New

$499,000

For Sale

5 hours ago

40 S Main St, Rutland, VT

Name: 40 S Main St, For Sale in Rutland - eXp Realty
Brand: Watson Realty & Associates
SKU: 5097369
Price: 499000 USD

House

MLS® 5097369

0 Bed

0 Bath

3800 sqft

2 Parking

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 3800 sqft

Garage Yes

Taxes $6,876

Days Active 0

Lot Size 0.19 Acres

Approx. Age 1900

Avg. Price Per Sqft $131

MLS® Number 5097369

Property Address: 40 S Main St, Rutland, VT, 05701-4196

Average square foot calculated using Size range provided by listing agent.

Description

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!

MLS® Number5097369

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1900

BasementConcrete, Interior Entry, Interior Stairs, Unfinished

Driveway

Garage Spaces

HeatOil, Baseboard, Electric, Heat Pump

A/CMini Split

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 30, 2026List Date

$499,000List Price

Commute

Commute

Starting Address

Destination Address

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