Bought with Melissa J Loughan • Westside Real Estate
$449,000
$449,000
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2 Jackson Ave & 94 South Main ST Rutland City, VT 05701
8 Beds
5 Baths
4,460 SqFt
Key Details
Sold Price $449,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,460 sqft
Price per Sqft $100
MLS Listing ID 5080310
Sold Date 05/29/26
Bedrooms 8
Full Baths 5
Construction Status Existing
Year Built 1880
Annual Tax Amount $6,757
Tax Year 2025
Lot Size 10,454 Sqft
Acres 0.24
Property Description
A RARE TWO-BUILDING INVESTMENT & LIFESTYLE OPPORTUNITY IN THE HEART OF RUTLAND! Situated on a single .24-acre city lot, 2 Jackson Avenue and 94 South Main Street, being sold together, offer a unique blend of strong income potential and flexible living options. Whether you're an investor seeking solid cash flow, an owner-occupant looking to offset your mortgage, or someone dreaming of a seasonal Vermont retreat with income in place—this property delivers. The fully renovated single-family home at 94 South Main Street features 4 bedrooms and 2 baths with extensive updates including windows, doors, kitchen, bath, flooring, and appliances. The adjacent multi-family at 2 Jackson Avenue offers three recently renovated apartments with updated finishes throughout. With tenants in the single family property paying all utilities—including heat, electric, water/sewer, and internet—overall expenses stay low and returns stay strong, currently generating $47,599 in net income. Major capital improvements for added peace of mind include newer: roofs (2018), boilers (2019), oil tanks (2019), updated windows (2018–2020), plus added gutters and a replaced deck. Live in one unit and let the others pay your way, or enjoy a seasonal getaway while your investment works year-round. Conveniently located just minutes to Rutland Regional Medical Center, downtown dining, shopping, and only blocks to White's Pool and Recreation Park. Also only minutes from world class skiing at Killington/Pico Resorts. Burlington and Albany Airports are less than 2hours away. Turnkey, well-maintained, and income-producing—this is Vermont living with built-in financial upside.
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning RESD 1
Rooms
Basement Entrance Walk-up
Basement Concrete Floor, Gravel, Interior Stairs, Storage Space, Unfinished
Interior
Cooling None
Flooring Carpet, Combination, Hardwood, Laminate, Vinyl Plank
Exterior
Utilities Available Cable Available, Telephone Available
Roof Type Shingle
Building
Story 2
Sewer Public
Architectural Style Farmhouse, Multi-Family
Construction Status Existing
Schools
Elementary Schools Rutland Northeast Primary Sch
Middle Schools Rutland Intermediate School
High Schools Rutland Senior High School
School District Rutland City School District
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