997 US Route 4 E Rutland Town, VT 05701
Property details
About 997 US Route 4 E
Net operating income of over $113,000 (see attachment)! At the list price, the property generates a turnkey cap rate of ~9%. The owners live out of state and manage the property remotely. This multi-family consists of five units located on a well-manicured 2-acre parcel in peaceful Rutland Town. Property is equipped with smart locks and security cameras for seamless remote monitoring. The main house includes two units, unit A with four bedrooms / one bathroom, and unit B with two bedrooms / one bathroom. The units in the duplex in the center of the property feature one bedroom / one bathroom and full kitchens with compact W/D. The cottage features a lofted bed / one bathroom with micro-kitchen. The entire property was renovated / remodeled between 2022 and 2023 with quality materials and workmanship. All units are currently rented under long-term leases by quality tenants that have been fully vetted. The 2-acre property includes a large barn with three bays of storage and ample parking. Minutes from all the action and upcoming multi-billion-dollar investments in Killington and Pico. PLEASE DO NOT DISTURB TENANTS!
Highlights
Summary
- MLS Number: 5030340
- Office Name: Derek Greene
- Office Phone: (860) 560-1006
- Office Email: office@thegreenerealtygroup.com
- Listing Agent: Derek Greene
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Housing Market Reports are calculated by Rocket Homes Real Estate, LLC and based on information from the MLS.
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Last updated on: 3/14/2025, 2:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,275,000
997 US Route 4 E
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Price information
Property sales
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Tax history
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Nearby schools
2
Rutland Intermediate School
Public District 3-6
2.2 mi
•63-65 Library Avenue
3
Clarendon Elementary School
Public District PK-6
4.9 mi
•84 Grange Hall Rd
7
Lothrop Elementary School
Public District PK-6
6.4 mi
•3447 US Route 7
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,851. Residents of Rutland Town, VT typically earn between $35k-100k each year. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
Figure Skating
NASCAR
Where do the neighbors shop?
Dillards
Dick's Sporting Goods
Wal-Mart
Where do the neighbors go to eat?
Cracker Barrel
Texas Roadhouse
Hardee's
What do the neighbors drive?
Cadillac
Subaru
Ram
What do the neighbors listen to?
News/Talk/Information
New Country
Classic Country
Frequently asked questions
About 997 US Route 4 E
This home is located at 997 US Route 4 E in Rutland Town, VT and zip code 05701. This 5,000 square foot home, which was built in 1850, sits on a 2.00 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $1,275,000.
The inventory of homes for sale in Rutland Town, VT between January and February 2025 increased by 41.9%. While the average time on the market in February 2025 was 86 days, the median list price was $367,500.