55 Forest St

Rutland, VT 05701

$137,500
Last Sold Price
2
Beds
1,676 Sq. Ft.
$82 / Sq. Ft.
1,676
Sq. Ft.
$82
per Sq. Ft.

Description

Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway...Don't miss this chance to acquire a high-yield property in Rutland City. Whether you're a seasoned investor or looking to start your real estate portfolio, these buildings offer an excellent opportunity for stable and profitable returns. One building consists of two 3-bedroom 1-bathroom units and the other of two 1 bedroom 1-bathroom units. Heat and electricity are separately metered, minimizing owner expenses as tenants are responsible for their own utilities. The two buildings have a shared driveway as well as off-street parking that is exempt from Rutland City's winter parking ban, providing convenience for tenants year-round. This property has the potential for a 13% cap rate, gross income is based on projected market rates, 2 units are currently vacant leaving a buyer the ability to fill the vacancies with tenants of their choice. Call for a breakdown of the financials and to schedule a showing of this great investment opportunity.
  1. Listed by Hughes Group Team • Casella Real Estate

Sold By Casella Real Estate

Property Details for 55 Forest Street

Zoning
Unknown
LISTING UPDATED: 08/28/2024 05:55 PM

Property Details for 55 Forest Street

StatusClosed
MLS #5011287
Days on Market1
Taxes$4,993 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family
Year Built1900
Lot Size0.07 AC / 3,049 SF
CountyRutland County
Add your commute

Building Information for 55 Forest Street

Stories2Residences2Year Built1900Building Size-Lot Size0.07 AC / 3,049 SF

Payment Calculator

$1,137 per month

30 year fixed, 6.845% Interest

Principal and Interest

$720

Property Taxes

$416

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 55 Forest Street

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.603872307067853
  • Longitude: -72.984293728836064
  • Road Frontage: TBD
  • Seasonal: No
  • State: VT
  • Street Designation: Street
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-17888
  • Tax - Gross Amount: $4,993.24
  • Tax Year: 2024
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Gravel
Property
Lot Information
  • Lot - Sqft: 3049.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.07
  • Square Feet Apx Finished Above Grade: 1676.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 0.0
  • Square Feet Apx Finished BG Source: Plans
  • Square Feet Apx Total: 2514.0
  • Square Feet Apx Total Finished: 1676.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 838.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: Unknown
  • Foundation: Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Other
  • Internet: High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame
  • Features - Exterior: Porch
  • Roads: Paved, Public
  • Roof: Metal, Slate
  • Total Ranges: 2
Interior Features
  • Basement: Yes
  • Basement Access Type: Interior
  • Basement Description: Unfinished
  • Total Full Baths: 2
  • Flooring: Carpet, Laminate, Vinyl, Wood
  • Heat Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Forced Air, Hot Water, Wall Units
  • Cooling: None
  • Total Refrigerators: 2
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Operating Expense Incl: Insurance, Other, Trash, Water/Sewer
  • Operating Expense: $10,031
Multi-Family Information
  • Total Units: 2
  • Total 1 BR Units: 2
  • Total 2 BR Units: 0
  • Total 3+ BR Units: 0
Unit Information
Unit 1
  • Unit 1 Baths: 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Level Number: 1
  • Unit 1 Status: Vacant
  • Unit 1 Rooms: 4
Unit 2
  • Unit 2 Lease Term: Short Term
  • Unit 2 Baths: 1
  • Unit 2 Rooms: 4
  • Unit 2 Status: Leased
  • Unit 2 Level Number: 2
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 1

Property History for 55 Forest Street

DateEvent & SourcePriceAppreciation
Aug 27, 2024

Sold (Public Record)

Public Record #1540000388

$137,500—
Aug 27, 2024

Sold

New England Real Estate Network #5011287

$137,500—
Aug 26, 2024

Active Under Contract

New England Real Estate Network #5011287

—
Aug 26, 2024

Listed (Active)

New England Real Estate Network #5011287

$137,500—
Sep 4, 2012

Sold

New England Real Estate Network #4143643

$50,000—
Mar 27, 2012

Price Change

New England Real Estate Network #4143643

$65,000—
Mar 27, 2012

Listed (Active)

New England Real Estate Network #4143643

$59,900—
Jun 4, 2008

Listed (Active)

New England Real Estate Network #3055887

$114,900—
May 10, 2007

Listed (Active)

New England Real Estate Network #3040190

$110,000—
Apr 28, 2003

Listed (Active)

New England Real Estate Network #3085003

$55,900—
Dec 20, 2002

Listed (Active)

New England Real Estate Network #3081825

$59,900—
DateEvent & SourcePrice
08/27/2024

Sold (Public Record)

Public Record #1540000388

$137,500
08/27/2024

Sold

New England Real Estate Network #5011287

$137,500
08/26/2024

Active Under Contract

New England Real Estate Network #5011287

—
08/26/2024

Listed (Active)

New England Real Estate Network #5011287

$137,500
09/04/2012

Sold

New England Real Estate Network #4143643

$50,000
03/27/2012

Price Change

New England Real Estate Network #4143643

$65,000
03/27/2012

Listed (Active)

New England Real Estate Network #4143643

$59,900
06/04/2008

Listed (Active)

New England Real Estate Network #3055887

$114,900
05/10/2007

Listed (Active)

New England Real Estate Network #3040190

$110,000
04/28/2003

Listed (Active)

New England Real Estate Network #3085003

$55,900
12/20/2002

Listed (Active)

New England Real Estate Network #3081825

$59,900

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

Public Records for 55 Forest Street

Taxable ValueLand$28,200Additions$44,700Total$72,900
Home Facts
Beds0Lot Size3,049 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 17888

Schools near 55 Forest 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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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 Casella Real Estate

Copyright 2025 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 07/29/2025 09:21 AM