40 South Main Street, Rutland, VT 05701
Local realty services provided by:ERA Key Realty Services
40 South Main Street,Rutland City, VT 05701
$499,000
- 5 Beds
- 4 Baths
- 3,800 sq. ft.
- Multi-family
- Active
Listed by: nancy greenwood, max walker
Office: watson realty & associates802-773-3500
MLS#:5097369
Source:PrimeMLS
Price summary
- Price:$499,000
- Price per sq. ft.:$93.45
About this home
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!...
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Home facts
- Year built:1900
- Listing ID #:5097369
- Added:96 day(s) ago
- Updated:October 05, 2026 at 10:59 AM
Rooms and interior
- Bedrooms:5
- Total bathrooms:4
- Full bathrooms:4
- Basement Description:Concrete, Interior Access, Unfinished, Walk-up
- Living area:3,800 sq. ft.
Heating and cooling
- Cooling:Mini Split
- Heating:Baseboard, Electric, Heat Pump, Oil
Structure and exterior
- Roof:Slate
- Year built:1900
- Building area:3,800 sq. ft.
- Lot area:0.19 Acres
- Levels:2 Story
Schools
- High school:Rutland Senior High School
- Middle school:Rutland Middle School
- Elementary school:Rutland Northeast Primary Sch
Utilities
- Sewer:Public Available
Finances and disclosures
- Price:$499,000
- Price per sq. ft.:$93.45
- Tax amount:$6,876 (2026)
Features and amenities
- Amenities:Circuit Breaker(s)
Parking
- Parking description:Paved Driveway
- Garage spaces:2
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