Last Sold Price
6 beds2,340 sqft$77/sqft
108 Library Ave, Rutland, VT 05701

Description

Good investment opportunity, this 3 units is within walking distances to downtown has a nice partially fenced back yard with plenty of parking space currently the top unit 3 bed is vacant for possible new owner occupancy, let the rents of the 2 units pay your mortgage and other expenses or just buy it as income producing property when fully rented Gross income is $39600 a year and expenses are just shy of $15,000 a year .net income $25K Cap Rate at asking price 12.8 %Good investment opportunity, this 3 units is within walking distances to downtown has a nice partially fenced back yard with plenty of parking space currently the top unit 3 bed is vacant for possible new owner occupancy, let the rents of the 2 units pay your mortgage and other expenses or just buy it as income producing property when fully rented Gross income is $39600 a year and expenses are just shy of $15,000 a year .net income $25K Cap Rate at asking price 12.8 %
LISTING CLOSED: 09/11/2024 12:00 AM

  1. Listed by Mike Kalil • Watson Realty & Associates

Sold By EXP Realty

Property Details for 108 Library Avenue

Status
MLS #
4974059
Days on Market
284
Taxes
$3,325 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Multi Family
Year Built
1900
Lot Size
0.19 AC / 8,276 SF
Zoning
Residential

Location

Add your commute

Building Information for 108 Library Avenue

Stories2Residences3Year Built1900Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$1,192 per month

30 year fixed, 6.55% Interest

Principal and Interest

$915

Property Taxes

$277

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 108 Library Avenue

Summary
Location and General Information
  • City: Rutland City
  • County: VT-Rutland
  • Latitude: 43.611980928112551
  • Longitude: -72.984366813491818
  • Road Frontage: Yes
  • Seasonal: No
  • State: VT
  • Street Designation: Avenue
  • Zip Code: 05701
Taxes and HOA Information
  • SPAN Number: 540-170-13487
  • Tax Year: 2023
  • Taxes TBD: No
Parking
  • Garage: No
  • Driveway: Dirt
Property
Lot Information
  • Lot - Sqft: 8276.0
  • Lot Features: City Lot
  • Lot Size Acres: 0.19
  • Road Frontage Length: 67.0
  • Square Feet Apx Finished Above Grade: 1915.0
  • Square Feet Apx Finished AG Source: Public Records
  • Square Feet Apx Finished Below Grade: 425.0
  • Square Feet Apx Finished BG Source: Public Records
  • Square Feet Apx Total: 2765.0
  • Square Feet Apx Total Finished: 2340.0
  • Square Feet Apx Unfinished Above Grade: 0.0
  • Square Feet Apx Unfinished AG Source: Public Records
  • Square Feet Apx Unfinished Below Grade: 425.0
  • Square Feet Apx Unfinished BG Source: Public Records
Property and Assessments
  • Property Class: Multi-Family
  • Construction Status: Existing
  • Flood Zone: No
  • Foundation: Concrete, Stone
  • PreConstruction: No
  • Surveyed: Unknown
  • Year Built: 1900
Utilities
  • Electric: Circuit Breaker(s)
  • Sewer: Public
  • Water Source: Public
  • Utilities: Cable
  • Total Electric Meters: 3
  • Internet: DSL – Available, High Speed Intrnt -Avail
Interior and Exterior Features
Exterior Features
  • Construction Materials: Wood Frame, Vinyl Siding
  • Roads: Public
  • Roof: Slate
  • Total Ranges: 3
Interior Features
  • Appliances: Water Heater – Oil
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Partially Finished
  • Total Full Baths: 3
  • Heat Fuel: Oil
  • Heating: Electric, Forced Air
  • Cooling: None
  • Total Refrigerators: 3
  • Total Stories: 2
Multi Family
Income & Expenses Information
  • Gross Income: $39,600.00
  • Net Income: $25,057.00
  • Operating Expense Incl: Heat, Insurance, Maintenance, Other, Professional Management, Trash, Water/Sewer
  • Operating Expense: $14,543
Multi-Family Information
  • Total Units: 3
  • Total 1 BR Units: 1
  • Total 2 BR Units: 1
  • Total 3+ BR Units: 1
  • Total Heat Units: 1
Unit Information
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Rental Amt Freq: Monthly
  • Unit 1 Status: Vacant
  • Unit 1 Rental Amount: $1,300.00
Unit 2
  • Unit 2 Rental Amt Freq: Monthly
  • Unit 2 Bedrooms: 2
  • Unit 2 Rental Amount: $1,150.00
Unit 3
  • Unit 3 Rental Amt Freq: Monthly
  • Unit 3 Bedrooms: 1
  • Unit 3 Rental Amount: $850.00

Property History for 108 Library Avenue

DateEvent & SourcePriceAppreciation
Sep 11, 2024

Sold (Public Record)

Public Record #1541048551

$180,000

+18.4% / yr

Sep 11, 2024

Sold

New England Real Estate Network #4974059

$180,000
Jul 23, 2024

Active Under Contract

New England Real Estate Network #4974059

DateEvent & SourcePrice
09/11/2024

Sold (Public Record)

Public Record #1541048551

$180,000

+18.4% / yr

09/11/2024

Sold

New England Real Estate Network #4974059

$180,000
07/23/2024

Active Under Contract

New England Real Estate Network #4974059

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

Public Records for 108 Library Avenue

Taxable ValueLand$40,800Additions$52,500Total$93,300
Home Facts
Beds0Lot Size8,276 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 13487

Schools near 108 Library Avenue

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 - 9 to 12
Rating
School
Distance
Rutland Intermediate School
Public3 to 6

Rutland Middle School
Public7 to 8

Rutland Senior High School
Public9 to 12

Stafford Technical Center
Public9 to 12

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 any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Watson Realty & Associates

Copyright 2026 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 07/31/2026 08:20 AM