$300,000
 $1,610 est/mo Sourced by Back At You

135 Grove Street,Rutland City, VT 05701

Rutland City, VT 05701

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Description

Bring your vision and toolsthis massive property is ready for transformation. Once a 23-room boarding house, this impressive structure has been partially converted into a 4-5 unit multifamily building, with each unit designed to have 4+ bedrooms when complete. One of the units has been thoughtfully designed to meet ADA requirements. The groundwork has been laid, but there's still a long way to gothis is a true project for investors, developers, or ambitious owner-occupants. Previously permitted for 4 units, the city has indicated a 5th unit may be possible, and the sheer size of the building leaves room for even more (with proper permitting). Situated on a large lot with ample parking, this property offers endless potential for someone ready to roll up their sleeves and finish what’s been started. This property is best suited as a cash sale or possibly a rehab/construction loan.

Details

MLS #5038723
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
Status(10) Active - Active
Year1900
Days On Site79
Listing Provided ByReal Broker LLC | Betsy Adamovich

Features

BasementY
Story(s)2
Units5
ZoningMR-1
Acreage0.31

Interior

CoolingNone
HeatingOil, Forced Air

Exterior

RoofShingle, Slate
Construction MaterialsWood Frame, Wood Exterior
Foundation DetailsBrick/Mortar, Concrete, Stone
Lot FeaturesLevel, Sidewalks, In Town, Near Shopping, Neighborhood, Near Public Transit, Near School(s)

Parking

Garage Yes / NoNo

Utilities

UtilitiesNone
Electric200+ Amp Service, Circuit Breakers
SewerPublic Sewer

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Learn More About This Property

StateVT
CountyRutland
CityRutland City
Zip Code05701
AreaVT Rutland
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $225K - $375K
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
52 Kingsley Avenue Property Photo 1
$285,000
52 Kingsley Avenue
Rutland City, VT 05701
Listing Updated: July 17, 2025 at 9:41:02 AM PDT