40 South Main Street Rutland City, VT $ 499,000
40 South Main Street
$ 499,000
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40 South Main Street

Rutland City, VT, 05701
$ 499,000
Bedrooms5 Baths4.0 Sq 3,800

Monthly Estimate*

$ 3,151

Listed by Nancy Greenwood, Watson Realty & Associates, 802-773-3500, nancyg.vthomes@gmail.com
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Multi-Family Home for sale in Rutland City, VT for $499,000 with 5 bedrooms and 4 full baths. This 3,800 square foot home was built in 1900 on a lot size of 0.19.

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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Multi-Family Active

Price

$ 499,000

Bedrooms

5

Full Bath

4

Property Type

Multi-Family

Taxes

$ 0

Style

Colonial

Lot Size

0.19

Year Built

1900

Town/City

Rutland City

County/Region

RUTLAND

MLS | Web ID

5097369

Features
Interior
Basement Description Concrete Interior Stairs Unfinished Interior Access
Basement Yes
Total Number of Units 4
Unit 4 Bedrooms 1
Total Full Baths 4
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General
Road Frontage Yes
Sewer Public
Heating Oil Baseboard Electric Heat Pump
Cooling Mini Split
Utilities Cable Available
Roof Slate
Garage Yes
Flood Zone No
Zoning RESD 1
Year Built 1900
Electric Circuit Breaker(s)
Style Colonial
Stories Count 2
Property Condition Existing
Tax Year 2026
Status Detail 0
Covenants Unknown
Construction Materials Wood Frame Vinyl Siding
Directions North Main Street. Property is located between Spellman Terrace and E Washington St.
High School Rutland Senior High School
City Rutland City
School District Rutland City School District
Seasonal No
Elementary School Rutland Northeast Primary Sch
Middle School Rutland Middle School
DOM 47
Price Per Sq Ft Total AG 131.32
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Exterior
Lot Features City Lot Mountain View Sidewalks Street Lights Near Shopping Near Skiing Near Public Transport Near Hospital
Exterior Amenities Balcony Deck Partial Fence Natural Shade
Driveway Paved
Lot Size Area 0.19
Water Source Public
Garage Capacity 2
Foundation Other
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* Excluded Features
List By
Nancy Greenwood

Listing Agent

Watson Realty & Associates

Broker

(802) 773-3500

Phone

nancyg.vthomes@gmail.com

Email

Affordability Calculator

$3,151
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,151
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1784046 Elementary School
4693150 Middle School
Rutland Senior High School High School
Pricing History
DatePricePrice ChangeDescription
6/30/2026$499,000 Listed Price

Map


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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