40 South Main Street,Rutland City, VT 05701
Rutland City, VT 05701
Description
Investors, take note: here's a four unit multi-family property that pairs steady rental income with a prime uptown Rutland locationa combination savvy buyers rarely stumble upon. Built for performance, this well-maintained solid building features separate utilities across its units, meaning tenants cover their own usage and you sidestep the headache of dividing bills every month. The first floor spacious apartment also has use of the two car attached garage, three bedrooms and one level living. The second floor consist of (2) one bedroom units and a studio apartment with a private balcony. The fourth unit offers an abundance of natural light with built-in bookcases, a skylight and it's own access to a private garden at the back of the building. This layout accommodates multiple households comfortably, keeping occupancy strong and vacancies short.Whether you're an experienced landlord expanding your portfolio or a first-time investor dipping a toe into rental ownership, this property checks the practical boxes. The care that previous owners and the current owner has poured into upkeep shows, sparing you the surprise expenses that often plague older buildings. Simply put, it's ready to generate returns from the moment you collect the keys with a great rental history. Some newer heat pumps have been added for energy efficient heating. Location only sweetens the proposition. Tenants enjoy close proximity to Main Street Park, a pleasant green pocket perfect for lunch breaks and weekend lounging. Daily errands stay effortless with Shopping Plaza Road just minutes away, while Marble Valley Regional Transit puts car-free commuting within easy reacha genuine selling point that keeps renters interested and leases signed. The bus also transports to Killington Ski area!
Details
| MLS # | 5097369 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | (10) Active - Active |
| Year | 1900 |
| Days On Site | 52 |
| Listing Provided By | Watson Realty & Associates | Nancy Greenwood |
Features
| Garage | 2 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Zoning | RESD 1 |
| Acreage | 0.19 |
Interior
| Rooms Total | 0 |
|---|---|
| Cooling | Mini Split |
| Heating | Oil, Baseboard, Electric, Heat Pump |
Exterior
| Exterior Features | Balcony, Deck, Partial Fence, Natural Shade |
|---|---|
| Roof | Slate |
| Construction Materials | Wood Frame, Vinyl Siding |
| Foundation Details | Other |
| Lot Features | City Lot, Mountain View, Sidewalks, Street Lights, Near Shopping, Near Skiing, Near Public Transit, Near Hospital |
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Utilities | Cable Available |
|---|---|
| Electric | Circuit Breakers |
| Sewer | Public Sewer |
Taxes
| Tax Annual Amount | 6876.12 |
|---|---|
| Tax Year | 2026 |
Area Information
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Rutland Northeast Primary Sch |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $499,000 low | high Med: $101,899 On site: 52 low | high Med: 408 | |
Market Activity 05701
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Learn More About This Property
| State | VT |
|---|---|
| County | Rutland |
| City | Rutland City |
| Zip Code | 05701 |
| Area | VT Rutland |
| School District | Rutland City School District |
| Elementary School | Rutland Northeast Primary Sch |
| High School | Rutland Senior High School |
| Listing VS Median (in 05701) | |
Price: $499,000 low | high Med: $101,899 On site: 52 low | high Med: 408 | |
