112 State Street

Closed 5/3/18

Sold

Last Sold Price

$225,000

23 beds9 baths8,000 sqft$28/sqft

112 State St, Rutland, VT 05701

Multi FamilyProperty Type

0.38 acresLot Size

1900Year Built

$28/sq ftPrice per sq ft

Description

8 Units in 3 buildings on a nice lot with plenty of parking, 112 State is a 3 units, 116 is 3 units and 118 is 2 units , they 2 driveways between them and common parking, great rental history, owners have owned them for over 25 yeas, over the years they have been making improvements as needed , some of the new updates are , Roof , Siding , Windows and furnaces, Great return for your money , the net income is around $36,000 a year so at the $225K Cap Rate is 16%8 Units in 3 buildings on a nice lot with plenty of parking, 112 State is a 3 units, 116 is 3 units and 118 is 2 units , they 2 driveways between them and common parking, great rental history, owners have owned them for over 25 yeas, over the years they have been making improvements as needed , some of the new updates are , Roof , Siding , Windows and furnaces, Great return for your money , the net income is around $36,000 a year so at the $225K Cap Rate is 16%

Sold By Coldwell Banker Watson Realty/Rutland

Listed by: Mike Kalil • Coldwell Banker Watson Realty/Rutland

Listing closed: 05/03/2018 12:00 AM • Source: New England Real Estate Network, MLS#: 4664091

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$2,080 per month

30 year fixed, 6.71% Interest

Principal and Interest

$1,163

Property Taxes

$917

HOA Dues

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Property Information for 112 State Street

Property Details

Taxes: $11,008 / year
MLS Type: Multi Family
County: Rutland County
Zoning: Residential

Building Information

Stories: 2
Residences: 8
Year Built: 1900
Lot Size: 0.38 AC / 16,552 SF

Summary

Location and General Information

City: Rutland City
County: VT-Rutland

Directions: going west on State st. property is on the left right after the first light
Road Frontage: Yes
Seasonal: No
State: VT
Street Designation: Street
Zip: 05701

Taxes and HOA Information

SPAN Number: 540-170-12881
Tax - Gross Amount: $11,008.32

Tax Year: 2017
Taxes TBD: No

School Information

School - District: Rutland City School District

Parking

Garage: No
Driveway: Gravel

Property

Lot Information

Lot - Sqft: 16553.0
Lot Size Acres: 0.38

Road Frontage Length: 180.0
Square Feet Apx Finished Above Grade: 8000.0
Square Feet Apx Finished AG Source: Other
Square Feet Apx Finished Below Grade: 0.0
Square Feet Apx Total: 10500.0
Square Feet Apx Total Finished: 8000.0
Square Feet Apx Unfinished Above Grade: 0.0
Square Feet Apx Unfinished Below Grade: 2500.0
Square Feet Apx Unfinished BG Source: Other

Property and Assessments

Assessment Amount: $349,900
Property Class: Multi-Family

Flood Zone: No
Foundation: Fieldstone
PreConstruction: No
Surveyed: Unknown
Year Built: 1900

Utilities

Electric: 100 Amp, 220 Plug, Circuit Breaker(s)
Sewer: Public

Total Electric Meters: 8
Separate Utilities: Varies

Interior and Exterior Features

Exterior Features

Roads: Paved, Public
Roof: Shingle - Architectural

Total Ranges: 8

Interior Features

Basement: Yes
Basement Access Type: Interior

Basement Description: Full, Unfinished
Total Full Baths: 9
Heat Fuel: Gas - LP/Bottle, Oil
Heating: Baseboard, Forced Air
Cooling: None
Total Refrigerators: 8
Total Stories: 2.5

Multi Family

Income & Expenses Information

Gross Income: $67,800.00
Expenses - Annual: $31,760.00

Net Income: $36,040.00
Operating Expense Incl: Maintenance
Operating Expense: $31,760

