40 Cottage St Rutland, VT 05701
Estimated payment $1,770/month
Total Views
757
6
Beds
4
Baths
4,480
Sq Ft
$60
Price per Sq Ft
About This Home
Exceptional Investment Opportunity: A Renovated Multi-Family Property with Owner-Occupancy Potential.
Seize this outstanding opportunity to acquire a well maintained multi-family property, free from "deferred maintenance" and poised for immediate returns. Fully updated within the last 14 years, including vinyl siding and windows, shingle roof (2014), Buderus boiler (2017), and new oil tank (2020), ensuring long-term durability and reduced upkeep costs.
Solid Rental History demonstrating consistent occupancy with below-market rents, presenting an opportunity for increased revenue.
Conveniently situated near downtown, offering tenants easy access to public transportation, schools, area recreations, shopping, and entertainment.
One unit is currently vacant, providing an excellent opportunity for an owner-occupant. Its prime location and comprehensive updates make it a turnkey solution for investors seeking a low-maintenance addition to their portfolio.
The below-market rents present an opportunity to enhance cash flow through strategic adjustments.
A minimum of 48 hours' notice is required for showings. Don't miss out on this must-see investment property that combines recent updates with significant income potential. Delayed Showings. Showings begin Monday April 14th.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1909
Parking
- Gravel Driveway
Home Design
- Shingle Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Bathrooms
Schools
- Northwest Primary Elementary School
- Rutland Intermediate School
- Rutland Senior High School
Utilities
- Hot Water Heating System
Additional Features
- Basement
Community Details
- Gross Income $55,200
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | -- | $135,600 | $40,600 | $95,000 |
| 2022 | $4,682 | $135,600 | $40,600 | $95,000 |
| 2021 | $4,741 | $135,600 | $40,600 | $95,000 |
| 2020 | $4,699 | $135,600 | $40,600 | $95,000 |
| 2019 | $4,583 | $135,600 | $40,600 | $95,000 |
| 2018 | $4,590 | $135,600 | $40,600 | $95,000 |
| 2017 | $4,273 | $135,600 | $40,600 | $95,000 |
| 2016 | $4,259 | $135,600 | $40,600 | $95,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/19/2025 04/19/25 | For Sale | $269,000 | 0.0% | $60 / Sq Ft |
| 04/12/2025 04/12/25 | Off Market | $269,000 | -- | -- |
| 04/11/2025 04/11/25 | For Sale | $269,000 | -- | $60 / Sq Ft |
Source: PrimeMLS
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $154,500 | -- |
Source: Public Records
Similar Home in Rutland, VT
Source: PrimeMLS
MLS Number: 5035840
APN: 540-170-12689
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