Bought with Mike Kalil • Watson Realty & Associates
$285,000
$279,000
2.2%For more information regarding the value of a property, please contact us for a free consultation.
166 State ST Rutland City, VT 05701
5 Beds
5 Baths
2,700 SqFt
Key Details
Sold Price $285,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,700 sqft
Price per Sqft $105
MLS Listing ID 5036190
Sold Date 06/13/25
Bedrooms 5
Full Baths 5
Construction Status Existing
Year Built 1910
Annual Tax Amount $5,412
Tax Year 2025
Lot Size 9,147 Sqft
Acres 0.21
Property Description
Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let's make a deal!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning industrial
Rooms
Basement Entrance Interior
Basement Partially Finished
Interior
Cooling None
Exterior
Utilities Available Cable - Available, Telephone Available
Roof Type Slate
Building
Story 2
Foundation Stone
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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