$279,000
UNDER CONTRACT

166 State St Rutland, VT 05701

Estimated payment $1,837/month

Total Views 5,128
5 Beds
5 Baths
2,700 Sq Ft
$103 Price per Sq Ft

About This Home

Investor Opportunity in Rutland City! 166 State Street is a 5-unit multifamily property with a strong rental history and solid numbers. With a gross annual income of $54,000 and expenses currently at $24,552, this property nets $29,448 annually—offering a 10.55% cap rate at the asking price. Rents are currently below market, presenting immediate potential for increased returns. Expenses could also be streamlined for even better performance. Whether you're looking to expand your portfolio or dive into multi-unit investing, this one is well worth a look. Motivated seller—bring your offers and let’s make a deal!

Listing Agent

Betsy Adamovich

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1910

Parking

  • Gravel Driveway

Home Design

  • Wood Frame Construction
  • Slate Roof

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Bathrooms

Utilities

  • Baseboard Heating

Additional Features

  • Basement

Community Details

  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1910
  • Architectural Style: Multi-Family
  • Road Frontage Type: Paved, Public
  • MLS Status: (31) Under Contract - Active Under Contract
  • Above Grade Finished Sq Ft: 2100.0
  • Unit Levels: Two
  • Special Features: UnderContract
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 5
  • Basement: Partially Finished
  • Basement YN: Yes
  • Below Grade Sq Ft: 600.0

Exterior Features

  • Driveway: Gravel
  • Roof: Slate
  • Construction Type: Wood Frame
  • Foundation Details: Stone

Garage/Parking

  • Attached Garage: No

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Baseboard
  • Cooling: None
  • Utilities: Cable Available, Phone Available
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: industrial
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9148.0

Multi Family

  • Gross Income: 54000.0
  • Number Of Units Total: 5
  • Net Operating Income: 29448.0

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 5412.4

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 For Sale $279,000 -- $103 / Sq Ft
Source: PrimeMLS

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Source: PrimeMLS

MLS Number: 5036190

PrimeMLS

Vermont Rutland County Rutland 05701

166 State St, Rutland, VT

Homes for Sale in Rutland, VT

This home is located at 166 State St, Rutland, VT 05701 and is currently priced at $279,000, approximately $103 per square foot. This property was built in 1910. 166 State St is a home located in Rutland County with nearby schools including Rutland Intermediate School, Rutland Middle School, and Rutland Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

PrimeMLS Copyright 2025 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display 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.

Betsy Adamovich
Listing Agent
Betsy Adamovich
Section Image
Real Broker LLC
(802) 566-5840