About this home
Investment Opportunity!! Just outside the campus of Vermont State University this 2-unit multi-family property brings multiple options to consider. Situated on almost a one acre level lot with fencing on three sides this property offers privacy along with convenience. Each unit features 3 bedrooms and 1 bathroom. Current leases in place through May 2027. Easy proximity to everything Rutland County has to offer for all four seasons - Lake Bomoseen, Killington and Pico. Walking distance to downtown Castleton for restaurants and amenities. Detailed financials available.
Listing last checked: Listing updated:
Listed by Nancy Liberatore · Lakes & Homes Real Estate · MLS #5092323
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Details at a glance
Interior3 property facts
- Heating
- Baseboard, Hot Water, Zoned, Propane
- Cooling
- None
- Basement
- Yes · Interior Stairs
Building3 property facts
- Style
- Multi Family
- Year built
- 1880
- Roof
- Slate
Land & utilities5 property facts
- Lot size
- 0.9 acres
- Water
- Public
- Sewer
- Public Sewer
- Pool
- Not reported
- Zoning
- R2
Financial2 property facts
- Annual taxes
- $3,302
- Assessment year
- 2026
Location
Estimated monthly cost
Explore costs at the $275,000 asking price. Adjust the assumptions to your situation.
Known monthly costs$1,666 / monthAdjust
- Principal & interest
- $1,391
- Property tax
- $275
- Insurance
- Not entered
- HOA
- Not entered
Listing annual taxes: $3,302. Initial monthly tax is one twelfth of that amount. HOA amount was not supplied.
Partial estimate: add insurance, monthly HOA to include those costs. Blank amounts are unknown.
The initial 6.5% rate is illustrative, not a current rate or lender quote. Excludes utilities, maintenance, closing costs and mortgage insurance, which may apply with a down payment below 20%. Taxes and insurance can change.
More property insights
Photo-based condition insights
Overall presentation: below average
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About 589 South Street
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Yes. We can discuss condition, comparable sales, offer strategy and the questions worth asking before you decide whether to proceed.
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