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$287,500   Price Analysis
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1115 Route 4A W
Castleton, VT 05735
Unknown bed 3 bath 6,884 SqFt ($41/SqFt)
2.02 acre lot. Built 1890
Listed 2023-10-16
USDA Eligible
near Castleton, VT
 Restrictions may apply
due to home size

Discover an exceptional investment opportunity with this versatile 4-unit multiuse building.

This property features a strategic mix of two vast offices and 2 two-bedroom open-concept apartments, providing a diverse range of potential income streams. Unlock the full potential of this property with the possibility to convert the existing office space into additional apartments, enhancing rental income and maximizing return on investment. The finished space in the basement offers even more possibilities, whether utilized as a studio, office or transformed into an extra apartment.

1.21 acres of the property are leased to the Town of Castleton through Jun of 2086 for an annual amount of $1. The purpose of this lease is for a community recreation area, no structures may be built on the property. Don't miss the chance to own a property that not offers immediate revenue but also provides strategic options for future growth. Call today to schedu le a viewing and explore the unlimited possibilities this multiuse building presents. Building is on the National Register of Historic Places.


Presented by Hughes Group Team at
Casella Real Estate.
Listing Agent Photo

Property MLS #4974336 from PrimeMLS

Water Heater Electric

Cooling Features: Central AC
Heating Features: Baseboard, Forced Air, Hot Water
Heating Fuel: Oil

Full Bathrooms: 3

Basement Description: Basement Description: Partially Finished, Basement: Yes

Driveway: Gravel

Lot Size Acres: 2.0199955
Lot Size Square Feet: 87991

Roads: Paved, Public

Number of Units: 4

Annual Tax Amount: 7330.64
Source Listing Status: Active
County: VT-Rutland
Tax Year: 2023
Source Property Type: Multi-Family
Zoning: commercial
Source System Name: C2C

Price Changed 2024-04-12
$287,500
PrimeMLS
Relisted 2024-04-04
$299,000
PrimeMLS
Listing removed 2024-04-01
$0
PrimeMLS
Listed 2023-10-16
$299,000
PrimeMLS

Total Square Feet Living: 6884
Year Built: 1890
Above Grade Finished Area: 6449
BelowGradeFinishedArea: 435
Below Grade Unfinished Area: 435
Construction Materials: Wood Frame, Wood Siding
Foundation Details: Stone
Property Age: 134
Property Condition: Existing
Roof: Slate
Levels or Stories: 2
Total Area Sqft: 7319

Electric: Circuit Breaker(s)
Sewer: Public
Water Source: Drilled Well

Castleton Elementary School is a public elementary school located approximately 1.3 miles away.
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Fair Haven Uhsd #16 is a public high school located approximately 2.1 miles away.
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Castleton Village School is a public middle school located approximately 2.6 miles away.
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Roots and Wings Academy is a private elementary and middle school located approximately 4.1 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.