121 River ST new Save Request In-Person Tour Request Virtual Tour
Rutland City,VT 05701
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,622 sqft
Price per Sqft $85
MLS Listing ID 5062823
Bedrooms 5
Full Baths 3
Construction Status Existing
Year Built 1825
Annual Tax Amount $5,133
Tax Year 2025
Lot Size 8,712 Sqft
Acres 0.2
Property Description
Check out this solid income-generating opportunity featuring three distinct rental units that offer both stability and excellent long-term investment potential. The front of the property is configured as a classic two-family, with the first-floor apartment and a second-floor unit accessed via a shared stairwell—each offering functional layouts that cater to tenant comfort and convenience. Tucked away at the back of the property is a unique studio apartment with a lofted bedroom, adding variety to the unit mix and broadening the appeal for a range of renters. Fully occupied and generating steady rental income, this multifamily asset is ready to deliver returns from day one. Recent improvements enhance both value and peace of mind, including: numerous vinyl replacement windows, refurbished front deck, two brand-new oil tanks, new (partial) poured concrete foundation wall. Additional thoughtful updates to boost safety, curb appeal, and long-term durability. Located just a short distance from Meadow Street Park, downtown Rutland, shopping, and community amenities, the property benefits from a prime, tenant-friendly location in a market known for its consistent rental demand. Combining reliable occupancy, recent upgrades, and a flexible layout with multiple income streams, this property is a smart, well-rounded addition to any investor's portfolio.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning MR-1
Rooms
Basement Entrance Interior
Basement Dirt,Dirt Floor
Interior
Cooling None
Flooring Carpet,Other,Vinyl,Wood
Exterior
Utilities Available Cable Available,Telephone Available
Roof Type Slate
Building
Story 2
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
Schools
Elementary Schools Northwest Primary School
Middle Schools Rutland Intermediate School
High Schools Rutland Senior High School
School District Rutland City School District