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Property view

128 Granger Street, 
Rutland City, VT 05701

$200,000


Bed


Bath


1,813

Sq Ft


Multi-Family

Sold

Listed by

Michael Gilman

3gen Real Estate Inc

802-227-7327

MLS#

5005506

Source:

PrimeMLS

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About This Home

128 Granger Street

This well cared for turnkey duplex features two renovated spacious two-bedroom units and an NOI of ~$20K. Property is perfect for someone looking to occupy one unit and have property expenses and mortgage offset by renting the other. If held as investment, this duplex has the potential for 15%+ annual cash on cash returns, and significant upside at sale (without taking into account any expected organic price appreciation). The property has been professionally managed with recent updates and renovations across interior units and exteriors. One unit has been kept vacant prior to listing for potential owner-occupancy, or keep both units rented-for strong cash flow (vacant unit can be rented for a minimum of $1,400 as a condition to close). The 2x 2br apartments are spacious with an ideal layout, and access to the oversized backyard and ample parking. Efficient footprint and recent renovations keep operating expenses low! Property is walking distance from downtown shops and restaurants giving residents access to all Rutland has to offer. This is also an excellent opportunity to enter the market ahead of the historic multibillion dollar development taking place around Killington nearby, which is already starting organic appreciation in property values. This property can be also be purchased with additional buildings in the area for someone looking to scale. Listing agent is a member of the LLC that owns the property.

Home Facts

Multi-Family

Built in 1915

Price Summary

214,900

$118 per Sq. Ft.

MLS #:

5005506

Sold:

October 4, 2024


Rooms & Interior

Interior

Living Area:

1,813 Sq. Ft.


Structure

Structure

Building Area:

2,719 Sq. Ft.

Year Built:

1915


Lot

Lot Size (Sq. Ft):

6,970


Finances & Disclosures

Finances

Price:

$214,900

Price per Sq. Ft:

$118 per Sq. Ft.

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Copyright 2026 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 May 3, 2026