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121 River Street, 
Rutland City, VT 05701

$225,000


Bed


Bath


2,622

Sq Ft


Multi-Family

Active

Listed by

Leo Pond

Karen Heath

Four Seasons Sotheby'S Int'L Realty

1321

802-774-7007

Last updated:

September 28, 2025, 10:17 AM

MLS#

5062823

Source:

PrimeMLS

About This Home

121 River Street

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.

Home Facts

Multi-Family

Built in 1825

Price Summary

225,000

$85 per Sq. Ft.

MLS #:

5062823

Last Updated:

September 28, 2025, 10:17 AM

Added:

4 day(s) ago


Rooms & Interior

Interior

Living Area:

2,622 Sq. Ft.


Structure

Structure

Building Area:

3,933 Sq. Ft.

Year Built:

1825


Lot

Lot Size (Sq. Ft):

8,712


Finances & Disclosures

Finances

Price:

$225,000

Price per Sq. Ft:

$85 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 September 28, 2025

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