Homes for sale - 121 River ST, Rutland City, VT 05701

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Kris Labrake

Real Estate Professional

krislabrake@kw.com +1(603) 715-6866

Listed by Leo Pond • Four Seasons Sotheby's Int'l Realty

$ 225,000

Est. payment | -/mo

5 Beds

3 Baths

2,622 SqFt

Save

$ 225,000

Est. payment | -/mo

Save

5 Beds

3 Baths

2,622 SqFt

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

GET MORE INFORMATION

Kris Labrake

REALTOR® | Lic# 070372

krislabrake@kw.com

+1(603) 715-6866

85 S Main St, Concord, NH, 03301, USA

121 River ST Rutland City, VT 05701

Kris Labrake

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

121 River ST