108 Library Avenue

Closed 9/11/24

Sold

Last Sold Price

$180,000

6 beds3 baths2,340 sqft$77/sqft

108 Library Ave, Rutland, VT 05701

Multi FamilyProperty Type

8,276 sq ftLot Size

1900Year Built

$77/sq ftPrice per sq ft

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 %

Sold By EXP Realty

Listed by: Mike Kalil • Watson Realty & Associates

Listing closed: 09/11/2024 12:00 AM • Source: New England Real Estate Network, MLS#: 4974059

Recent comparable sales

Median sold price

$182,500

Avg days on market

Sale-to-list ratio

95.7%

1/2

$150,000

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6
Bedrooms: Unavailable
Bathrooms: 2,040
Square Feet: 0.2
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Bedrooms: Unavailable
Bathrooms: 2,416
Square Feet: 0.14
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125 Robbins Street, Rutland, VT 05701

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Bedrooms: 2
Bathrooms: 2,042
Square Feet: 0.25
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94 River Street, Rutland, VT 05701

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Unavailable
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Bathrooms: 2,150
Square Feet: 0.34
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108 East Street, Unit 2, Rutland, VT 05701

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Bedrooms: Unavailable
Bathrooms: 2,000
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148 Granger Street, Rutland, VT 05701

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Bedrooms: 4
Bathrooms: 2,860
Square Feet: 0.26
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75 Harrison Avenue, Rutland, VT 05701

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Bedrooms: Unavailable
Bathrooms: 1,813
Square Feet: 0.16
Acres

128 Granger Street, Rutland, VT 05701

1/2

$175,000

Sold 01/14/25

Unavailable
Bedrooms: Unavailable
Bathrooms: 2,934
Square Feet: 0.18
Acres

2 Nickwackett Street, Rutland, VT 05701

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$1,192 per month

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Principal and Interest

$915

Property Taxes

$277

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Property Information for 108 Library Avenue

Property Details

Taxes: $3,325 / year
MLS Type: Multi Family
County: Rutland County
Zoning: Residential

Building Information

Stories: 2
Residences: 3
Year Built: 1900
Lot Size: 0.19 AC / 8,276 SF

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
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

Date	Event & Source	Price	Appreciation
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		—
Nov 11, 2023	Price Change New England Real Estate Network #4974059	$189,000	—
Oct 13, 2023	Listed (Active) New England Real Estate Network #4974059	$195,000	—
Jan 14, 2022	Sold (Public Record) Public Record #1481587694	$115,000	+30.6% / yr
Jan 14, 2022	Sold New England Real Estate Network #4878444	$115,000	—
Nov 30, 2021	Pending New England Real Estate Network #4878444		—
Aug 19, 2021	Listed (Active) New England Real Estate Network #4878444	$125,000	—
Apr 6, 2018	Sold (Public Record) Public Record #619963691	$42,000	—
Apr 6, 2018	Sold New England Real Estate Network #4659327	$42,000	—
Apr 6, 2018	Pending New England Real Estate Network #4659327		—
Aug 30, 2017	Price Change New England Real Estate Network #4659327	$65,000	—
Aug 30, 2017	Listed (Active) New England Real Estate Network #4659327	$59,000	—

Date	Event & Source	Price
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	—
11/11/2023	Price Change New England Real Estate Network #4974059	$189,000
10/13/2023	Listed (Active) New England Real Estate Network #4974059	$195,000
01/14/2022	Sold (Public Record) Public Record #1481587694	$115,000 +30.6% / yr
01/14/2022	Sold New England Real Estate Network #4878444	$115,000
11/30/2021	Pending New England Real Estate Network #4878444	—
08/19/2021	Listed (Active) New England Real Estate Network #4878444	$125,000
04/06/2018	Sold (Public Record) Public Record #619963691	$42,000
04/06/2018	Sold New England Real Estate Network #4659327	$42,000
04/06/2018	Pending New England Real Estate Network #4659327	—
08/30/2017	Price Change New England Real Estate Network #4659327	$65,000
08/30/2017	Listed (Active) New England Real Estate Network #4659327	$59,000

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

Tax Record2025$1,798 ($150 / month)

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
4/10	Rutland Intermediate School	Public - Serves this home	3 to 6	0.2 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.2 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.6 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.5 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.2 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.4 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.3 mi
NR	Christ The King School	Private - Nearby school	PK to 8	0.8 mi
NR	Mount St Joseph Academy	Private - Nearby school	9 to 12	0.6 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.2 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.2 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.6 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.5 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.2 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.4 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.3 mi
NR	Christ The King School PrivatePK to 8 Nearby school	0.8 mi
NR	Mount St Joseph Academy Private9 to 12 Nearby school	0.6 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 108 Library Avenue, Rutland, VT 05701	$180,000	6	3	2,340	8,276
110 Library Avenue, Rutland, VT 05701	$75,000	4	2	1,364	3,920
112 Library Avenue, Rutland, VT 05701	$31,275	7	3	2,506	8,712
106 Library Avenue, Rutland, VT 05701	$396,000	–	–	4,500	8,276
109 Library Avenue, Rutland, VT 05701	$40,000	–	–	–	4,356
107 Library Avenue, Rutland, VT 05701	$333,000	3	2	1,920	10,890
111 Library Avenue, Rutland, VT 05701	$114,250	–	3	2,400	–
105 Library Avenue, Rutland, VT 05701	$93,300	3	1	990	6,098
115 Maple Street, Rutland, VT 05701	$192,500	4	3	1,977	7,840
111 Maple Street, Rutland, VT 05701	–	–	–	–	7,841
116 Library Avenue, Rutland, VT 05701	$75,000	4	2	1,494	0
113 Library Avenue, Rutland, VT 05701	$20,000	–	–	–	10,890
109 Maple Street, Rutland, VT 05701	–	–	–	–	7,841
119 Maple Street, Rutland, VT 05701	–	–	–	–	7,841
61 Pine Street, Rutland, VT 05701	$105,000	6	2	2,300	6,098
63 Pine Street, Rutland, VT 05701	$20,000	–	–	–	6,098

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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 09/10/2026 06:06 AM

Rutland, VT

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