11 Lincoln Avenue

Closed 10/5/23

Last Sold Price

$167,500

7 beds6 baths4,241 sqft$39/sqft

11 Lincoln Ave, Rutland, VT 05701

Description

New Owner Welcome ! This 5-unit property was purchased in July 1982 and has been kept-up by the current owner who is carefully preparing to step away. This property is priced to sell and is being sold As-Is. Rents are currently very low resulting in a negative NOI today, all clearly detailed in the Seller's financial ledger page. There is good opportunity here to turn things around. Two units are vacant and can be easily shown, the remaining 3 units will need a thorough cleaning and renovations,...New Owner Welcome ! This 5-unit property was purchased in July 1982 and has been kept-up by the current owner who is carefully preparing to step away. This property is priced to sell and is being sold As-Is. Rents are currently very low resulting in a negative NOI today, all clearly detailed in the Seller's financial ledger page. There is good opportunity here to turn things around. Two units are vacant and can be easily shown, the remaining 3 units will need a thorough cleaning and renovations, requiring a 48-hour notice to tenants to show. The front building, north side roof, is near needing to be re-shingled; as you begin to lay out your top priorities here. LOCATION is less than half mile to the Marble Valley Transit District to head up to Killington, Middlebury, etc., or to simply get around town. Close to Amtrak local grocers retail restaurants parks library theater arts... ...it is simply a great location, when you stop to think about just how very much is so close by.

LISTING CLOSED: 10/05/2023 12:00 AM

Listed by Rondene Wanner • Franzoni Real Estate Company

Sold By Franzoni Real Estate Company

Property Details for 11 Lincoln Avenue

Status

Closed

MLS #

4956623

Days on Market

Taxes

$6,551 / year

HOA Fees

Condo/Co-op Fees

Property Type

Multi Family

MLS Type

Multi Family

Year Built

1900

Lot Size

0.27 AC / 11,761 SF

County

Rutland County

Parking

Driveway, On-Site, On Street, Unassigned

Zoning

RESD 1

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Location

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Building Information for 11 Lincoln Avenue

Stories2Residences5Year Built1900Building Size-Lot Size0.27 AC / 11,761 SF

Payment Calculator

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$1,397 per month

30 year fixed, 6.55% Interest

Principal and Interest

$851

Property Taxes

$546

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 11 Lincoln Avenue

Summary

Location and General Information

Area Description: Historic District, In Town, Near Public Transportatn, Near Shopping
City: Rutland City

County: VT-Rutland
Directions: West on Route 4, turn right onto Lincoln Avenue, property is on your left, sign on property.
Latitude: 43.609154694987815
Longitude: -72.976117457672132
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Avenue
Village/Dist/Locale: Rutland
Zip Code: 05701

Taxes and HOA Information

SPAN Number: 54017013557 & 54017013558
Tax - Gross Amount: $6,550.52

Tax Year: 2022
Tax Year Notes: Yr 22-23
Taxes TBD: No

School Information

School - High: Rutland Senior High School
School - District: Greater Rutland County Supervisory Union

School - Elementary: Northwest Primary School
School - Middle/Jr: Rutland Middle School

Parking

Garage: No
Driveway: Dirt

Property

Lot Information

Footprint: 4 Units + 1 Unit
Lot - Sqft: 11761.0

Lot Size Acres: 0.27
Road Frontage Length: 60.0
Square Feet Apx Finished Above Grade: 4241.0
Square Feet Apx Finished AG Source: Assessor
Square Feet Apx Finished Below Grade: 0.0
Square Feet Apx Total: 7001.0
Square Feet Apx Total Finished: 4241.0
Square Feet Apx Unfinished Above Grade: 535.0
Square Feet Apx Unfinished AG Source: Assessor
Square Feet Apx Unfinished Below Grade: 2225.0
Square Feet Apx Unfinished BG Source: Assessor

Property and Assessments

Property Class: Multi-Family
Construction Status: Existing

Flood Zone: No
Foundation: Brick, Stone
PreConstruction: No
Surveyed: Unknown
Year Built: 1900

Utilities

Electric Company: Green Mountain Power
Cable Company: Choice

Fuel Company: Suburban
Electric: 100 Amp, Circuit Breaker(s)
Sewer: Public
Utilities: Cable - Available, Fiber Optic Internt Avail, High Speed Intrnt -Avail
Separate Utilities: Varies

Interior and Exterior Features

Exterior Features

Color: Lght Green
Features - Exterior: Deck, Porch - Covered

Roads: Public
Roof: Shingle
Total Ranges: 5

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Concrete Floor, Dirt Floor, Unfinished, Interior Access
Total Full Baths: 5
Flooring: Carpet, Hardwood, Laminate
Heat Fuel: Oil
Heating: Baseboard, Hot Water
Cooling: Other
Total Refrigerators: 5
Total Stories: 2
Total Water Heaters: 2
Trash: Owner

Multi Family

Income & Expenses Information

Gross Income: $29,360.00
Operating Expense Incl: Heat, Insurance, Maintenance, Snow Removal, Trash, Utilities, Water/Sewer

Operating Expense: $31,392

Multi-Family Information

Total Units: 5
Total 1 BR Units: 4

Total 2 BR Units: 0
Total 3+ BR Units: 1
Total Heat Units: 2

Unit Information

Unit 1

Unit 1 Style: downstairs
Unit 1 Baths: 1

Unit 1 Bedrooms: 1
Unit 1 Lease Term: Month to Month
Unit 1 Level Number: 1
Unit 1 Rental Amt Freq: Monthly
Unit 1 Status: Leased
Unit 1 Rooms: 3
Unit 1 Rental Amount: $630.00
Unit 1 Tenant Pays: Electric, Internet Service
Unit 1 Info: Appliances Included, Heat Included, Hot Water