Multi-Family Information

Total Units: 8
Total 1 BR Units: 0

Total 2 BR Units: 3
Total 3+ BR Units: 5

Unit Information

Unit 1

Unit 1 Baths: 1
Unit 1 Bedrooms: 4

Unit 1 Rental Amt Freq: Monthly
Unit 1 Rental Amount: $700.00
Unit 1 Tenant Pays: Electric, Heat, Hot Water

Unit 2

Unit 2 Baths: 1
Unit 2 Rental Amt Freq: Monthly

Unit 2 Bedrooms: 3
Unit 2 Rental Amount: $650.00
Unit 2 Tenant Pays: Electric, Heat, Hot Water

Unit 3

Unit 3 Baths: 1
Unit 3 Rental Amt Freq: Monthly

Unit 3 Bedrooms: 2
Unit 3 Rental Amount: $700.00
Unit 3 Tenant Pays: Electric, Heat, Hot Water

Unit 4

Unit 4 Rental Amt Freq: Monthly
Unit 4 Baths: 2

Unit 4 Bedrooms: 4
Unit 4 Rental Amount: $975.00
Unit 4 Tenant Pays: Electric, Hot Water

Unit 5

Unit 5 Rental Amt Freq: Monthly
Unit 5 Baths: 1

Unit 5 Bedrooms: 2
Unit 5 Rental Amount: $650.00
Unit 5 Tenant Pays: Electric, Hot Water

Unit 6

Unit 6 Baths: 1
Unit 6 Bedrooms: 2

Unit 6 Rental Amt Freq: Monthly
Unit 6 Rental Amount: $675.00
Unit 6 Tenant Pays: Electric, Hot Water

Unit 7

Unit 7 Bedrooms: 3
Unit 7 Baths: 1

Unit 7 Rental Amt Freq: Monthly
Unit 7 Rental Amount: $650.00
Unit 7 Tenant Pays: Electric, Heat, Hot Water

Unit 8

Unit 8 Baths: 1
Unit 8 Rental Amount: $650.00

Unit 8 Rental Amt Freq: Monthly
Unit 8 Bedrooms: 3
Unit 8 Tenant Pays: Electric, Heat, Hot Water

Property History for 112 State Street

Date	Event & Source	Price	Appreciation
May 3, 2018	Sold New England Real Estate Network #4664091	$225,000	—
Feb 23, 2018	Pending New England Real Estate Network #4664091		—
Oct 16, 2017	Listed (Active) New England Real Estate Network #4664091	$225,000	—

Date	Event & Source	Price
05/03/2018	Sold New England Real Estate Network #4664091	$225,000
02/23/2018	Pending New England Real Estate Network #4664091	—
10/16/2017	Listed (Active) New England Real Estate Network #4664091	$225,000

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

Public Records for 112 State Street

Taxable ValueLand$32,400Additions$92,400Total$124,800

Tax Record2025$2,405 ($200 / month)

Home Facts

Beds0Lot Size5,663 SqFtStyleSingle Family ResidenceCountyRUTLANDAPN(170) 12881

Schools near 112 State Street

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	1.6 mi
NR	Stafford Technical Center	Public - Choice school	9 to 12	1.6 mi
NR	Rutland Northeast Primary School	Public - Choice school	PK to 2	1.3 mi
NR	Rutland Northwest School	Public - Choice school	PK to 2	0.5 mi
NR	Fay Honey Knopp Memorial School	Private - Nearby school	9 to 12	1.0 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	0.9 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	1.6 mi
NR	Stafford Technical Center Public9 to 12 Choice school	1.6 mi
NR	Rutland Northeast Primary School PublicPK to 2 Choice school	1.3 mi
NR	Rutland Northwest School PublicPK to 2 Choice school	0.5 mi
NR	Fay Honey Knopp Memorial School Private9 to 12 Nearby school	1.0 mi
NR	Sheldon Academy Of Vermont Achievement Center Private3 to 12 Nearby school	1.0 mi
NR	Rutland Academy Private8 to 12 Nearby school	0.9 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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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 Coldwell Banker Watson Realty/Rutland

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 04:04 PM

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