List Price: $275,000 | $138 per sq.ft. Multi Family
Price Change! Reduced by $44,900 down 16% on August 18th 2026
A 2 Unit Multi Family Home
With 0 One Bedroom Units , 0 - Two Bedroom Units ,2 - Three Bedroom Units
Date Listed Tuesday Jun 2, 2026 | MLS# 5092323



Address: 589 South Street Castleton VT
Listed by Nancy Liberatore Lakes & Homes Real Estate
Description:
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. Operating Expenses : Heat,Insurance,Maintenance,Snow Removal,Trash,Utilities,Water/Sewer
Annual Expenses

Taxes: $3,302
Income
Gross Income | $47,060
NetIncome | $31,868

Construction: Wood Frame
Year Built: 1880
Style: Colonial
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 3800
Above Grade Sq.Ft.: 2000
Basement: Interior Stairs
Exterior Color: White
Roof: Slate
Seasonal: No
Heating: Propane | Baseboard | Hot Water | Multi Zone
Cooling: None
Electric: 150 Amp Service
Utilities: Cable
Electric Meters: 2
Water: Public
Sewer: Public
Land Information
Level
Lot size: 0.9 acres
Zoned: R2)
Surveyed: Unk
Flood Zone: No
Road Frontage: 151
Driveway: Gravel
Additional Information
Easement - Unknown
Taxes $3,302
Assesed Value Not Reported
Schools
School District: Slate Valley Unified School Di
Elementary School: Castleton Elementary School
Middle School: Fair Haven Grade School
High School: Fair Haven UHSD #16

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