Multi-Family $ 300,000

135 Grove ST

Rutland City, VT 05701

  • 0.31 Lot Size
  • 1900 Year Built
Bring your vision and tools—this 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 go—this 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.
Listed by Betsy Adamovich of Real Broker LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID 5038723

    Construction Status Existing

    Year Built 1900

    Lot Size 0.310 Acres

    Acres 0.31

  • Location

    State VT

    County Vt-rutland

    Area Vt-Rutland

    Zoning MR-1

  • Rooms

    Basement Entrance Interior

    Basement Unfinished

  • Building

    Story 2

    Foundation Brick, Concrete, Stone

    Sewer Public

    Architectural Style Multi-Family

    Construction Status Existing

  • Interior

    Cooling None

  • Exterior

    Utilities Available None

    Roof Type Shingle,Slate

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CONTACT

Betsy Adamovich
Betsy Adamovich

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