Fair Haven, VT | 33 River Street

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.

This versatile two-unit mixed use building in a prime Castleton location offers a rare opportunity for both investors and owner occupants. Currently it is a one bedroom apartment with an additional commercial space, but with approval from the town, the property could be converted into a residential multi family, featuring a one-bedroom, one bathroom apartment and a spacious two-bedroom, one-and-a-half-bathroom apartment. The finished basement space provides plenty of storage, making it ideal for tenants or personal use. If you prefer to maintain the property as mixed use, the commercial space is full of potential. Its flexible layout lends itself perfectly to a wide variety of businesses whether you envision it as an office, hair salon, daycare, or another professional use. Located in a prime Castleton location, this property combines visibility, convenience, and long-term potential. Whether you’re looking to expand your investment portfolio or create a home and business space all in one, this is a unique opportunity you won’t want to miss.

Offering flexibility for both owner-occupants and investors, this updated Fair Haven duplex features two spacious 2-bedroom, 1-bath units with strong rental potential. Both units have undergone thoughtful renovations and offer comfortable, functional living spaces, while tenants currently pay for heat, electric, and internet. For an owner-occupant, the property presents an excellent opportunity to live in one unit while rental income from the other helps offset monthly housing expenses. Investors can benefit from an established two-unit property with many improvements already completed. For buyers looking for more space for themselves, the property also offers the potential to be converted back into a single-family residence with 4 bedrooms and 2 baths. Low-maintenance vinyl siding and vinyl windows help simplify exterior upkeep, and connection to town water and sewer means no private well or septic system to maintain. Conveniently located in Fair Haven, this property offers updated living spaces, income potential, and multiple possibilities for its next owner. Whether you're looking to reduce your own housing costs, add a multi-family property to your portfolio, or create a spacious single-family home, this property gives you options.