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Dino Amato

dinoamato@vacationhome.group +1(603) 275-1191

Listed by Nancy Greenwood • Watson Realty & Associates

$ 499,000

Est. payment -/mo

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40 South Main ST Rutland City, VT 05701

5 Beds

4 Baths

3,800 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,800 sqft

Price per Sqft $131

MLS Listing ID 5097369

Bedrooms 5

Full Baths 4

Construction Status Existing

Year Built 1900

Annual Tax Amount $6,876

Tax Year 2026

Lot Size 8,276 Sqft

Acres 0.19

Property Description

Investors, take note: here's a four unit multi-family property that pairs steady rental income with a prime uptown Rutland location—a 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 reach—a genuine selling point that keeps renters interested and leases signed. The bus also transports to Killington Ski area!

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning RESD 1

Rooms

Basement Entrance Walk-up

Basement Concrete, Interior Stairs, Unfinished, Interior Access

Interior

Cooling Mini Split

Exterior

Garage Spaces 2.0

Utilities Available Cable Available

Roof Type Slate

Building

Story 2

Sewer Public

Architectural Style Colonial

Construction Status Existing

Schools

Elementary Schools Rutland Northeast Primary Sch

Middle Schools Rutland Middle School

High Schools Rutland Senior High School

School District Rutland City School District

Dino Amato

Agent | License ID: 074550

+1(603) 275-1191

Dino Amato

40 South Main ST Rutland City, VT 05701

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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40 South Main ST