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Property view

120 State Street, 
Rutland City, VT 05701

$1,140,000


Bed


Bath


2,000

Sq Ft


Multi-Family

Sold

Listed by

Mike Kalil

Watson Realty & Associates

802-773-3500

MLS#

5038540

Source:

PrimeMLS

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About This Home

120 State Street

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.

Home Facts

Multi-Family

Built in 1975

Price Summary

1,360,000

$680 per Sq. Ft.

MLS #:

5038540

Sold:

June 17, 2025


Rooms & Interior

Interior

Living Area:

2,000 Sq. Ft.


Structure

Structure

Building Area:

2,000 Sq. Ft.

Year Built:

1975


Lot

Lot Size (Sq. Ft):

6,534


Finances & Disclosures

Finances

Price:

$1,360,000

Price per Sq. Ft:

$680 per Sq. Ft.

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Copyright 2025 Prime MLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of Prime MLS. The information being provided is for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated December 15, 2025