120 State St

Rutland VT 05701

2000 sq. ft.

6534 sq. ft.

Multi-Family

Last sold for $1,140,000

Mike Kalil, last sold this property on 17 June 2025 after -147 days on market.

Overview

Great opportunity for investors, A package of 20 rental units , Consists of 8 multifamily buildings, all in Rutland City in close proximity to each other,All units will be transferred with certificates of occupancies, Great rental history, This property produces over $334,380 in gross rent in total revenues, The net cap rate is over 15% , The net income is over $214k per year, Not including management fee or vacancy rates, and this numbers are pro-fourma, assuming all units are rented. The current owner has owned them for years and is retiring. Profits have proven to be consistent and growing every year, Constant upgrade repairs have been made to all systems I.e Heating, Water to optimize efficiency.

Features

2000 sq. ft. floor area

6534 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar multi families sold in Rutland over the last 12 months, the estimated median property value of 120 State St is $285k.

Median value

$285k

Estimated value range

$92k - $1.49m

Median days on market

Estimated value trend

27%

increase over the last 12 months

Average days on market is based on recent, comparable sales in Rutland. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 120 State St

2025

Sold

$1,140,000

17 Jun 2025 by Mike Kalil, of Watson Realty & Associates

Happy sellers in Rutland

We have insufficient information to provide an overview of customer satisfaction for Rutland. Viewing the agent profiles, reviews and sales for Rutland can provide insights for this location.