Unit 2

Unit 2 Lease Term: Month to Month
Unit 2 Style: upstairs

Unit 2 Baths: 1
Unit 2 Rooms: 3
Unit 2 Status: Leased
Unit 2 Level Number: 2
Unit 2 Rental Amt Freq: Monthly
Unit 2 Bedrooms: 1
Unit 2 Rental Amount: $650.00
Unit 2 Info: Appliances Included, Heat Included, Hot Water
Unit 2 Tenant Pays: Electric, Internet Service

Unit 3

Unit 3 Baths: 1
Unit 3 Rooms: 3

Unit 3 Level Number: 1
Unit 3 Rental Amt Freq: Monthly
Unit 3 Status: Vacant
Unit 3 Style: downstairs back
Unit 3 Bedrooms: 1
Unit 3 Rental Amount: $800.00
Unit 3 Info: Appliances Included, Electric, Heat Included, Hot Water
Unit 3 Tenant Pays: Internet Service

Unit 4

Unit 4 Level Number: 2
Unit 4 Rental Amt Freq: Monthly

Unit 4 Style: upstairs back
Unit 4 Rooms: 3
Unit 4 Baths: 1
Unit 4 Bedrooms: 1
Unit 4 Status: Vacant
Unit 4 Rental Amount: $800.00
Unit 4 Info: Appliances Included, Electric, Heat Included, Hot Water
Unit 4 Tenant Pays: Internet Service

Unit 5

Unit 5 Rental Agreement: Yes
Unit 5 Level Number: 1 & 2

Unit 5 Rental Amt Freq: Monthly
Unit 5 Status: Leased
Unit 5 Style: 11 1/2 back bldg
Unit 5 Baths: 2
Unit 5 Bedrooms: 3
Unit 5 Rooms: 7
Unit 5 Lease Term: Month to Month
Unit 5 Rental Amount: $650.00
Unit 5 Info: Appliances Included
Unit 5 Tenant Pays: Electric, Heat, Hot Water, Internet Service

Property History for 11 Lincoln Avenue

Date	Event & Source	Price	Appreciation
Oct 5, 2023	Sold New England Real Estate Network #4956623	$167,500	—
Aug 18, 2023	Pending New England Real Estate Network #4956623		—
Jun 10, 2023	Listed (Active) New England Real Estate Network #4956623	$167,500	—

Date	Event & Source	Price
10/05/2023	Sold New England Real Estate Network #4956623	$167,500
08/18/2023	Pending New England Real Estate Network #4956623	—
06/10/2023	Listed (Active) New England Real Estate Network #4956623	$167,500

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

Public Records for 11 Lincoln Avenue

Taxable ValueLand$41,100Additions$148,600Total$189,700

Home Facts

Beds0Lot Size11,761 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 13557

Schools near 11 Lincoln 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	0.3 mi
3/10	Rutland Middle School	Public - Serves this home	7 to 8	0.3 mi
8/10	Rutland Senior High School	Public - Serves this home	9 to 12	1.2 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.2 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	0.9 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.8 mi
NR	Fay Honey Knopp Memorial School	Private - Nearby school	9 to 12	0.9 mi
NR	Sheldon Academy Of Vermont Achievement Center	Private - Nearby school	3 to 12	1.0 mi
NR	Rutland Academy	Private - Nearby school	8 to 12	0.8 mi


Rating	School	Distance
4/10	Rutland Intermediate School Public3 to 6 Serves this home	0.3 mi
3/10	Rutland Middle School Public7 to 8 Serves this home	0.3 mi
8/10	Rutland Senior High School Public9 to 12 Serves this home	1.2 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.2 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	0.9 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.8 mi
NR	Fay Honey Knopp Memorial School Private9 to 12 Nearby school	0.9 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.0 mi
NR	Rutland Academy Private8 to 12 Nearby school	0.8 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)
15 Lincoln Avenue, Rutland, VT 05701	–	–	–	–	5,227
12 Lincoln Avenue, Rutland, VT 05701	–	–	–	–	43,560
17 Lincoln Avenue, Rutland, VT 05701	$340,000	–	–	–	5,227
40 Grant Avenue, Rutland, VT 05701	$212,500	5	5	3,195	11,761
39 West Street, Rutland, VT 05701	$150,000	8	4	4,338	20,473
41 Grant Avenue, Rutland, VT 05701	$100,000	–	–	–	7,405
18 Lincoln Avenue, Rutland, VT 05701	–	–	–	–	10,890
33 West Street, Rutland, VT 05701	$140,000	–	–	–	10,890
10 Elm Street, Rutland, VT 05701	$145,000	3	2	1,390	5,662
47 West Street, Rutland, VT 05701	$350,000	–	–	–	6,098
12 Elm Street, Rutland, VT 05701	$34,900	4	2	1,831	7,840
8 Elm Street, Rutland, VT 05701	$116,000	4	2	1,648	10,018
13 Nichols Street, Rutland, VT 05701	–	–	–	–	3,049
37 Grant Avenue, Rutland, VT 05701	–	–	–	–	6,534
14 Elm Street, Rutland, VT 05701	–	–	–	–	9,148

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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 Franzoni Real Estate Company

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 06:53 AM

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