Rutland
4988 Route 4
Listed by: Jacob Pluta, Blue Ridge Real Estate, Selling Office: Blue Ridge Real Estate, Listing Courtesy of Prime MLS
$115,000
●
House -
Off Market
4988 Route 4
Killington, VT 05751
2 Beds
4 Baths,
3
Half Baths
4,600 Ft²
$277,235
RealtyHop Estimate
84.82%
Since Mar 1, 2015
National-US
Primary Model
About This Property
Antique Farmhouse on 4.5 acres in Kilington, VT! Roughly 8 miles
from Killington Resort. Amazing opportunity to renovate this
gorgeous farmhouse with preserved period detail. Priced to SELL.
Sold AS IS and WHERE IS. Building is winterized and needs a new
heat source; furnace flooded in Tropical Storm Irene in 2011.
Currently configured as a restaurant with owners apartment on the
second floor.
Unit Size
4,600 Ft²
Days on Market
-
Land Size
4.50 acres
Price per sqft
$33
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
-
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Prime MLS #4393178)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 22, 2022 | Sold | ||
| Sold | |||
| Dec 28, 2021 | Listed by Killington Pico Realty | $325,000 | |
| Listed by Killington Pico Realty | |||
| | |||
|
This building was the home of the renowned Hemingway's Restaurant founded in 1982. The restaurant owners retired and decided to close the restaurant and pursue other interests. The restaurant did change ownership a few times since, however, it does remain closed to this day. This high traffic location along route 4 is an ideal spot to start a business of your choice in Killington and includes a large lighted parking area on a 4.5 acre lot. There is an office area and 2-bedroom apartment with newer hardwood floors above the restaurant. Restore and use it as a business, primary residence, or both. Call today to set up a time to view it.
| |||
| Feb 13, 2015 | Sold | ||
| Sold | |||
| Nov 12, 2014 | Listed by Blue Ridge Real Estate | $150,000 | |
| Listed by Blue Ridge Real Estate | |||
| Sep 30, 2014 | Listed by Blue Ridge Real Estate | $150,000 | |
| Listed by Blue Ridge Real Estate | |||
| | |||
|
Property sits on 4.5 acre lot with 450ft of road frontage in Town of Killington.Restaurant area has a gorgeous bar, a central dining area with fireplace, a brick floored garden room with brick hearth, a main dining area with two chandeliers, an outside brick patio, a commercial kitchen with equipment, and a waiting nook with 3 restrooms. Timeless details include hand carved butternut wood accents, multiple stone hearths, and elegant brickwork.Residential Potential; Subdivision Potential; High Traffic Visibility. Bonus Apartment above Restaurant.Property Sold AS-IS. Disclosure: One of Sellers is Licensed VT Real Estate Broker
| |||
Property Highlights
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Rutland
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Listed by: Jacob Pluta, Blue Ridge Real Estate
Last Checked: 4 hours ago
Data Source: Prime MLS, MLS# 4393178
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Checked: 4 hours ago
Data Source: Prime MLS, MLS# 4393178
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