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Monthly Estimate*
$ 3,151
Investors, take note: here's a four unit multi-family property that pairs steady rental income with a prime uptown Rutland locationâa 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 reachâa genuine selling point that keeps renters interested and leases signed. The bus also transports to Killington Ski area!
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40 South Main Street, Rutland City, VT, 05701 is a Multi-Family Home for sale at $499,000 with 3,800 sqft and a lot size of 0.19. 40 South Main Street has 5 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 05701 which is in Rutland City, VT
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