166 State Street

Rutland, VT 05701

$299,500
Price
7
Beds
5
Baths
3,018 Sq. Ft.
$99 / Sq. Ft.
3,018
Sq. Ft.
$99
per Sq. Ft.

Description

Great investment opportunity, 5 rental units,3 one bedroom and 2 two bedrooms on a lot with plenty of parking , gross yearly income is $54,000 with potential for more, expenses $ 22418, net yearly income is just over $31K rents are somewhat bellow market value, low expenses this building has been maintained well.Great investment opportunity, 5 rental units,3 one bedroom and 2 two bedrooms on a lot with plenty of parking , gross yearly income is $54,000 with potential for more, expenses $ 22418, net yearly income is just over $31K rents are somewhat bellow market value, low expenses this building has been maintained well.
  1. Listed by Mike Kalil • Watson Realty & Associates

Property Details for 166 State Street

Zoning
Residential
LISTING UPDATED: 11/07/2024 03:00 PM

Property Details for 166 State Street

StatusActive
MLS #5006121
Days on Market149
Taxes$4,979 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1910
Lot Size0.21 AC / 9,147 SF
CountyRutland County

Building Information for 166 State Street

Stories2Residences5Year Built1910Building Size-Lot Size0.21 AC / 9,147 SF

Property Information for 166 State Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.608550073676000
  • Longitude: -72.988555542327873
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-12666
  • Tax Year: 2024
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 9148.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.21
  • Road Frontage Length: 52.0
  • Square Feet Apx Finished Above Grade: 3018.0
  • Square Feet Apx Finished AG Source: Owner
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Total: 3218.0
  • Square Feet Apx Total Finished: 3018.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished Below Grade: 200.0
  • Square Feet Apx Unfinished BG Source: Owner
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Yes
  • Foundation: Marble, Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1910
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable, Phone
  • Internet: High Speed Intrnt -Avail, Internet - Cable
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Roads: Public
  • Roof: Slate
  • Total Ranges: 5
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Apartments, Walkout
  • Total Full Baths: 5
  • Heat Fuel: Oil
  • Heating: Baseboard, Radiator
  • Cooling: None
  • Total Refrigerators: 5
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $5,400.00
  • Net Income: $31,582.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Snow Removal, Trash, Water/Sewer
  • Operating Expense: $22,418
Multi-Family Information
  • Total Units: 5
  • Total 1 BR Units: 3
  • Total 2 BR Units: 2
  • Total 3+ BR Units: 0
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Lease Term: Month to Month
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Leased
  • Unit 1 Rental Amount: $800.00
Unit 2
  • Unit 2 Lease Term: Month to Month
  • Unit 2 Baths: 1
  • Unit 2 Status: Leased
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1
  • Unit 2 Rental Amount: $800.00
Unit 3
  • Unit 3 Lease Term: Month to Month
  • Unit 3 Baths: 1
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Status: Leased
  • Unit 3 Bedrooms: 2
  • Unit 3 Rental Amount: $1,200.00
Unit 4
  • Unit 4 Lease Term: Month to Month
  • Unit 4 Rental Amt Freq: Monthly
  • Unit 4 Baths: 1
  • Unit 4 Bedrooms: 1
  • Unit 4 Status: Leased
  • Unit 4 Rental Amount: $900.00
Unit 5
  • Unit 5 Rental Agreement: Yes
  • Unit 5 Rental Amt Freq: Monthly
  • Unit 5 Status: Leased
  • Unit 5 Baths: 1
  • Unit 5 Bedrooms: 1
  • Unit 5 Lease Term: Month to Month
  • Unit 5 Rental Amount: $800.00

Property History for 166 State Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 166 State Street

Taxable ValueLand$66,400Additions$73,300Total$139,700
Home Facts
Lot Size9,148 SqFtStyleMulti-Family Res (5+ Units)CountyRUTLANDAPN(170) 12666

Schools near 166 State Street

This home is within Rutland City School District.
Rating
School
Type
Grades
Distance
Public - 3 to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Rutland Northwest School
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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166 State Street is a multi-family home for sale in Rutland, VT 05701. This property was listed for sale on July 22, 2024 by Watson Realty & Associates, it's currently listed at $299,500. It has been on the market for a total of 149 days and was last sold on October 21, 2008. This listing's school district is Rutland City School District. Nearby schools include Rutland Intermediate School, Rutland Middle School and Rutland Senior High School. 166 State Street is a 7-bed, 5-bath, 3,018 sqft multi-family home built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Watson Realty & Associates

Copyright 2024 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/18/2024 04:10 AM