a small strip mall with viable successful businesses, occupying this property one very successful business as a tenant (StoneHedge Indoor Golf)although this property currently is a 2 unit property, unit 1. on1st floor is about 7500 SF unit 2. is on the 2nd floor is about 1700 SF , currently the tenant is renting both spaces, but for the future , this property can easily be divided to two unites on the first floor, conveniently there are two main entrances one on each end of the building with its own parking and of course upstairs unit have its own entrance as well . there are currently 3 large bathrooms and handicapped accessibility. Current cap rate at asking price is 8% NNN lease

Listed by Watson Realty & Associates

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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
  • Square Feet 7,415
  • Year Built 1990
  • 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

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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 49.82

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 Feb 29, 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

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 Watson Realty & Associates

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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 4980961

  • Multifamily
  • Bathroom 6
  • Units 6
  • Square Feet 4,704
  • Acreage 0.19

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 Casella Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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 4980960

  • 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 Casella Real Estate

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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.

Save FavoriteSchedule TourAsk A QuestionMore Details

63 Litchfield Avenue Rutland City VT 05701
Pending

MLS Number 4979545

  • Residential Single Family
  • Construction Existing
  • Bedrooms 4
  • Bathroom 3
  • Square Feet 2,456

This spacious Cape style home is beautifully situated in one of Rutland's most iconic neighborhoods on a double lot. Gorgeous interior finish creates timeless comfort. Large living room with FP, formal dining room and welcoming den with direct access to the kitchen, driveway and sizeable screened in porch. Four Bedrooms, 2.5 baths, plenty of outdoor space, and convenient floor plan makes this the perfect house for today's family.

Listed by Christopher Fucci and Keith Eddy of Chris Fucci Associates,LTD

$
$
%
$/month over payments
Federal 30-year interest rate: 6.94% last updated on Feb 29, 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.

Virtual TourSave FavoriteSchedule TourAsk A QuestionMore Details

Broker Reciprocity 

Copyright 2024 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 March 2, 2024 10:22 PM EST