RUTLAND CITY, VT - Here is an exceptional investment opportunity with a total of 8 potential income-generating units! This property features a 7-unit multi-family building and an inviting single-family home. Crafted with a mix of brick and wood frame construction, the 7-unit building stands as a testament to enduring quality and timeless appeal. The current owners have experienced significant profits, showcasing the remarkable rental potential of these well-maintained units. The central location of these units provides easy access to bus routes and daily necessities, ensuring effortless commutes and errands for tenants and owners alike. This added advantage enhances the property's overall appeal, addressing the practical needs of residents. What sets this investment apart from the rest is the rarity of finding a property with so many units that consistently yield strong cash flow. The prospect of owning 2 buildings with a total of 8 units is an extraordinary opportunity for astute investors. 14 & 14.5 Cottage Street is a solid investment in Rutland's real estate, offering a total of 8 units that promise enduring construction, a strategic location, and proven profitability. Cap rate over 10% at list price when fully rented! 4 other properties from the same portfolio are also currently listed for sale. Please inquire for further information regarding the other properties. Will not consider creative financing.
Property Details
Property Features
Property Information:
Year Built: 1880
Stories: 2
Living Area: 7,314 SqFt
Listing Office:
Office Name: Real Broker LLC
Office Phone: (802) 613-0729
Listing Agent: Betsy Adamovich
Interior Features
Interior Information:
Basement: Yes
Exterior Features
Parking Information:
Garage Space: 3 spaces
Parking: Driveway, Garage
Lot Features
Lot Information:
Lot Size: 0.26 Acres
Utilities
Utilities Information:
Heating: Baseboard, Hot Water
Cooling: None
Price Information
Listing Price Info
Price Summary:
List Price: $710,000
Price Per SqFt: $97/SqFt
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Housing Market Comparison
See how this home compares to others in Rutland, VT.
Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/27/2024, 6:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Rutland Intermediate School
6365 Library Ave
Distance between this listing and this school0.30 miles
Public District Grades 3-6
2
/10
Proctor Elementary School
14 School St
Distance between this listing and this school4.71 miles
Public District Grades PK-6
9
/10
Killington Elementary School
686 Schoolhouse Rd
Distance between this listing and this school9.59 miles
Public District Grades PK-6
Nearby Schools
1
/10
Rutland Middle School
67 Library Ave
Distance between this listing and this school0.29 miles
Public District Grades 7-8
5
/10
Rutland Town Elementary School
1612 Post Rd
Distance between this listing and this school2.20 miles
Public District Grades PK-8
5
/10
Castleton-Hubbarton Unified School District #42
263 Elementary School Rd
Distance between this listing and this school11.65 miles
Public District Grades PK-8
Nearby Schools
6
/10
Rutland Senior High School
22 Stratton Rd
Distance between this listing and this school1.37 miles
Public District Grades 9-12
3
/10
West Rutland School
713 Main St
Distance between this listing and this school3.73 miles
Public District Grades PK-12
2
/10
Proctor Junior/Senior High School
4 Park St
Distance between this listing and this school4.04 miles
The neighbors living near this home have an average income of $24,487. The majority of Rutland, VT residents have income less than $35k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 14 Cottage St
What is the listing price of this property?
The listing price of 14 Cottage St property is $710,000.
What type of property is this?
The property 14 Cottage St is land located in Rutland City, Vermont, 05701.
Is this property for sale now?
Active Listing: 14 Cottage St is For Sale (Active/New) which means the seller is accepting offers.
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This home is located at 14 Cottage St in Rutland City, VT and zip code 05701. This 7,314 square foot home, which was built in 1880, sits on a 0.26 acre lot. It has been listed on Rocket Homes since March 15, 2024 and is currently priced at $710,000.
Over 5 listings were sold over their listed price in March 2024 in Rutland, VT. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Rutland, VT decreased by 2.8% between February 2024 and March 2024.
From Rocket Homes Real Estate and based on county public records data.
© Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 
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